Online Access Free 1Z0-1056 Exam Questions

The Billing Manager has navigated to the Billing Work Area to review incomplete transactions.
Which link on the Incomplete Infotile will provide detailed information on the most recent incomplete transactions?

• A.0-10 Days Link
• B.10+Days Link
• C.20+ Days Link
• D.0-5 Days Link

A client rents equipment for special events. They have the following invoicing requirements: invoice must De entered and be due either immediately, or 20 or 10 days before the event. The Deferred Event Revenue Account for Rentals is to be credited at the time of invoice booking. After the events occur, the client wants all lines to debit the Deferred Event Revenue Account and credit the Event Revenue.
How can you meet this requirement?

• A.Create a Revenue Contingency with Revenue Policy as None and Contingency Primary Removal Event as Payment.
• B.Create a Revenue Contingency with Revenue Policy as None, Contingency Primary Removal Event as Invoicing, and Optional Removal Event as Transaction Date, with Transaction Date being the Event Date.
• C.Create a Revenue Contingency with Revenue Policy as Credit, Contingency Primary Removal Event as Milestone Billing, and Optional Removal Event as Fulfillment Date.
• D.Create a Revenue Contingency with Revenue Policy as None, Contingency Primary Removal Event as Contingency Expiration, and Optional Removal Event as Transaction Date, with Transaction Date being the Event Date.

You have created two transactions with a 30-day payment term. The first transaction is on January 29, 2015 and the second transaction is on January 31, 2015. The invoice date is the same as the system date. Both transactions are assigned an unsigned receipt method that has the lead days set to 60, number of bills receivable rule set to one per customer, and the bills receivable maturity date rule set to latest.
Which statement is true when the create bills receivable batch is processed for a customer on January 31,
2015?

• A.Two Bills Receivable transactions are created with the issue dates as January 29, 2015 and January 31,
  2015.
• B.Two Bills Receivable transactions are created with the issue date and accounting date as January 29,
  2015 and January 31, 2015, respectively.
• C.A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as March 2,
  2015.
• D.Two Bills Receivable transactions are created with maturity dates as March 30, 2015 and April 1, 2015.
• E.A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as February
  28, 2015.
• F.A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as March 30,
  2015.

Your customer has three business units. The customer wants to share customer account addresses across these business units.
Which reference data set can be used to achieve this?

• A.Create a new reference data set for account addresses and assign it to the business units.
• B.Assign an enterprise reference data set to the business units, which share the account addresses.
• C.Assign a COMMON reference data set to the business units, which share the account addresses.
• D.Create a separate reference data set for each business unit and assign it to each unit.

In the customer hierarchy of Customer Corporation, Customer Worldwide is the parent company of Customer USA and Customer Japan. Customer West is a subsidiary of Customer USA.
Which three statements are true if the Customer Corporation hierarchy is assigned to a Pay Below Paying relationship? (Choose three.)

• A.Customer Japan can pay for Customer West, Customer USA, and its own transactions.
• B.Customer USA can pay for Customer Worldwide, Customer West, and its own transactions.
• C.Customer Worldwide can pay for Customer USA, Customer Japan, Customer West, and its own transactions.
• D.Customer USA can pay for Customer West and its own transactions.
• E.Customer Japan can pay its own transactions.