Online Access Free 1Z0-1056 Exam Questions

You are trying to migrate the Subledger Accounting setup by using the Export and Import functionality in the Setup and Maintenance work area. The import process, however, returns errors. Identify two reasons for the import failure.

• A.an inactive Journal Line Type
• B.an inactive Mapping Set
• C.an inactive Journal Entry Rule Set
• D.an inactive Accounting Method

After a customer bankruptcy is approved, what happens in the Collections application?

• A.Collection activities are suspended, delinquent transactions no longer appear on the Collections Work Area and customer status is changed to Bankrupt.
• B.The Bankrupt Customer Collection job is automatically submitted to close all open transactions for the customer.
• C.Collection activities remain active, delinquent transactions appear in the Collections Work Area but customer status is changed to Bankrupt.
• D.Collection activities are suspended and delinquent transactions appear in the Collections Work Area.

Which two setups are required to ensure that the same tax is applied on both intercompany payable and intercompany receivable invoices? (Choose two.)

• A.First enter a payable transaction to calculate tax and then enter the receivable transaction.
• B.Ensure that both the receiver and provider business units and legal entities are subscribed to the applicable tax regime on the transaction date.
• C.Tax for intercompany is loaded by using Create Taxable Transactions in Spreadsheet.
• D.Intercompany system options enable use of the same tax rate code for the payable and receivable invoices.
• E.The payable options and the receivable system options should have the same tax application options.
• F.Ensure if any tax-specific rules that are defined should cover both the sales_transaction and purchase_transaction business category.

What are three functions of the Create Automatic Receipt Write-offs program? (Choose three.)

• A.limiting write-offs by a percentage of the original receipt amount
• B.creating write-offs for specific currencies and customers
• C.scheduling periodic write-offs as receipt adjustments for small remaining balances
• D.scheduling periodic write-offs to occur in future periods
• E.scheduling periodic write-offs as receipt adjustments for old remaining balances

A business entity (your client) sells a computer, monitor, keyboard, and mouse as a single package to consumers. The entity has identified that this bundle is a distinct performance obligation.
How would you configure the Performance Obligation Identification Rule to ensure correct grouping of these items?

• A.by defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute
• B.by defining a grouping rule on the customer class
• C.by defining an exclusion rule to exclude customer classes that are "Retail"
• D.by defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain the same value for that attribute
• E.by defining an item group and assigning that to the rule