Online Access Free 1Z0-1056 Exam Questions

A Billing Specialist creates an adjustment for an incorrect invoice that exceeds a user's approval limit.
What is the status of the adjustment?

• A.Pending Research
• B.Approval Required
• C.Forwarded for Approval
• D.Pending Approval

What is the impact on transactions of changing the billing cycle for a customer or group of customers?

• A.New transactions after this change inherit the new billing cycle.
• B.The billing cycle does not have any impact on new transactions.
• C.Existing transactions with no activity retain the old billing cycle.
• D.Existing transactions with activity adapt the new billing cycle.

Which setup is required to ensure that the same tax is applied on both intercompany payable and intercompany receivable invoices?

• A.Same tax rate code must be populated in Intercompany System Options for both Payables and Receivables invoices.
• B.Intercompany invoicing must be enabled in Payables Invoice Options.
• C.Receiver and provider business units and legal entities must be subscribed to the applicable tax regime on the transaction date.
• D.Intercompany invoicing must be enabled in Receivables System Options.

You are not able to initiate a bankruptcy request at the customer site level on behalf of a customer.
Which two conditions are failing? (Choose two.)

• A.Preferences must be enabled and Enable Bankruptcy must be set to Yes in Manage Collections Preferences in the Functional Setup Manager for Advanced Collections.
• B.Bankruptcy must be applied at the customer level, which includes all transactions at the customer, account, and Site levels.
• C.The Collections Manager creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should be configured as a resource.
• D.The customer does not have the default strategy and default collector assigned at the customer account and site level.
• E.Preferences must be enabled and Enable Bankruptcy must be set to Yes for the customer.
• F.The Collections Administrator creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should have the Collection Manager and Customer Profile Administrator roles assigned.

Your client performs many customer refunds and would like to search for real-time Receivables Refunds Status easily.
What should you do to meet this requirement?

• A.Create a Business Intelligence Publisher Report because you cannot create an OTBI Report for refunds.
• B.Create a Real Time Report by using Oracle Transactional Business Intelligence (OTBI).
• C.Query each customer refund and verify the Refund Status.
• D.Create an Oracle Business Intelligence Applications (OBIA) Report.