Free 1Z0-1056 Braindumps

  • Exam Number: 1Z0-1056
  • Provider: Oracle
  • Questions: 110
  • Updated On: 31-May-2020

When discussing the Receivables to Ledger Reconciliation Report with your customer, you are
asked a number of questions about how to run the report.

Which statement is true?

A. You can exclude unidentified receipts, but you cannot exclude on-account activities and
unapplied receipts.
B. You cannot exclude on-account activities, unapplied receipts, and unidentified receipts.
C. You can include or exclude intercompany transactions, or you can reconcile by intercompany
activity only.
D. You can select only a Closed accounting period.

Answer(s): C

Your Customer Upload Batch with an error and you identify the error as being due to an
incorrect Payment Method.

How wil you correct the error?

A. by using the Customer Import Interface work area
B. by using the correct Customer Payment Method spreadsheet
C. by using the correct Customer Data spreadsheet
D. by importing the correct data by using a new spreadsheet upload

Answer(s): B

When deciding how to set up the system to recognize revenue, it is important to understand the
extent of revenue deferral and the subsequent timing of revenue recognition.

Which two statements are true when you consider that recognition depends on the nature of the
contingency? (Choose two.)

A. Time-based contingencies can expire, but the contingency wil have to be removed manual y
before the revenue is recognized if payment is not due yet.
B. Pre-bil ing customer acceptance clauses require the recording of customer acceptance in the
feeder system, or its expiration, before importing into Receivables for invoicing. Customer
acceptance or its expiration must occur before the contingency can be removed and the order
can be imported into Receivables for invoicing.
C. Post-bil ing customer acceptance clauses must expire (implicit acceptance), or be manual y
accepted (explicit acceptance), before the contingency can be removed and revenue
D. Time-based contingencies must not expire before the contingency can be removed and
revenue recognized.
E. Payment-based contingencies do not always require payment before the contingency can be
removed and revenue recognized.

Answer(s): B, C

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