QUESTION: 5

To determine the best approach to converting a client's data, you must know which setup is set-enabled and can be shared.

Identify three set-enabled setups in Receivables. (Choose three.)

Collectors
Standard Memo Lines
Revenue Types
Receivable Specialists
Revenue Contingencies

Answer(s): B,C,E

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QUESTION: 6

Which two statements are true about Accounting for Tax on Receivables? (Choose two.)

For Miscellaneous receipts, if the receivable activity tax rate code source is Activity for the activity type of Miscellaneous Cash, Receivables use the tax account that is defined on the receivable activity.
For Adjustments, if the receivable activity tax rate code source is Invoice, Receivables derive the tax account from auto-accounting.
For Adjustments, if the receivable activity tax rate code source is Invoice, Receivables use the tax account that is defined on the receivable activity.
For Adjustments, if the receivable activity tax rate code source is Invoice, Receivables use the tax account of the tax code.
For Credit memos, if the profile "AR: Use Invoice Accounting for Credit Memos" is set to Yes, Receivables derive the item distribution from the invoice and the tax account from auto-accounting.
For Credit memos, if the profile "AR: Use Invoice Accounting for Credit Memos" is set to No, Receivables derive the tax account from auto-accounting.

Answer(s): C,E

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QUESTION: 7

Which two are rules applicable to issue of refunds? (Choose two.)

You cannot refund more than either the original receipt amount or the remaining unapplied amount.
You can refund receipts that were either remitted or cleared.
You can issue a credit card refund to a customer who has made a cash payment.
You can refund receipts that are factored.

Answer(s): A,B

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QUESTION: 8

How can a Collector assigned to a Customer modify a strategy that is assigned from the Collections Dashboard?

A strategy is automatically assigned based on Scoring and cannot be manually assigned to a Customer by a Collector.
Only a Collections Administrator can modify the strategy.
The Collector can modify the strategy from the Profile > Strategies tab.
The strategy can be modified from the Manage Customers page.

Answer(s): A

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Free Oracle 1Z0-1056 Exam Questions (page: 3)

QUESTION: 5

QUESTION: 6

QUESTION: 7

QUESTION: 8

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