Oracle
1D0-1056-23-D
Oracle Financials Cloud: Receivables 2023 Implementation
Professional - Delta
QUESTION & ANSWERS
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QUESTION 1
You are asked to amend subledger accounting and reporting to include origin and history of Receivable
transactions.
Which three event attributes should be used? (Choose three.)
A.
B.
C.
D.
E.
Transaction number of amendments:
Transaction created by
Transaction last update date
Transaction creation date
Transaction type of update
Correct Answer: A,C,E
QUESTION 2
Debit Memo Reversal is a new receivable that replaces the item closed by the original receipt.
When should the Debit Memo Reversal method be used to reverse a receipt?
A. You are reversing a receipt that you previously applied to a chargeback and this chargeback was not
accounted.
B. You are reversing a receipt that you previously applied to a chargeback and this chargeback was
posted to your general ledger.
C. You are reversing a receipt that you previously applied to a chargeback and this chargeback has had
no activity (another receipt or credit memo or adjustment) against it.
D. You are reversing a Miscellaneous receipt.
Correct Answer: C
QUESTION 3
You are investigating the Receivables to General Ledger Reconciliation Report and must explain any
variances to your Accounting Manager.
What two variance amounts should you expect to investigate in this report? (Choose two.)
A.
B.
C.
D.
Tax Variance
Intercompany Variance
Accounting Variance
Receivables Variance
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Correct Answer: C,D
QUESTION 4
To determine the best approach to converting a client's data, you must know which setups are Reference:
Data Set enabled and can be shared.
Which three are Reference: Data Set enabled setups in Receivables? (Choose three.)
A.
B.
C.
D.
E.
Revenue Contingencies
Receivables Activities
Customer Account Sites
Standard Memo Lines
Revenue Transactions
Correct Answer: A,D,E
QUESTION 5
After reviewing an incomplete invoice, the Billing Manager clicks the Complete button in the
Transactions window.
What are three results of this action? (Choose three.)
A.
B.
C.
D.
E.
Payment schedules are created using the payment terms specified.
The invoice is sent for a dunning follow-up.
The invoice can now be printed.
The invoice is eligible for transfer to the General Ledger.
The invoice is included in the standard aging and collection process if the transaction type has the
Open Receivables option set to No.
Correct Answer: A,C,D
QUESTION 6
Which two are rules applicable to issue of refunds? (Choose two.)
A. You cannot refund more than either the original receipt amount or the remaining unapplied
amount.
B. You can refund receipts that were either remitted or cleared.
C. You can issue a credit card refund to a customer who has made a cash payment.
D. You can refund receipts that are factored
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Correct Answer: A,B
QUESTION 7
You are a functional user who has been tasked with creating an Oracle Transactional Business Intelligence
(OTBI) analysis. You are still learning how to use OTBI, and the analysis you need to create is not complex.
Which two tools should you use to create this analysis? (Choose two.)
A.
B.
C.
D.
Report Builder
Visual Builder add on to Excel
Answers
BI Composer
Correct Answer: A,B
QUESTION 8
Which information does the collector see after clicking on the Activities Infotile in the Collections Work
Area?
A.
B.
C.
D.
Tasks assigned to the collector such as follow-up calls.
Summary of aged transactions.
List of broken payment promises.
List of delinquent customers.
Correct Answer: A
QUESTION 9
What are the two places where Receivables can look for the ''Match Receipts By'' setting when applying
manual customer receipts? (Choose two.)
A.
B.
C.
D.
E.
Receipt Method
Profile option
Customer
AutoMatch Rule
System Options
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Correct Answer: A,E
QUESTION 10
Which three Infotiles can be seen in the Accounts Receivables work area? (Choose three.)
A.
B.
C.
D.
E.
Activities
Unapplied Receipts
Unapplied Credits
Receipt Batches
Unidentified Receipts
Correct Answer: B,C,D
QUESTION 11
Your Customer Upload Batch with an error and you identify the error as being due to an incorrect
Payment Method.
How will you correct the error?
A.
B.
C.
D.
by using the Customer Import Interface work area
by using the correct Customer Payment Method spreadsheet
by using the correct Customer Data spreadsheet
by importing the correct data by using a new spreadsheet upload
Correct Answer: B
QUESTION 12
When defining the receipt method for automatic receipt processing, the business requirement is to
produce the minimum number of payments.
Which receipt rule should you define?
A.
B.
C.
D.
One per Customer per due date
One per Customer
One per site per due date
One per invoice
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Correct Answer: D
QUESTION 13
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 an Oracle Business Intelligence Applications (OBIA) Report.
C. Query each customer refund and verify the Refund Status.
D. Create a Real Time Report by using Oracle Transactional Business Intelligence (OTBI).
Correct Answer: D
QUESTION 14
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.
B.
C.
D.
20+ Days Link
0-10 Days Link
0-5 Days Link
10+Days Link
Correct Answer: B
QUESTION 15
Which three Collection Preferences can be selected as the default transaction class for the
Transaction tab? (Choose three.)
A.
B.
C.
D.
E.
Deposit
Guarantee
Debit Memo
Credit Memo
Charge Back
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Correct Answer: A,B,C
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