Oracle 1Z0-1056-21 Certification Exam: Latest Sample Questions and Answers
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1Z0-1056-21 Exam Detail Exam Code
1Z0-1056-21
Full Exam Name Oracle Financials Cloud Receivables 2021 Implementation Essentials Number of Questions
58
Practice Exams
1Z0-1056-21 Online Practice Exam
Passing Score
64%
Time Limit
90 minutes
Recommended Training
Oracle Financials Cloud: Receivables 2021 Certified Implementation Specialist Oracle Financials Cloud Learning Subscription
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How to Prepare for 1Z0-1056-21 •
Perform enough practice with Oracle system with related Oracle 1Z0-1056-21 certification subjects
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Identify the key configuration, workflow and data flow
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Understand the all Syllabus Topics of Exam which are Given in Description.
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Identify your weak areas from practice test and do more practice with system
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Repeat practice exams and try to score 100% on www.DBexam.com
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Oracle 1Z0-1056-21 Exam Questions
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Q 1) Your customer has three sites defined in the system, site 1, site 2, and site 3. All sites have their own billing strategy defined and Balance Forward Billing is enabled for site 1 and Site 2 at the account level. How will bills be generated? Option
a) Sites 1, 2, and 3 activities will be included in a single bill. b) Sites 2 and 3 activities will be included in a single bill. c) Sites 1 and 2 activities will be included in a single bill. d) Sites 1 and 3 activities will be included in a single bill.
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ANSWER c) Sites 1 and 2 activities will be included in a single bill.
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Q 2) How can a Collector assigned to a Customer modify a strategy that is assigned from the Collections Dashboard?
Option a) A strategy is automatically assigned based on Scoring and cannot be manually assigned to a Customer by a Collector. b) Only a Collections Administrator can modify the strategy. c) The Collector can modify the strategy from the Profile > Strategies tab. d) The strategy can be modified from the Manage Customers page.
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ANSWER a) A strategy is automatically assigned based on Scoring and cannot be manually assigned to a Customer by a Collector.
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Q 3) Identify the receivables system option that relates to customers. (Choose two.)
Option a) Reciprocal Customer
b) Receipt Method c) Default Country d) Automatic Site Numbering
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ANSWER
b) Receipt Method c) Default Country
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Q 4) Your client's legacy system uses a hierarchical parent/child relationship to organize customer information because a single customer may have more than one bank account or payment method. Does this prevent you from using the Oracle Fusion Trading Community Model Data Import program? Option a) The program allows the use of parent, child, and grandchild table hierarchies, but it requires multiple Customer Master records for each customer within the hierarchy. b) The program allows table hierarchies for customer bank accounts, but not for other customer information.
c) No; the program contains parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information. d) Yes; the program specifically prohibits parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.
e) The use of parent, child, and grandchild table hierarchies is allowed only in Accounts Payable, not Accounts Receivable
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ANSWER d) Yes; the program specifically prohibits parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.
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Q 5) In what three ways will changing customer information impact the collection process? (Choose three.) Option a) Changing information on the Profile tab does not have an impact on the level at which collections are done. b) Adding or modifying customer contact name on the Contacts tab impacts where the correspondence is sent. c) Making changes on the Profile tab impacts the collection process. d) Business-unit-level changes will not impact the display of delinquent customers on the dashboard.
e) Changing the Collector impacts the individual working with the delinquent customer.
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ANSWER b) Adding or modifying customer contact name on the Contacts tab impacts where the correspondence is sent. c) Making changes on the Profile tab impacts the collection process. e) Changing the Collector impacts the individual working with the delinquent customer.
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