Online Access Free 1Z0-1056-21 Practice Test

Given the default system options:

Which two instances are you required to select for the - require salesperson flag? (Choose two.)

• A.FBDI Loader is required
• B.Auto-Invoicing is required
• C.Sales credit tracking is required
• D.Revenue accounting is required

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?

• A.The program allows table hierarchies for customer bank accounts, but not for other customer information.
• B.The use of parent, child, and grandchild table hierarchies is allowed only in Accounts Payable, not Accounts Receivable.
• C.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.
• D.No; the program contains parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.
• E.Yes; the program specifically prohibits parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.

You are explaining the benefits of using Bill Management as a self-service electronic bill presentment solution to an existing customer.
Which feature is not supported in Bill Management?

• A.Making payments by using a credit card or the bank account
• B.Managing disputes
• C.Managing credit memos
• D.Reviewing customer account balances
• E.Managing unapplied payments

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 has had no activity (another receipt or credit memo or adjustment) against it.
• B.You are reversing a Miscellaneous receipt.
• C.You are reversing a receipt that you previously applied to a chargeback and this chargeback was not accounted.
• D.You are reversing a receipt that you previously applied to a chargeback and this chargeback was posted to your general ledger.

Which transactions are included when transactions of specified customers are selected in the Create Balance Forward Billing Program?

• A.transactions that have the selected payment terms
• B.transactions have a Bill Type of Imported
• C.transactions that have the Print Option set to Do Not Print
• D.transactions that were included in a previous Balance Forward Bill