Free Access Oracle.1Z0-1056-24.v2026-01-08.q53 Practice Test (Page 7)

Question 26

What do you need to total in order to find the total transaction price for a customer contract that is calculated by Revenue Management?

A.the selling price for all performance obligations in the customer contract

B.the billing amount for all performance obligations in the customer contract

C.the allocated amount for all performance obligations in the customer contract

D.the SSP amounts for all performance obligations in the customer contract

E.the extended SSP amounts for all performance obligations in the customer contract

Question 27

Manage Aging Methods
Scenario
Your organization needs to create their own a-bucket aging method for reporting purposes.
Task
Create a new 4-bucket Aging Method in the Collections application, where:
Name Of the aging method is XXAging Method (Replace XX with 03, which is your allocated User ID.) Aging method is accessible to all business units Aging buckets are 45 days apart Last bucket is 91 days

Question 28

You created a bills receivable that is factored with recourse and applied a wrong receipt to the short-term debt before the bill maturity date plus the risk elimination days.
Which actions are true? (Choose two.)

A.If the bills receivable is recalled before the maturity date, the status of the bills receivable is updated to Protested.

B.If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Hold.

C.If the bills receivable is recalled before the maturity date, the status of the bills receivable is updated to Pending Remittance.

D.If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Unpaid.

E.If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Recall.

Question 29

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 select only a Closed accounting period.

B.You can exclude unidentified receipts, but you cannot exclude on-account activities and unapplied receipts.

C.You cannot exclude on-account activities, unapplied receipts, and unidentified receipts.

D.You can include or exclude intercompany transactions, or you can reconcile by intercompany activity only.

Question 30

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.Managing disputes

B.Making payments by using a credit card or the bank account

C.Managing credit memos

D.Reviewing customer account balances

E.Managing unapplied payments

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Question 26

Question 27

Question 28

Question 29

Question 30

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