Online Access Free 1Z0-1056 Practice Test

Which two initial tasks need to be completed in the Customer Account Profile page in order to generate and deliver XML invoices under the OAGIS (Open Applications Group Integration Specification) 10.1 format?

• A.Set Preferred Contact Method to XML
• B.Select the Enable XML Invoicing Check Box for Relevant Transaction Classes
• C.Set Preferred Delivery Methods to Email
• D.Select the Enable OAGIS 10.1 XML Format Check Box
• E.Set Preferred Delivery Method to XML

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 SSP amounts for all performance obligations in the customer contract
• B.the billing amount for all performance obligations in the customer contract
• C.the selling price for all performance obligations in the customer contract
• D.the extended SSP amounts for all performance obligations in the customer contract
• E.the allocated amount for all performance obligations in the customer contract

If the Contract Identification Rules that you defined for your customer did not group the source data into customer contracts as expected, how would you resolve the issue?

• A.Delete Contracts from the Manage Customer Contracts UI.
• B.Delete the source data that was imported into Revenue Management and import new source data.
• C.Delete the performance obligations from the relevant contracts through the Manage Customer Contracts UI.
• D.Run the Discard Customer Contracts program for the relevant contracts and run the Identify Customer contracts program again.
• E.Run the Discard Customer Contracts program for the relevant contracts, define a new, higher-priority Contract Identification Rule, and run the Identify Customer Contracts program again.

When deciding how to set up the system to recognize revenue, it is important to understand the extent of revenue deferral and the subsequent timing of revenue recognition.
Which two statements are true when you consider that recognition depends on the nature of the contingency?
(Choose two.)

• A.Pre-billing customer acceptance clauses require the recording of customer acceptance in the feeder system, or its expiration, before importing into Receivables for invoicing. Customer acceptance or its expiration must occur before the contingency can be removed and the order can be imported into Receivables for invoicing.
• B.Time-based contingencies can expire, but the contingency will have to be removed manually before the revenue is recognized if payment is not due yet.
• C.Time-based contingencies must not expire before the contingency can be removed and revenue recognized.
• D.Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.
• E.Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized.

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.)

• A.Revenue Contingencies
• B.Standard Memo Lines
• C.Collectors
• D.Revenue Types
• E.Receivable Specialists