Online Access Free 1Z1-1056 Practice Test

Which role provides access to Receivables - Revenue Adjustments Real Time OTBI Subject area?

• A.Revenue Manager
• B.Accounts Receivable Manager
• C.Billing Specialist
• D.Accounts Receivable Specialist

A customer calls the Accounts Receivables department and asks for the balance of all invoices that are due in the next 30 days. The customer also has a question about a specific invoice line.
As a Billing Specialist, which action would you take?

• A.Create an open debit memo.
• B.Apply, reverse, or process the receipt.
• C.Search for the information in the Review Customer Account Details user interface.
• D.Search for open invoices on the Manage Transaction search page.

Which three transaction types are used to generate late charges? (Choose three.)

• A.Adjustments against the original transaction
• B.Debit Memo
• C.Interest Invoice
• D.Cash Receipts
• E.Credit Memo

Where is the summary delinquency data displayed In the Collections Work Area?

• A.Aging Tab
• B.Profile Tab
• C.History Tab
• D.Transactions Tab

Your company wants to generate Intercompany transactions only if the amount Involved is equal to or greater than $3,000 USD.
How should you configure Intercompany System Option*; to meet this requirement?

• A.Set "Minimum Transaction Amount" to 2,999.99 and "Minimum Entered Currency" to ALL
• B.Set "Minimum Transaction Amount" to 3,000 and "Minimum entered Currency" to USD.
• C.Define intercompany approval rule, to automatically reject intercompany transactions that do not meet the minimum amount requirement.
• D.Set "Minimum Invoice Amount" to 3,000 and "Invoice Currency" to USD in Payables Invoice Options and Receivables System Options.