Online Access Free 1z0-1056-22 Practice Test

The process of remitting receipts to a bank results in fund transfer errors.
Identify three corrective actions to resolve this. (Choose three.)

• A.debit memo reversal
• B.change of instrument
• C.receipt reversal
• D.clearing payment information
• E.credit reversal

You are not able to initiate a bankruptcy request at the customer site level on behalf of a customer.
Which two conditions are failing? (Choose two.)

• A.The Collections Administrator creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should have the Collection Manager and Customer Profile Administrator roles assigned.
• B.The customer does not have the default strategy and default collector assigned at the customer account and site level.
• C.The Collections Manager creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should be configured as a resource.
• D.Bankruptcy must be applied at the customer level, which includes all transactions at the customer, account, and Site levels.
• E.Preferences must be enabled and Enable Bankruptcy must be set to Yes for the customer.
• F.Preferences must be enabled and Enable Bankruptcy must be set to Yes in Manage Collections Preferences in the Functional Setup Manager for Advanced Collections.

A Cloud client has a requirement to process the most precise revenue recognition schedule.
Which revenue schedule would you use to achieve this requirement?

• A.Period end rate
• B.Daily Revenue rate - Partial Periods
• C.Variable rate
• D.Daily Revenue Rate - All periods
• E.Fixed Rate

Which configuration step is required for processing Collections disputes?

• A.Define Aging Method to be used with disputed transactions.
• B.Set "Send Dispute Notice" Option to "Yes" in Collections Preferences.
• C.Define Dispute Thresholds in Collections Preferences.
• D.Define a "Collections" Approval Group as well as a "Billing" Approval Group in the BMP Worklist.

Company ABC wants their logo displayed in all customer invoices. How do you meet this business requirement?

• A.Enable the setting "Allow Change to Printed Transactions" in Receivables System Options.
• B.Modify the Invoice Print Layout Bill Presentment Template.
• C.Extend the "Print Receivables Transactions" program.
• D.Use Web Services to integrate with an external system that can handle this requirement.