Online Access Free 1z0-1056-23 Practice Test

You are an IT contractor for a client who wants to increase internal controls on bank accounts set up in the Cash Management application. According to their new policy, a Cash Manager s ability to add. review, or make changes to bank accounts must be regionalized and restricted by their org structure.
Which statement is true about the restrictions applied to the setup?

• A.Cash Managers can only create but not manage bank accounts for those legal entities to which they are given access.
• B.Cash Managers can create and manage bank accounts for only those business units to which they are given access.
• C.Cash Managers can create and manage bank accounts for only those legal entities to which they are given access.
• D.Cash Managers cannot create but only manage bank accounts for those legal entities to which they are given access.

Manage Receipt Classes and Methods
Scenario
Supremo US Business unit needs to capture customer payments that will be reconciled in the Cash Management application. You need to define a receipt class and receipt method, and assign the appropriate bank account to meet this requirement.
Task:
Create Receipt Method. where:
* Name of the new receipt method is XXCheck (Replace XX with 03. which is your allocated User ID.)
* Receipt method must be effective as of January 1. 2023

Manage Receipt Classes and Methods
Scenario
Supremo US Business unit needs to capture customer payments that will be reconciled in the Cash Management application. You need to define a receipt class and receipt method, and assign the appropriate bank account to meet this requirement.
Task:
Create a manual Receipt Class, where:
* Name of the new receipt class is XXReceipt Class (Replace XX with 03, which is your allocated User ID.)
* Receipts using this new receipt class will not be remitted
* Organization will use Cash Management to clear their receipts

Manage Receipt Classes and Methods
Scenario
Supremo US Business unit needs to capture customer payments that will be reconciled in the Cash Management application. You need to define a receipt class and receipt method, and assign the appropriate bank account to meet this requirement.
Task:
Define Remittance Bank Account where:
* Bank Account is associated with Receipt Method
* Primary bank account is linked the Denver branch of Bank of America
* Bank account number ends with 2870
* Remittance bank account is effective as of January 1, 2023
* GL Accounts section must contain the values below for company segment 120 Supremo Fitness

it has been decided that when processing customer payments using lockbox one customer can pay for another customer's transaction.
Which two steps will help achieve this?

• A.Define a netting agreement between the two customer accounts.
• B.Select the Allow payment of unrelated transactions Receivables System Option.
• C.Define and share a cash pool bank account between the customers.
• D.Define a business purpose of invoice to each customer address.
• E.Define a relationship between the two customer accounts.