Oracle 1z0-1056-23 Dumps

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?

You are investigating the Receivables to General Ledger Reconciliation report and must explain any variances to your Accounting Manager.

What two variance amounts should you expect to investigate in this report?

Your organization is looking to adopt a flexible approach to control the creation of claims investigation when the lockbox files contain invalid positive remittance references. This feature helps manage lockbox files that encounter invalid transaction numbers for receipts with customer assignment.

When this option is enabled in the Manage Receivables System Options task, which process must be run in Scheduled Processes to process Lockbox Receipts with invalid transaction referenced?

Which flexfields does Autolnvoice require to identify transactions and transaction lines, if you load the interface using a customized form?

After creating Receivables Activities using the General Ledger Rapid Implementation workbook upload process a Receivables Manager wants to review and make changes if required, to the account assignments created for these Receivables Activities.

Which two Receivables Activities DO NOT have account assignments to review and change?

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

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:

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

Manage Balance Forward Billing Cycles and Payment Terms

Scenario

You are a consultant for a client who is implementing the Balance Forward Billing feature in Oracle Financials Cloud. You have been asked to define Balance Forward Billing Cycle as well as Balance Forward Billing Payment Terms so that your client can generate consolidated bills.

Task:

Create Balance Forward Billing Cycle, where:

• Name of the cycle is XXCycle (Replace XX with 03. which is your allocated user ID.)
• Bills are generated every day
• Cycle is effective as Of January 1,2023