Oracle Financials Cloud: Receivables 2019 Implementation Essentials (1Z1-1056) Free Practice Test

Question 1

Which four output file types are available when you run the "Print Receivables Transactions" program?

A. Zipped PDFs

B. HTML

C. Excel

D. JPG

E. Word

F. PDF

Correct Answer: A,B,C,F

Question 2

Which statement is true when you create an Implementation Project for Oracle Financials Cloud?

A. You must plan your Implementation Project carefully because you cannot delete it or make changes later.

B. You must select the offering "Financials" and each individual product or option to perform the setup for each product in Oracle Financials Cloud.

C. When you select the offering "Financials," it automatically allows you to perform the setup for all Oracle Financials Cloud products.

D. You need to make only the project name unique, and then you can perform the setup for any product family, such as Financials, Procurement, Human Capital Management, and Supply Chain Management.

E. The Implementation Project is preconfigured and cannot be deleted or changed.

Correct Answer: D

Question 3

Your customer wants to retrieve values for the Line of Business segment based on Customer Class for the Revenue account.
Which option would you use to achieve this with the help of the Subledger Accounting solution?

A. Description Rule

B. Mapping Set

C. Supporting References

D. Transaction References

Correct Answer: C

Question 4

Which two Collection Preferences can be selected as the default transaction class for the Transaction tab?
(Choose two.)

A. Debit Memo

B. Deposit

C. Credit Memo

D. Charge Back

E. Guarantee

Correct Answer: A,C

Question 5

Your customer has three business units. The customer wants to share customer account addresses across these business units.
Which reference data set can be used to achieve this?

A. Assign an enterprise reference data set to the business units, which share the account addresses.

B. Create a new reference data set for account addresses and assign it to the business units.

C. Assign a COMMON reference data set to the business units, which share the account addresses.

D. Create a separate reference data set for each business unit and assign it to each unit.

Correct Answer: C

Question 6

Identify the receivables system option that relates to customers.

A. Default Country

B. Reciprocal Customer

C. Automatic Site Numbering

D. Receipt Method

Correct Answer: A,D

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Oracle Financials Cloud: Receivables 2019 Implementation Essentials (1Z1-1056) Free Practice Test