Free Oracle 1Z0-1056-24 Exam Dumps Questions & Answers

Which setup is required to ensure that the same tax is applied on both intercompany payable and intercompany receivable invoices?

• A.  Intercompany invoicing must be enabled in Receivables System Options.
• B.  Receiver and provider business units and legal entities must be subscribed to the applicable tax regime on the transaction date.
• C.  Intercompany invoicing must be enabled in Payables Invoice Options.
• D.  Same tax rate code must be populated in Intercompany System Options for both Payables and Receivables invoices.

Your customer upload batch completes with an error and you identify the error as being due to incorrect payment method.
Which action should you take the resolve the Issue?

• A.  Troubleshoot In the Manage Customers page.
• B.  Use the Customer Payment Method Exceptions spreadsheet.
• C.  Correct error and resubmit the batch.
• D.  Use the Customer Data Exceptions spreadsheet.

A client has implemented a revenue policy with time-based contingencies. An invoice for a creditworthy customer is imported and one of the invoice lines is associated with both a nonstandard refund policy (60 days) and an acceptance clause (100 days).
When will revenue be recognized?

• A.  only after manual intervention
• B.  after 60 days
• C.  immediately
• D.  after 100 days

Which statement is true about AutoAccounting?

• A.  AutoAccounting is used to determine the default General Ledger accounts only for transactions that you import by using AutoInvoice.
• B.  IfAutoAccounting cannot determine all the accounting flexfield segments, it derives what it can and displays an incomplete accounting flexfield.
• C.  You cannot override the default General Ledger accounts thatAutoAccounting creates.
• D.  AutoAccounting is set up at the Legal Entity level.

You are a functional user who has been tasked with creating an Oracle Transactional Business Intelligence (OTBI) analysis. You are still learning how to use OTBI, and the analysis you need to create is not complex.
Which tool should you use to create this analysis?

• A.  BI Answers
• B.  BI Publisher
• C.  BI Composer
• D.  Dashboard Builder