Free Oracle 1z0-1056-23 Exam Dumps Questions & Answers

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?

• A.  Process Lockbox Receipts and Remittance References
• B.  Process Lockbox Receipts
• C.  Process Receipts and Remittances through Lockbox
• D.  Process Receipts through Lockbox

Your organization has decided to use the Portal Upload delivery method for some of their customers. You will be using this in place of other options, such as Print Email, or XML to deliver customer invoices.
Which step must be performed in the system to deliver transactions to your customers by using the Portal Upload method?

• A.  Create a custom-preferred delivery method in the Manage Receivables System Options task in Functional Setup Manager.
• B.  Create a custom preferred delivery method in the Manage Receivables Lookups task in Functional Setup Manager.
• C.  Select Portal Upload as a delivery method on Customer Profile under Statement and Dunning.
• D.  Run the Create Customer Statement process in Scheduled Processes.
• E.  Select Portal Upload as a delivery method on Customer Profile under Invoicing.

Manage Transaction Types
Scenario
A US based company acquired on January 1. 2023. requires Supremo US Business Unit to capture invoices in Oracle Financials Cloud.
Task:
Define a new Transaction Type for the class invoice, where:
* Name of the transaction type is XXinvoice (Replace XX with 03.which is your allocated User ID.)
* Customer bills assigned to this transaction type must be printed
* Transaction type is meant for billing transactions With open balances
* Balances need to be maintained for invoices associated with this
transaction type
* Freight charges must be allowed
* Cash applications to invoices assigned to this transaction type must not exceed the invoice balance due
* Invoices associated with this transaction type must be accounted for in the General Ledger application.
* Revenue GL account 41000 should be assigned as a reference account for the business unit in question and the company segment must be 120 Supremo Fitness See the explanation below for solution.

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?

• A.  Accounting Variance
• B.  Tax Variance
• C.  Receivables Variance
• D.  Intercompany Variance

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