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  2. Oracle Certification
  3. 1z0-1056-23 Exam
  4. Oracle.1z0-1056-23.v2024-03-06.q11 Dumps
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Question 6

In Collections, strategies can be executed based on the wait times defined on a strategy task. When the feature is enabled, you can also assign wait times for strategies based on their transaction type. Which condition must be set for the transaction level when defining a new strategy task by transaction type?

Correct Answer: A
Explanation
This is the condition that must be set for the transaction level when defining a new strategy task by transaction type. DaysLate is the number of days that a transaction is past due. You can use this condition to execute strategies based on how overdue a transaction is. Verified References: [How You Define Strategy Tasks by Transaction Type - Oracle]
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Question 7

Which three receipt types can be reversed in the Cloud?

Correct Answer: B,C,E
Explanation
These are the three receipt types that can be reversed in the Cloud. Receipts applied to open receipts and receipts that are archived cannot be reversed. Verified References: [How You Reverse Receipts - Oracle]
Topic 1, Performance Based Questions
"Member Insights"

"Transaction Analysis"

Confirm the Oracle Applications Cloud Version


Note: The Oracle Applications Cloud environment might take some time to launch.
1. Click on the Settings and Actions menu under your profile in the Oracle Applications Cloud window.

2. Click on About This Application in the Settings and Actions menu.

3. Copy the complete version number from the About this Application
pop-up in the Oracle Application Cloud window.
4. Paste the version number in the box below.


5. Click Confirm.
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Question 8

When defining the receipt method for automatic receipt processing, the business requirement is to produce the minimum number of payments.
Which receipt rule should you define?

Correct Answer: C
Explanation
This is the receipt rule that should be defined to produce the minimum number of payments when defining the receipt method for automatic receipt processing. This rule creates one payment per customer regardless of how many invoices or due dates exist for that customer. Verified References: [How You Define Receipt Methods - Oracle]
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Question 9

When you run Auto lnvoice. the process may generate a list of records that fail validation.
Using which two methods/features, can you display the Auto lnvoice errors in an Excel workbook?

Correct Answer: C,D
Explanation
To display the Auto Invoice errors in an Excel workbook, you can use either of these methods/features:
* The Import Exceptions Infotile in the Billing work area, which shows the number of records that failed validation and allows you to export them to Excel.
* The Manage Auto Invoice Lines task in the Billing work area, which enables you to search for and view import errors and export them to Excel. The other options are not correct because:
* The Incomplete Infotile shows the number of incomplete transactions, not import errors.
* The Manage Transactions task allows you to create and update transactions, not view import errors.
Verified References:
https://docs.oracle.com/en/cloud/saas/financials/23b/faofc/manage-autoinvoice.html#FAOFC-GUID-D0F4
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Question 10

As an implementer. while importing data from a legacy/third-parly system, you forgot to populate the accounting distribution in the RA_INTERFACE_DlSTRIBUTIONS_ALL table. What happens when you run accounting?

Correct Answer: C
Explanation
This is what happens when you run accounting without populating the accounting distribution in the RA_INTERFACE_DISTRIBUTIONS_ALL table. The system will use AutoAccounting to derive the accounting distribution based on your AutoAccounting rules. Verified References: [How You Import Transactions Using AutoInvoice - Oracle]
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