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The Oracle 1z0-1056-22 certification is beneficial for professionals who want to demonstrate their expertise in Oracle Financials Cloud: Receivables 2022 implementation. The certification is recognized globally and is a validation of the candidate’s knowledge and skills in managing the accounts receivable process, creating and managing invoices, managing revenue and taxes, and managing bills receivable. The certification is also beneficial for organizations as it helps them identify professionals who have the necessary skills to manage their financials.
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One of the key benefits of earning the Oracle 1z0-1056-22 Certification is that it allows professionals to demonstrate their expertise in implementing the Oracle Financials Cloud: Receivables 2022. This certification is highly valued by organizations that use Oracle applications, as it assures them that the certified professional has the skills and knowledge required to implement this complex software solution.
The Oracle 1z0-1056-22 certification exam covers a range of topics related to Oracle Financials Cloud Receivables 2022, including customer management, invoice management, revenue recognition, and collections. As an Oracle Certified Implementation Professional, you will have the knowledge and skills to implement and configure Oracle Financials Cloud Receivables 2022 in a variety of business environments.
Oracle Financials Cloud: Receivables 2022 Implementation Professional Sample Questions (Q144-Q149):
NEW QUESTION # 144
You are configuring tax for Receivables to cash transactions.
Which two additional Party types can be selected only in the Tax engine for Receivables Transactions to identify the place of supply? (Choose two.)
- A. Ship-from party
- B. Bill-to party
- C. Ship-to party
- D. Point of origin party
- E. Point of acceptance party
Answer: A,D
NEW QUESTION # 145
Upon approval of a remittance batch of type “Factored with Recourse,” the Receivables application creates a receipt and establishes risk.
How does Receivables establish risk?
- A. by recording short-term debt
- B. by recording an entry to the Remitted Bills Receivable account
- C. by generating a bills receivables adjustment
- D. by creating an on-account credit memo
Answer: C
NEW QUESTION # 146
Which statement is true about Balance Forward Billing?
- A. The Balance Forward Bill of a previous cycle need not be generated as Final to generate the Balance Forward Bill of the current cycle.
- B. Balance Forward Bills must be enabled at each bill-to-site level.
- C. Transactions included on a Balance Forward Bill can be updated.
- D. Balance Forward Bills can be created for a future date.
Answer: B
NEW QUESTION # 147
When you move revenue on an invoice line from an unearned account to an earned revenue account, Receivables ______________.
- A. removes the pending sales credits
- B. leaves the invoice line revenue contingencies until Reconcile Revenue Contingencies is run
- C. removes the invoice line revenue contingencies
- D. leaves the invoice line revenue contingencies until Automatic Revenue Recognition is run
Answer: C
NEW QUESTION # 148
Which two are Late Charge Calculation Methods?
- A. Adjustment
- B. Credit Items and Disputed Transactions
- C. Late Payments Only
- D. Overdue Invoices Only
Answer: C,D
Explanation:
https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_9F953CFFF569FA73E040D30A688151DC
NEW QUESTION # 149
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