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1z0-1056-20 – Oracle Financials Cloud: Receivables 2020 Implementation Essentials

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Showing 1–3 of 10 questions

Question 1

Which two statements are true when you are using the Intercompany Reconciliation Process? (Choose two.)

Select all that apply, then click Submit answer.

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    The Transaction Summary Report shows only transactions with a status of received.
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    The Clearing Company Balancing Lines appear in the Intercompany Reconciliation Summary Report.
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    The Reconciliation Period Summary Report shows the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature.
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    The ledger balancing lines are generated when the primary balancing segment value is in balance but either the second balancing segment or the third balancing segment is out of balance.
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    You need to submit the Extract Intercompany Reconciliation Data job.
Question 2

You created a bills receivable that is factored with recourse and applied a wrong receipt to the short-term debt before the bill maturity date plus the risk elimination days.

Which actions are true? (Choose two.)

Select all that apply, then click Submit answer.

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    If the bills receivable is recalled before the maturity date, the status of the bills receivable is updated to Protested.
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    If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Hold.
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    If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Recall.
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    If the bills receivable is recalled before the maturity date, the status of the bills receivable is updated to Pending Remittance.
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    If the bills receivable is recalled after the maturity date, the status of the bills receivable is updated to Unpaid.
Question 3

Which two determinant types are used in reference data assignment? (Choose two.)

Select all that apply, then click Submit answer.

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    Business Unit
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    Account Segment
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    Project Segment
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    Project unit