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1z0-1056-21 – Oracle Financials Cloud: Receivables 2021 Implementation Essentials

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Showing 7–9 of 10 questions

Question 7

Debit Memo Reversal is a new receivable that replaces the item closed by the original receipt.

When should the Debit Memo Reversal method be used to reverse a receipt?

Select an option, then click Submit answer.

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    You are reversing a receipt that you previously applied to a chargeback and this chargeback was not accounted.
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    You are reversing a receipt that you previously applied to a chargeback and this chargeback was posted to your general ledger.
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    You are reversing a receipt that you previously applied to a chargeback and this chargeback has had no activity (another receipt or credit memo or adjustment) against it.
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    You are reversing a Miscellaneous receipt.
Question 8

Which role provides access to Receivables – Revenue Adjustments Real Time OTBI Subject area?

Select an option, then click Submit answer.

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    Revenue Manager
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    Accounts Receivable Manager
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    Accounts Receivable Specialist
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    Billing Specialist
Question 9

A business entity (your client) sells a computer, monitor, keyboard, and mouse as a single package to consumers. The entity has identified that this bundle is a distinct performance obligation.

How would you configure the Performance Obligation Identification Rule to ensure correct grouping of these items?

Select an option, then click Submit answer.

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    by defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute
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    by defining a grouping rule on the customer class
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    by defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain the same value for that attribute
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    by defining an item group and assigning that to the rule
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    by defining an exclusion rule to exclude customer classes that are "Retail"