1Z0-1056-22 Online Practice Questions and Answers

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?

A. One per Customer per due date

B. One per Customer

C. One per site per due date

D. One per invoice

Which three Infotiles can be seen in the Accounts Receivables work area? (Choose three.)

A. Activities

B. Unapplied Receipts

C. Unapplied Credits

D. Receipt Batches

E. Unidentified Receipts

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-to party

B. Ship-from party

C. Point of origin party

D. Point of acceptance party

E. Bill-to party

What are the three seeded contract configuration rules that Revenue Management provides to automatically create contracts? (Choose three.)

A. by Quote Number and time frame

B. by Source Document and time frame

C. by Item and time frame

D. by Customer and time frame

E. by Source Document Line andtime frame

You are asked to amend subledger accounting and reporting to include origin and history of Receivable transactions.

Which three event attributes should be used? (Choose three.)

A. Transaction number of amendments:

B. Transaction created by

C. Transaction last update date

D. Transaction creation date

E. Transaction type of update

The auto-invoice program fails to complete. Subsequently, you notice a message in the log file regarding insufficient memory for processing.

To resolve this issue, by what factor should you multiply the maximum number of imported records (rounded to the nearest whole number)?

B. 1012

C. 65535

D. 1

E. 1024

In whatthree ways will changing customer information impact the collection process? (Choose three.)

A. Changing information on the Profile tab does not have an impact on the level at which collections are done.

B. Adding or modifying customer contact name on theContacts tab impacts where the correspondence is sent.

C. Making changes on the Profile tab impacts the collection process.

D. Business-unit-level changes will not impact the display of delinquent customers on the dashboard.

E. Changing the Collector impacts the individual working with the delinquent customer.

Which statement is true about AutoAccounting?

A. AutoAccounting is set up at the Legal Entity level.

B. IfAutoAccounting cannot determine all the accounting flexfield segments, it derives what it can and displays an incomplete accounting flexfield.

C. AutoAccounting is used to determine the default General Ledger accounts only for transactions that you import by using AutoInvoice.

D. You cannot override the default General Ledger accounts thatAutoAccounting creates.

Which two statements are true about configuring Collection Strategies?

A. You need to create Scoring Formulae (or usepredefined Scoring Formulas).

B. You need to define an Aging Method that meets the requirements of your organization.

C. You need to SGI the (Collections Method to Strategies for the relevant business unit.

D. You need to create Strategy Tasks of the type "Automatic" only.

A company's policy is always to apply customer payments to debit and credit items, starting with the oldest due date. Which function should you include in the default Auto-cash rule?

A. Clear the past due invoices grouped by payment terms

B. Clear the account

C. Match payment with Invoice

D. Apply to the oldest invoice first

E. Clear past due invoices