Updated Jan-2023 Exam 1z0-1056-22 Dumps – Pass Your Certification Exam [Q11-Q31]

NEW QUESTION 11
Identify the dunning letter template set provided by an application.

NEW QUESTION 12
When discussing the Receivables to Ledger Reconciliation Report with your customer, you are asked a number of questions about how to run the report.
Which statement is true?

NEW QUESTION 13
Your client performs many customer refunds and would like to search for real-time Receivables Refunds Status easily.
What should you do to meet this requirement?

NEW QUESTION 14
Your customer has three business units. The customer wants to share customer account addresses across these business units.
Which reference data set can be used to achieve this?

NEW QUESTION 15
When running the delinquency process for a customer, the business unit for which you want to run the process does not appear in the drop-down menu.
Identify the action that you need to take.

NEW QUESTION 16
If AutoAccounting is set to derive accounting segments based on a standard line, the transaction line must be either ________________ or ________________. Otherwise, AutoAccounting cannot derive a valid account code combination for revenue recognition.
Identify the two values. (Choose two.)

NEW QUESTION 17
You are not able to initiate a bankruptcy request at the customer site level on behalf of a customer.
Which two conditions are failing? (Choose two.)

NEW QUESTION 18
Which two statements are true regarding the Promise to Pay feature in the Collections application?

NEW QUESTION 19
What is the impact on transactions of changing the billing cycle for a customer or group of customers?

NEW QUESTION 20
Which two are Late Charge Calculation Methods?

NEW QUESTION 21
Which two are NOT components of a Business Intelligence Publisher report? (Choose two.)

NEW QUESTION 22
Which three actions can be performed in the Collections Work Area, which will have an impact on the collection process?

NEW QUESTION 23
Which information does the collector see after clicking on the Activities Infotile in the Collections Work Area?

NEW QUESTION 24
You are reviewing an invoice on the Review Transaction page. After clicking the Sales Credit subtab, you notice the following breakdown: Revenue Allocation and Nonrevenue Allocation.
What is a Nonrevenue Allocation?

NEW QUESTION 25
Which predefined dunning letter template is available in the Collections application

NEW QUESTION 26
In the customer hierarchy of Customer Corporation, Customer Worldwide is the parent company of Customer USA and Customer Japan. Customer West is a subsidiary of Customer USA.
Which three statements are true if the Customer Corporation hierarchy is assigned to a Pay Below Paying relationship? (Choose three.)

NEW QUESTION 27
You are investigating the Receivables to General Ledger Reconciliation Report and must explain any variances to your Accounting Manager.
What two variance amounts should you expect to investigate in this report? (Choose two.)

NEW QUESTION 28
You entered an invoice of $12500 in the receivable and created a receipt with the amount $15000 received from the customer.
How will the system react if over application is enabled in transaction type while receipt is applied to the invoice?

NEW QUESTION 29
You need to make decisions about how an application should behave, such as date ranges and defaults.
What should you consider before defining Collections Preferences?

NEW QUESTION 30
One of the customers pays its bills electronically from their bank account (Direct debit).
Which process do you need to run in Receivables to initiate the transfer of funds from their bank account to your organization’s bank account?

NEW QUESTION 31
In what three ways will changing customer information impact the collection process? (Choose three.)