Oracle Financials Cloud: Receivables 2018 Implementation Essentials can feel demanding because it measures both knowledge recall and practical decision-making. With 80 1Z1-1006 practice questions from Actual4dump, you can turn a broad syllabus into repeated, manageable review sessions.

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Oracle 1Z1-1006 Exam Overview:

Oracle 1Z1-1006 Exam Syllabus Topics:

FAQs for Oracle Financials Cloud: Receivables 2018 Implementation Essentials Candidates

Oracle Financials Cloud: Receivables 2018 Implementation Essentials Sample Questions:

Question 1

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

A. The Clearing Company Balancing Lines appear in the Intercompany Reconciliation Summary Report.
B. The Reconciliation Period Summary Report shows the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature.
C. 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.
D. The Transaction Summary Report shows only transactions with a status of received.
E. You need to submit the Extract Intercompany Reconciliation Data job.

Question 2

A customer calls the Accounts Receivables department and asks for the balance of all invoices that are due in the next 30 days. The customer also has a question about a specific invoice line.
As a Billing Specialist, which action would you take?

A. Apply, reverse, or process the receipt.
B. Search for the information in the Review Customer Account Details user interface.
C. Create an open debit memo.
D. Search for open invoices on the Manage Transaction search page.

Question 3

When deciding how to set up the system to recognize revenue, it is important to understand the extent of revenue deferral and the subsequent timing of revenue recognition.
Which two statements are true when you consider that recognition depends on the nature of the contingency?
(Choose two.)

A. Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized.
B. Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.
C. Time-based contingencies can expire, but the contingency will have to be removed manually before the revenue is recognized if payment is not due yet.
D. Time-based contingencies must not expire before the contingency can be removed and revenue recognized.
E. Pre-billing customer acceptance clauses require the recording of customer acceptance in the feeder system, or its expiration, before importing into Receivables for invoicing. Customer acceptance or its expiration must occur before the contingency can be removed and the order can be imported into Receivables for invoicing.

Question 4

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?

A. Create a separate reference data set for each business unit and assign it to each unit.
B. Create a new reference data set for account addresses and assign it to the business units.
C. Assign a COMMON reference data set to the business units, which share the account addresses.
D. Assign an enterprise reference data set to the business units, which share the account addresses.

Question 5

A Billing Specialist creates an adjustment for an incorrect invoice that exceeds a user's approval limit.
What is the status of the adjustment?

A. Forwarded for Approval
B. Approval Required
C. Pending Approval
D. Pending Research

Solutions: