1Z0-1056-21 Online Practice Questions and Answers

A Billing Specialist runs the Create Automatic Billing Adjustments program to automatically adjust the

remaining balance on open invoices, but some of the amounts have exceeded the Billing Specialist's

approval limits.

What would be the result?

A. The program creates the adjustments with a status of Pending Approval for the amount that exceeds the Billing Specialist's approval limits.

B. The program can be run only if the amount is within the Billing Specialist's approval limits.

C. The program creates the adjustments with a status of Rejected for the amount that exceeds the Billing Specialist's approval limits.

D. The program creates the adjustments only for the amounts within the Billing Specialist's approval limits.

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?

A. scheduled processes

B. system privileges

C. user application privileges

D. the employees who are involved with the collections process and how the collectors will be assigned

E. customer contact information

How can a Collector assigned to a Customer modify a strategy that is assigned from the Collections Dashboard?

A. A strategy is automatically assigned based on Scoring and cannot be manually assigned to a Customer by a Collector.

B. Only a Collections Administrator can modify the strategy.

C. The Collector can modify the strategy from the Profile > Strategies tab.

D. The strategy can be modified from the Manage Customers page.

Your customer wants to override the calculated tax line amount for their receivable transaction. What steps should the customer perform to ensure that only one of their employees has this privilege?

A. Enable "Allow override of calculated tax lines" within the tax configuration owner options for the receivable invoice event and grant the employee the "Tax Manager " data role.

B. Enable the "Allow tax rate override" and "Allow manual tax lines" profiles at the user level, set, the value to Yes for the selected employee, and grant the "Tax Manager " data role to the employee.

C. Enable "Allow override of calculated tax lines" within the tax configuration owner options for the receivable invoice event and set the "Transaction Tax Line Override" profile option to Yes for the selected employee.

D. Set the "Transaction Tax Line Override" profile option to Yes for the selected employee and assign the employee the "Tax Manager " data role.

E. Enable "Allow override of calculated tax lines" within the tax configuration owner options for the receivable application and create a tax rule to grant this privilege only to the selected employee.

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.

A. Business unit is not a required option on the Parameters tab to run the delinquency process.

B. Only business units that the user has access to will appear in the list of values. Modify the security options to provide access to the user.

C. Select the check box to enter the default business unit if it does not appear in the drop-down menu.

D. Click the Settings button to apply appropriate settings so that the business unit appears in the drop-down menu.

You schedule print runs of transactions and balance forward bills according to the needs of your

enterprise.

Which three statements are true? (Choose three.)

A. It is not recommended to print transactions and balance forward bills directly from BI Publisher.

B. If you have printed a transaction, the View Print button will not display a preview of the print.

C. If you have not printed a transaction, the View Print button (Preview of Print) displays the transaction according to the default template in BI Publisher.

D. It is recommended that you always print directly from BI Publisher to give you more control over the templates in case you need to change them.

E. Both the transaction, or each transaction in a balance forward bill, will be marked as printed in the system.

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. 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.

B. 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.

C. Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.

D. Time-based contingencies must not expire before the contingency can be removed and revenue recognized.

E. Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized.

If a receipt cannot be automatically matched or transaction information is not available, Receivables can

use the AutoCash rule set.

In which three places is the rule set found? (Choose three.)

A. System Options

B. Receipt Class

C. Customer Site

D. Receipt Method

E. Customer Account

Your customer upload batch completes with an error and you identify the error as being due to incorrect

payment method.

Which action should you take the resolve the Issue?

A. Use the Customer Data Exceptions spreadsheet.

B. Use the Customer Payment Method Exceptions spreadsheet.

C. Troubleshoot In the Manage Customers page.

D. Correct error and resubmit the batch.

Which configuration step is required for processing Collections disputes?

A. Define Aging Method to be used with disputed transactions.

B. Define Dispute Thresholds in Collections Preferences.

C. Set "Send Dispute Notice" Option to "Yes" in Collections Preferences.

D. Define a "Collections" Approval Group as well as a "Billing" Approval Group in the BMP Worklist.