Question 1

it has been decided that when processing customer payments using lockbox one customer can pay for another customer's transaction. Which two steps will help achieve this?

Options :

A : Select the Allow payment of unrelated transactions Receivables System Option.

B : Define a relationship between the two customer accounts.

C : Define a netting agreement between the two customer accounts.

D : Define a business purpose of invoice to each customer address.

E : Define and share a cash pool bank account between the customers.

Answer: A,B

Question 2

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?

Options :

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

Answer: D

Question 3

Which two statements are true about configuring Collection Strategies?

Options :

A : You need to create Scoring Formulae (or use predefined 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.

Answer: A,D

Question 4

A Cloud customer has decided to use Custom data points loaded by using REST API for Credit Management setup.After creating Custom data point definitions, which three data point values need to be provided to successfully create a new value? (Choose three.)

Options :

A : Account Number or Party Number

B : Currency code

C : Data Point ID

D : Data Point Description

E : Data Point Lookup

Answer: A,B,C

Question 5

Which three receipts can be automatically applied by the 'Apply Receipts Using AutoMatch' process?

Options :

A : Receipts that are manually created.

B : Miscellaneous receipts.

C : Receipts created from a lockbox and uploaded.

D : Receipts created in a spreadsheet and uploaded.

E : Receipts with unapplied amounts.

Answer: A,C,D

Free 1Z0-1056-26 Mock Exam – Practice Online Confidently

Buying Options: