Oracle Financials Cloud: Receivables 2023 Implementation Professional: 1Z0-1056-23

What do you need to total in order tofind the total transaction price for a customer contract that is calculated by Revenue Management?

A. the extended SSP amounts for all performance obligations in the customer contract

B. the SSP amounts for all performance obligations in the customer contract

C. the selling price for all performance obligations in the customer contract

D. the allocated amount for all performance obligations in the customer contract

E. the billing amount for all performance obligations in the customer contract

You are an IT contractor for a client who wants to increase internal controls on bank accounts set up in the Cash Management application. According to their new policy, a Cash Manager s ability to add. review, or make changes to bank accounts must be regionalized and restricted by their org structure.

Which statement is true about the restrictions applied to the setup?

A. Cash Managers can create and manage bank accounts for only those legal entities to which they are given access.

B. Cash Managers can create and manage bank accounts for only those business units to which they are given access.

C. Cash Managers can only create but not manage bank accounts for those legal entities to which they are given access.

D. Cash Managers cannot create but only manage bank accounts for those legal entities to which they are given access.

Manage Balance Forward Billing Cycles and Payment Terms

Scenario

You are a consultant for a client who is implementing the Balance Forward Billing feature in Oracle Financials Cloud. You have been asked to define Balance Forward Billing Cycle as well as Balance Forward Billing Payment Terms so that your client can generate consolidated bills.

Task:

Define Balance Forward Payment Terms, where:

1.

Name of the payment term is XXNet 30 (Replace XX with 03, which is your allocated user ID.)

2.

Payment terms are accessible to all business units

3.

Discounts are applicable to the full invoice amount

4.

Discounts are applicable even when the customer does not send a full payment

5.

Payment terms are effective as of January 1. 2023

A. See the explanation below for solution.

B. PlaceHolder

C. PlaceHolder

D. PlaceHolder