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Note! 1z0-1056-22 has been withdrawn. The new exam code is 1z0-1056-23

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1z0-1056-22 Questions and Answers

Question # 1

As an implementer, while importing data from the legacy/third-party system, you forgot to populate the accountingdistribution in the RA_INTERFACE_DISTRIBUTIONS_ALL table.

What happens when you run accounting?

A.

It will return an error and the data will be stuck in the interface table.

B.

Neither invoice nor accounting will be created.

C.

Invoice will get created but accounting won’t be created.

D.

Invoice will be created and the system will use auto accounting configuration to create accounting.

Question # 2

A company’s policy is always to apply customer payments to debit and credit items, starting with the oldest due date.

Which function should you include in the default Auto-cash rule?

A.

Clear the past due invoices grouped by payment terms

B.

Clear the account

C.

Match payment with Invoice

D.

Apply to the oldest invoice first

E.

Clear past due invoices

Question # 3

The Business Intelligence repository contains metadata that defines columns, which you caninclude in an analysis.

Which three types of columns are available when you create or edit an analysis? (Choose three.)

A.

Hierarchy

B.

Function

C.

Fact

D.

Attribute

E.

Sum

Question # 4

Which two statements are true about processing Receivables adjustments that impact tax amounts?

A.

Receivables can look at invoice and retrieve the tax rate code.

B.

There is no need to retrieve the tax rate code.

C.

Receivables can look at the adjustment activity and retrieve the tax rate code.

D.

Receivables can look at System Options and retrieve the tax rate code.

Question # 5

Which two are Late Charge Calculation Methods?

A.

Credit Items and Disputed Transactions

B.

Late Payments Only

C.

Adjustment

D.

Overdue Invoices Only

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