Oracle 1Z0-1056-21 Exam Questions & Answers

Which method is used to allocate total transaction price across performance obligations in Revenue Management?

A. Two Step Allocation Method

B. Inverted Allocation Method

C. Alternative Allocation Method

D. Relative Allocation Method

E. Residual Allocation Method

A Billing Specialist has created and completed an invoice for $100 USD for Customer A. The Specialist

prints the invoice and realizes that the invoice should have been created for Customer B. The accounting

for the transaction for Customer A is posted to the General Ledger.

How can this be corrected?

A. Create an adjustment for the entire amount and create a negative adjustment for Customer B.

B. Create an on-account credit memo for $100 USD for the invoice and enter a new invoice for Customer

B.

C. Change the status of the invoice to Incomplete and enter a new invoice for Customer B.

D. Navigate to the credit transaction link in the Billing work area, credit the entire amount, and enter a new invoice for Customer B.

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.