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1Z0-1006 PDF DEMO:

QUESTION NO: 1
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. system privileges
B. scheduled processes
C. customer contact information
D. the employees who are involved with the collections process and how the collectors will be assigned
E. user application privileges
Answer: D

QUESTION NO: 2
Identify two values that default from Customer Profile Classes. (Choose two.)
A. Tax
B. Payment Terms
C. Legal Entity
D. Statement Cycle
E. Business Purpose
Answer: A,B

QUESTION NO: 3
You have created two transactions with a 30-day payment term. The first transaction is on
January 29, 2015 and the second transaction is on January 31, 2015. The invoice date is the same as the system date. Both transactions are assigned an unsigned receipt method that has the lead days set to 60, number of bills receivable rule set to one per customer, and the bills receivable maturity date rule set to latest.
Which statement is true when the create bills receivable batch is processed for a customer on
January 31, 2015?
A. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as
February 28, 2015.
B. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as
March 2, 2015.
C. Two Bills Receivable transactions are created with the issue dates as January 29, 2015 and January
31, 2015.
D. Two Bills Receivable transactions are created with maturity dates as March 30, 2015 and April 1,
2015.
E. Two Bills Receivable transactions are created with the issue date and accounting date as January
29, 2015 and January 31, 2015, respectively.
F. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as
March 30, 2015.
Answer: F

QUESTION NO: 4
In what three ways will changing customer information impact the collection process? (Choose three.)
A. Making changes on the Profile tab impacts the collection process.
B. Business-unit-level changes will not impact the display of delinquent customers on the dashboard.
C. Changing the Collector impacts the individual working with the delinquent customer.
D. Adding or modifying customer contact name on the Contacts tab impacts where the correspondence is sent.
E. Changing information on the Profile tab does not have an impact on the level at which collections are done.
Answer: A,C,D

QUESTION NO: 5
To meet the business needs of most organizations, "Common Set" is seeded InFusion for all set-enabled objects with the exception of _________________.
A. AutoMatch Rule Sets
B. Aging Methods
C. AutoCash Rules
D. Customer Site
E. Revenue Scheduling Rules
Answer: D

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Updated: May 28, 2022