Oracle 1z0-1056-23 Value Pack (Frequently Bought Together)

You created a new enterprise structure in the Cloud for a single country. In the structure, there are two legal entities: a single ledger and two business units (representing two warehouses, each owned by one of the legal entities). The tax regulations are common between the legal entities.
When assigning the tax regime to parties, what should you do to share all setup for Tax?

• A. Assign one legal entity to Global Configuration and one legal entity to Party Specific Configuration.
• B. Assign the ledger to Global Configuration Owner.
• C. Assign one legal entity to Global Configuration and one business unit to First Party Configuration with Party Overrides.
• D. Assign two business units to First Party Configuration with Party Overrides.
• E. Assign both business units to Global Configuration Owner.

When deciding how to set up the system to recognize revenue, it is important to understand the extent of revenue deferral and the subsequent timing of revenue recognition.
Which two statements are true when you consider that recognition depends on the nature of the contingency?

• A. Time-based contingencies can expire, but the contingency will have to be removed manually before the revenue is recognized if payment is not due yet.
• B. Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.
• C. Pre-billing customer acceptance clauses require the recording of customer acceptance in the feeder system, or its expiration, before importing into Receivables for invoicing. Customer acceptance or its expiration must occur before the contingency can be removed and the order can be imported into Receivables for invoicing.
• D. Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized.
• E. Time-based contingencies must not expire before the contingency can be removed and revenue recognized.

Which flexfields does Autolnvoice require to identify transactions and transaction lines, if you load the interface using a customized form?

• A. Line-level transaction flexfield. Header-level transaction flexfield. and Reference flexfield
• B. Line-level transaction flexfield, Invoice transaction flexfield. Reference flexfield. and Link to transaction flexfield
• C. Line-level transaction flexfield and Header-level transaction flexfield
• D. Line-level transaction flexfield. Header-level transaction flexfield. and Link to transaction flexfield

In Collections, strategies can be executed based on the wait times defined on a strategy task. When the feature is enabled, you can also assign wait times for strategies based on their transaction type. Which condition must be set for the transaction level when defining a new strategy task by transaction type?

• A. Days Early
• B. DaysLate
• C. Time
• D. Not Applicable