1z0-1056-23 Questions Bank

Manage Aging Methods

Scenario

Your organization needs to create their own a-bucket aging method for reporting purposes.

Task

Create a new 4-bucket Aging Method in the Collections application, where:

• Name Of the aging method is XXAging Method (Replace XX with 03, which is your allocated User ID.)
• Aging method is accessible to all business units
• Aging buckets are 45 days apart
• Last bucket is 91 days

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:

• Name of the payment term is XXNet 30 (Replace XX with 03, which is your allocated user ID.)
• Payment terms are accessible to all business units
• Discounts are applicable to the full invoice amount
• Discounts are applicable even when the customer does not send a full payment
• Payment terms are effective as of January 1. 2023