1Z1-518 by Oracle Actual Free Exam Questions And Answers

Question 1

The organization that Receivables uses to validate items is set up using______.

A. the AR: Items Flexfield Mode profile option

B. the AR: Allow Manual Invoice Lines profile option

C. the AR: Item Validation Organization profile option

D. item validation organization In the OM Parameters window

Discussion 0

Correct Answer: D Vote an answer

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Question 2

Your functional end users are perplexed by the contents of the AutoInvoice Execution report. They needed expert guidance and cause to you.
You look at the report and see that the Interface Lines section of the report shows the following:
Selected: 9
Successfully Processed: 8
Failed Validation: 0
What is the likely reason for this?

A. A debit memo for an Invoice and the Invoice itself were submitted In the same batch tr\6 the debit memo Is selected first.

B. A credit memo for an Invoice and the invoice Itself are submitted In the same batch and the credit memo Is selected first.

C. An adjustment update of an old Invoice Is Included In this batch.

D. The GL code combination segment value for the cost center was valid in the prior calendar month but is end-dated a day earlier.

E. The General Ledger (GL) code combination 10 failed the cross validation rules.

Discussion 0

Correct Answer: B Vote an answer

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Question 3

Which three statements are true about Balance Forward Billing? (Choose three.)

A. Billing date value is mandatory when cycle is external.

B. Billing date is an optional grouping rule.

C. Accept Consolidated Billing Invoices program is available.

D. Print New Consolidated Billing Invoices program is available.

E. Activity can be consolidated across account sites, or by each billing site.

F. It considers both manual transactions and imported transactions.

Discussion 0

Correct Answer: A,E,F Vote an answer

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Question 4

Which two options would you use to restrict the functionality provided by a responsibility? (Choose two.)

A. constructing a new menu hierarchy

B. creating an appropriate group

C. defining rules to exclude specific functions

D. creating an appropriate role

Discussion 0

Correct Answer: A,C Vote an answer

Question 5

ABC Corporation will be implementing Oracle E-Business Suite Release 12. Purchasing, Payables, Receivables, General Ledger, Assets, Projects, Order Management and Cash Management will be implemented. Select three business flows that would involve these products. (Choose three.)

A. Procure to Pay

B. Campaign to Order

C. Order to Cash

D. Click to Order

E. Demand to Build

F. Project to Profit

Discussion 0

Correct Answer: A,C,F Vote an answer

Question 6

Event Types in Subledger Accounting Is a grouping of_______.

A. Events

B. Event Classes

C. Event Models

D. Event Entitles

E. Accounts

Discussion 0

Correct Answer: B Vote an answer

Question 7

Organizations have unique credit policies that aid for managing their collections and establishing relationships with customers.
Describe the two dimensions on which Oracle Credit Management is based. (Choose two.)

A. various analysis of customers on the basis of the aging of their outstanding balances

B. various customer credit classifications

C. various analysis of prior billing period and receipt history of customers

D. various credit review types identified by collectors

Discussion 0

Correct Answer: B,D Vote an answer

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Question 8

ABC Corp. has the following Organization Structure:
1) Legal Entity: A
2) Operating Units: B and C
3) Balancing Entities: 10, 20, and 30
Identify three correct statements regarding the Balancing Entity. (Choose three.)

A. Balancing Entity is the lowest postable unit in the Chart of Accounts.

B. There can be multiple Balancing Entities within an Operating Unit.

C. Balancing Entities can be automatically secured at the Legal Entity level.

D. Each Balancing Entity must balance within itself.

E. Balancing Entities can be secured at the Operating Unit level through Security Rules.

Discussion 0

Correct Answer: B,D,E Vote an answer

Question 9

Journal creation rules in Subledger Accounting are defined by event type and event class. Identify the event type associated with the event class of reverse.

A. chargeback

B. invoice

C. credit memo

D. receipts

E. adjustment

F. transactions

G. bills receivable

Discussion 0

Correct Answer: D Vote an answer

Question 10

What are the four required fields when defining a request set? (Choose four.)

A. Set

B. Application

C. Active Date

D. Owner

E. Set Code

F. Description

Discussion 0

Correct Answer: A,B,C,E Vote an answer

Oracle EBS R12.1 Receivables Essentials - 1Z1-518 Exam Practice Test

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