1Z0-518 Online Practice Questions and Answers

Select three statements that apply to IReceivables. (Choose three.)

A. It Is a Web-based self-service application.

B. It can be used to verify the status of Invoices and receipts.

C. It is geared towards call centers, as well as credit and collections departments.

D. It can be used to initiate the Oracle Approvals Management (AME) credit memo request workflow.

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

A. Billing date is an optional grouping rule.

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

C. Accept Consolidated Billing Invoices program is available.

D. Print New Consolidated Billing Invoices program is available.

E. It considers both manual transactions and imported transactions.

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

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 customer credit classifications

B. various credit review types identified by collectors

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

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

Identify three purposes for which transaction types can be used. (Choose three.)

A. to record how cash can be applied to transactions

B. to set whether AutoInvoice validates transactions using IDs or values

C. to set whether transactions affect the Accounts Receivable (AR) customer balances

D. to record the accounting flexfield value that would be used for the cash account for transactions

E. to record the accounting flexfield value that would be used for the receivable account for transactions

F. to set transaction numbers to be either assigned automatically or entered manually for transactions

How many data source views can you register for the Lines data source in Bill Presentment Architecture?

A. five

B. one

C. nine

D. seven

XYZ Company has disabled the Receivables Profile Option "AR: Disable Receivable Activity Balancing Segment*. What must be defined In order for the General Ledger Transfer process to execute without error?

A. gain account

B. revenue account

C. expense account

D. rounding account

E. suspense account

Select four processes that are facilitated by the credit management workflow. (Choose four.)

A. gathering prospect credit data

B. analyzing prospect credit data

C. gathering organization account credit data

D. implementing credit decisions for individuals

E. implementing credit decisions for organizations

F. analyzing customer account credit data for Individuals

There are several setup steps for receipts in Oracle Receivables; some are required whereas others are optional.

Which two setup steps are optional? (Choose two.)

A. Define receipt classes.

B. Define receipt methods.

C. Define receipt sources.

D. Define AutoCash rule sets.

E. Define application rule sets.

ABC Company is Implementing Oracle Financials. The finance manager wants to set up a control point before the Receivables entries are transferred to General Ledger.

Which two statements are correct about the control mechanisms that Receivables can provide? (Choose two.)

A. Oracle approval limit can be used to approve or reject the invoices.

B. Oracle approval limit can be used to approve or reject the credit memos.

C. Oracle approval limit can be used to approve or reject the adjustment activities.

D. Oracle Approvals Management (AME) Workflow can be used to approve or reject the Invoices.

E. Oracle Approvals Management (AME) Workflow can be used to approve or reject the credit memos.

F. Oracle Approvals Management (AME) Workflow can be used to approve or reject the adjustment activities.

In order for supplementary data sources to be registered in Oracle Bill Presentment Architecture (BPA), they must be interfaced with which Oracle Application?

A. Oracle Projects

B. Oracle Receivables

C. Oracle Service Contract

D. Oracle Order Management

You have logged In to the Oracle E-Business Suite Release 12 Instance and accessed your worklist. You see four FYI notifications in your default Worklist view. You opened the first notification and clicked the "OK" button after reviewing the content.

Identify three things that can happen after you return to your worklist. (Choose three.)

A. You see four notifications in your worklist.

B. You see three notifications in your worklist.

C. Status of the first notification has been updated to "Delete."

D. Status of the first notification has been updated to "Closed."

E. You can view the first notification by choosing the "All Notifications" view from your worklist.

F. You can view the first notification by choosing the "FYI Notifications" view from your worklist.

Identify the profile option that Is required to enable Multi-Org Access Control for multiple Operating Units.

A. HR: User Type

B. MO: Operating Unit

C. MO: Security Profile

D. HR: Business Group

E. MO: Default Operating Unit

Which three statements are true about Oracle Workflow and Oracle Alerts? (Choose three.)

A. Alerts can perform only one action.

B. Workflow can support complex conditional

C. Alerts can be configured for any frequency of occurrence.

D. Workflows can wait for a user response during an activity.

E. Alerts can perform multiple actions in a sequence that you specify.

F. Alerts run only when a database record is either updated or created

What are the three elements involved in submitting a concurrent request? (Choose three.)

A. selecting Operating Unit

B. selecting report language

C. providing completion option

D. defining a submission schedule

E. selecting the request or request set to be submitted

Identify two options that users can specify using Multi-Org preferences. (Choose two.)

A. set up the default Operating Unit

B. set up frequently accessed responsibilities

C. set up date, currency, and number formats

D. set up frequently accessed forms and webpages

E. set up the access to a limited list of Operating Units