Download Oracle EBS R12-1 Receivables Essentials.testking.1z0-518.2020-05-06.1e.41q.vcex


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Exam Oracle EBS R12.1 Receivables Essentials
Number 1z0-518
File Name Oracle EBS R12-1 Receivables Essentials.testking.1z0-518.2020-05-06.1e.41q.vcex
Size 27 Kb
Posted May 06, 2020
Downloads 18



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Demo Questions

Question 1
To create a party paying relationship, the relationship type must be hierarchical and the party type must be _________.

  • A: child
  • B: parent
  • C: person
  • D: organization
  • E: person or organization



Question 2
After creating two new customers, LeftBank and RightSide, you create and complete an invoice for $105 ($100 plus $5 tax) for LeftBank. 
You immediately realize that you should have created the invoice for RightSide. 
Which three steps can you take to correct the situation? (Choose three.)

  • A: Change the status of the invoice to incomplete. Delete the invoice, and then enter and complete the invoice for RightSide.
  • B: Change the status of the invoice to incomplete. Change the customer in the invoice to RightSide. Complete the invoice.
  • C: Create an adjustment to the invoice for the entire amount, and then create a negative adjustment to the account of RightSide.
  • D: Create an on-account credit memo for $105 for LeftBank. Apply the on-account credit memo to the invoice. Enter and complete the invoice for RightSide.
  • E: Change the status of the invoice to incomplete. Change the transaction type of the invoice to a transaction type that has creation sign equal to negative sign. Complete the invoice. Enter and complete the invoice for RightSide.



Question 3
Ten analysts are assigned the same Receivables responsibility and are given their own logins. The requirement is to restrict three of the analysts from creating chargebacks or adjustments. 
What would be your advice to ensure compliance with this internal control?

  • A: Use forms personalization to restrict function access.
  • B: Set the “AR: Cash - Allow Actions” system profile to no at the responsibility level.
  • C: Set the “AR: Cash - Allow Actions” system profile to no at the user level for the three analysts.
  • D: Set the “AR: Cash - Allow Actions” system profile to yes at the user level for the three analysts.
  • E: Set the “AR: Cash - Allow Actions” system profile to yes at the application level for the three analysts.



Question 4
Tax on Receivables invoices are posted to different General Ledger (GL) accounts by taxing authorities in your primary ledger. For example, one GL account (2501) for California tax and one (2502) for Virginia. 
There is a regulatory requirement for tax on Receivables invoices to be posted to one account (2550) in your secondary ledger. 
Where would you set up the accounting rules for this requirement?

  • A: Oracle Payables
  • B: Oracle Receivables
  • C: Oracle General Ledger
  • D: Oracle E-Business Tax
  • E: Oracle Subledger Accounting



Question 5
Your functional end users are perplexed by the contents of the AutoInvoice Execution report. They needed expert guidance and came 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: An adjustment update of an old invoice is included in this batch.
  • B: The General Ledger (GL) code combination ID failed the cross validation rules.
  • C: A debit memo for an invoice and the invoice itself are submitted in the same batch and the debit memo is selected first.
  • D: A credit memo for an invoice and the invoice itself are submitted in the same batch and the credit memo is selected first.
  • E: The GL code combination segment value for the cost center was valid in the prior calendar month but is end-dated a day earlier.



Question 6
You can define a credit hierarchy of parties and party relationships to consolidate and display all credit data for the entire hierarchy in Credit Management. 
Which profile option should be set to enable this functionality?

  • A: HZ: Allow Hierarchy Copy
  • B: AR: Credit Hierarchy Type
  • C: OSC: Reporting Hierarchy
  • D: HR: BIS Reporting Hierarchy
  • E: Exchange Protocol: Allow Hierarchy



Question 7
John is reviewing the client's draft training documents about the Order to Cash life cycle business processes. Identify four steps that are included in the Order-to-Cash life cycle. (Choose four.)

  • A: launching pick release
  • B: performing credit check
  • C: reconciling bank statements
  • D: running AutoInvoice to Receivables
  • E: generating the move order manually



Question 8
You mail your customer John Doe an invoice for $1000 for the supplies he ordered. John has the option of making his payment either by check or by credit card. John elects to use his credit card. 
This receipt is identified as a(n) ________.

  • A: manual receipt
  • B: automatic receipt
  • C: QuickCash receipt
  • D: AutoLockbox receipt
  • E: miscellaneous receipt



Question 9
Which four transaction types or activities are affected by the “AR : Disable Receivable Activity Balancing Segment” profile option? (Choose four.)

  • A: invoices
  • B: adjustments
  • C: late charges
  • D: debit memos
  • E: credit memos
  • F: discounts (both earned and unearned)
  • G: activity applications (such as receipt write-off, short-term debt, and claims investigation)



Question 10
Identify the Receivables activity type where you are unable to select the tax rate code source option of invoice.

  • A: adjustment
  • B: earned discount
  • C: unearned discount
  • D: miscellaneous cash








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