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Free Oracle E-Business Suite 12: Oracle Receivables Essentials 1Z0-518 Exam Questions

Page: 1 / 11 Total 101 questions

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Question 1

Identify four discount basis options available that define how Receivable calculates discounters (Choose four.)

Correct Answer: C. Invoice amount; D. lines only amount; E. lines and tax amount; F. lines, freight, and tax amount

Question 2

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 charge backs or adjustments. What would be your advice to ensure compliance with this internal control?

Correct Answer: C. Set the 'AR: Cash - Allow Actions' system profile to no at the user level for the three analysts.

Question 3

Company ABC is implementing Oracle User Management (OUM). It has decided to implement the Self Service and Approvals access control layer. What are the three self-service registration tasks an end user can perform? (Choose three.)

Correct Answer: A. Reset passwords.; B. Obtain new user accounts.; E. Request additional access to the applications

Question 4

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.)

Correct Answer: D. Define AutoCash rule sets.; E. Define application rule sets.

Question 5

Identify two types of regions In Daily Business Intelligence, (Choose two.)

Correct Answer: B. table; E. graph

Question 6

Identify three features of a Balancing Entity. (Choose three.)

Correct Answer: A. Balance sheets are prepared for a Balancing Entity.; B. A Legal Entity may comprise one or more than one balancing segments.; D. A Balancing Entity is represented as a balancing segment value in the accounting flex field structure.

Question 7

Auto Lockbox execution employs a multistep process. These steps can be submitted individually or at the same time from the Submit lockbox Processing window. Identify the correct sequential combination of steps that are executed white running the AutoLodcbox concurrent process In Oracle Receivables.

Correct Answer: B. import bank file, validate data, post QuickCash
Explanation:

http://oracleappsuserguide.blogspot.com/2010/12/oracle-ebs-r12-general-ledgerand_29.html


Question 8

During the cutover phase of a project to Implement Oracle E-Business Suite Release 12, you are responsible for converting historical account balances into Oracle General Ledger from a legacy system. There is no Account Code Combination setup in the Production Instance. Identify the setup in the Accounting Key Flex field structure that is required to perform this conversion.

Correct Answer: E. Select the 'Allow Dynamic Inserts' check box in the Accounting Key Flex field structure.

Question 9

You want an invoice to be due in four stages. What should you do when creating the invoice to accomplish this?

Correct Answer: C. Assign payment terms that have four payment schedules.

Question 10

Select four key system options in Oracle Receivables that are related to customers.

(Choose four.)

Correct Answer: C. automatic site numbering; D. create reciprocal customer; F. automatic customer numbering; G. allow payment of unrelated transactions