Oracle Oracle Certifications 1Z0-518 Questions & Answers

• Question 61:

  BT Inc. Is Implementing Oracle Accounts Receivable to Interface with an external non-Oracle legacy billing system. The client wants Receivables to generate accounting entries, Instead of sending accounting data through the Interface. Identify four setup items that are used by Receivables to generate the General Ledger (GL) code combinations. (Choose four,)

  A. AutoAccounting

  B. transaction type

  C. accounting rules

  D. transaction source

  E. customer bill-to site

  F. standard memo line

  Correct Answer: ABEF

• Question 62:

  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

  Correct Answer: ABCE

• Question 63:

  Select four values that default from profile classes In Oracle Accounts Receivable. (Choose four.)

  A. currency

  B. legal entity

  C. payment terms

  D. statement cycle

  E. business purpose

  F. credit classification

  Correct Answer: ACDF

• Question 64:

  To properly associate one transaction type with another In Receivables, you have to define transact/on types In a specific order. Identify the correct order.

  A. invoice, credit memo, debit memo

  B. Invoice, debit memo, credit memo

  C. credit memo, invoice, debit memo

  D. credit memo, debit memo, invoice

  E. debit memo, invoice, credit memo

  F. debit memo, credit memo, invoice

  Correct Answer: C

• Question 65:

  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.

  Correct Answer: DE

• Question 66:

  Select two features regarding the completion of a successful customer merge in Oracle Receivables that support ongoing customer data cleansing efforts after go-live. (Choose two.)

  A. Customer merge activity can be reversed after the merge process.

  B. Bank details for the merge-from customer remains available after the merge process.

  C. Duplicate parties are re pointed to the surviving party after the customer merge process.

  D. Duplicate customers are repointed to the surviving customer after the customer merge process.

  E. Customer sites associated with the old customer or site are associated with the new customer or site after the customer merge process.

  F. Customer transactions or audit transactions details for the merge-from customer remain available for reprinting after the customer merge process.

  Correct Answer: DE

• Question 67:

  Which four transactions are improved by AutoIvoice? (Choose four)

  A. invoices

  B. deposits

  C. guarantees

  D. debit memos

  E. credit memos

  F. on-account credits

  Correct Answer: ADEF

• Question 68:

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

  A. gross amount

  B. freight amount

  C. Invoice amount

  D. lines only amount

  E. lines and tax amount

  F. lines, freight, and tax amount

  Correct Answer: CDEF

• Question 69:

  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

  Correct Answer: E

• Question 70:

  The end users at Lucy Ltd. noticed several AutoInvoice exceptions and requested your help In correcting them.

  Which window allows you to edit data?

  A. Line Errors window

  B. Interface Lines window

  C. Interface Exceptions window

  D. Interface Corrections window

  Correct Answer: B