Oracle Oracle Certifications 1Z0-518 Questions & Answers

• Question 71:

  AutoLockbox 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.

  A. enter receipts, validate data, apply QuickCash

  B. import bank file, validate data, post QuickCash

  C. Import bank file, enter receipts, validate QuickCash

  D. enter receipts. Import bank file, validate data, post QuickCash

  E. enter receipts. Import bank file, validate data, post QuickCash, apply receipts

  Correct Answer: B

• Question 72:

  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

  Correct Answer: B

• Question 73:

  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

  Correct Answer: ACE

• Question 74:

  A user is reconciling transaction balances in the closing process. Why would the user run the Invoice Exceptions Report?

  A. to identify unposted transactions

  B. to Identify AutoInvoice validation errors

  C. to Identify order lines with workflow stuck

  D. to identify order lines with a back order credit hold

  E. to identify transactions that do not appear In the Aging report

  F. to identify transactions that do not appear In the Transaction Register

  Correct Answer: E

• Question 75:

  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

  Correct Answer: AB

• Question 76:

  MT Services has several operating companies set up as balancing segment values In Its chart of accounts. There is only one sales tax rate that is applicable to its services. However, for accounting purposes, MT Services must track the sales tax by operating company. Except for some government agencies that are customers, sales tax is applicable to all customers. The controller wants to know the minimum setup steps that MT Services must perform.

  Choose the three minimum setups needed in Receivables and E-Business Tax to charge sales tax. (Choose three.)

  A. tax groups

  B. location sales tax

  C. AutoAccounting for tax

  D. tax classification codes

  E. assigning tax code to transaction type

  F. tax exemptions for customers and customer sites

  Correct Answer: BCF

• Question 77:

  You are Involved In a project to upgrade to Oracle E-Business Suite, Release 12. You need more information about the upgrade processes and paths. Where would you find the upgrade guide for Oracle E-Business Suite?

  A. AppsNet

  B. Bug Database

  C. Technical Forums

  D. MetaLink Knowledge Base

  E. Oracle Technology Network

  F. Customer Knowledge Exchange

  Correct Answer: D

• Question 78:

  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)

  Correct Answer: BCFG

• Question 79:

  A receipt of $2,000 Is received for an Invoice that has $1,500 as the amount due. The remittance advice does not state a reason for the overpayment Identify the receipt state that should be displayed;

  A. applied

  B. unapplied

  C. on-account

  D. unidentified

  E. partially applied

  Correct Answer: B

• Question 80:

  A clerk from ABC Inc. receives a customer receipt that does not have sufficient Information to identify the customer or invoice. Which is the correct method of entering the receipt In Oracle Accounts Receivable?

  A. Enter the receipt as an unapplied receipt.

  B. Enter the receipt as an unidentified receipt.

  C. Enter the receipt as an on-account receipt.

  D. Enter the receipt as a miscellaneous receipt.

  E. Enter the receipt by applying it to a dummy customer account.

  Correct Answer: B