Oracle Oracle Certifications 1Z0-518 Questions & Answers

• Question 81:

  Identify two statements that apply to Oracle Collections. (Choose two.)

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

  B. It can be used to place an invoice in dispute.

  C. It enables customers to see their own Oracle Receivables account information, such as balances.

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

  Correct Answer: BD

• Question 82:

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

  A. default country

  B. receipt method

  C. automatic site numbering

  D. create reciprocal customer

  E. customer credit classification

  F. automatic customer numbering

  G. allow payment of unrelated transactions

  Correct Answer: CDFG

• Question 83:

  Identify three setups In Oracle Receivables that control how discounts are calculated. (Choose three.)

  A. profile options

  B. payment terms

  C. system options

  D. receipt classes

  E. customer profiles

  Correct Answer: ABC

• Question 84:

  Your client has set up Oracle Lease Management (OLM) and Oracle Credit Management (OCM) without scoring models.

  Which three tasks can be successfully completed by Oracle Workflow in OCM without manual intervention? (Choose three.)

  A. creating a case folder

  B. calculating a credit score

  C. creating a credit application

  D. creating a final credit recommendation

  E. sending notifications to the credit scheduler

  Correct Answer: ACE

• Question 85:

  Your functional end users are perplexed by the contents of the AutoInvoice Execution report. They needed expert guidance and cause 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 10 failed the cross validation rules.

  C. A debit memo for an Invoice and the Invoice itself were submitted In the same batch tr\6 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.

  Correct Answer: D

• Question 86:

  Which two statements are true about invoicing rules and accounting rules? (Choose two.)

  A. If a transaction has an invoicing rule, an accounting rule is optional.

  B. If a transaction has an invoicing rule, an accounting rule is not allowed.

  C. If a transaction has an invoicing rule, an accounting rule is also required.

  D. Invoicing rules and accounting rules have no effect until Invoices are paid.

  E. Invoicing rules and accounting rules have no effect unless you choose the accrual method of accounting.

  F. Invoicing rules determine when invoices are due. Accounting rules affect how invoices me accounted for

  Correct Answer: CE

• Question 87:

  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.

  Correct Answer: BEF

• Question 88:

  You are setting up Receivable Accounting Events in Subledger Accounting. Identify Event Entity.

  A. Invoices

  B. deposits

  C. guarantees

  D. transactions

  E. chargebacks

  Correct Answer: D

• Question 89:

  You have just opened the Transactions form. Which field would you see on this form?

  A. company

  B. legal entity

  C. cost center

  D. operating unit

  Correct Answer: B

• Question 90:

  After registering new data sources, you must complete your Bill Presentment Architecture by creating database views.

  How many database views can you create for each data source?

  A. one

  B. nine

  C. three

  D. unlimited

  Correct Answer: A