1Z0-518 Online Practice Questions and Answers

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

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

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)

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

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

You want an invoice to be due in four stages.

What should you do when creating the invoice to accomplish this?

A. Assign an invoicing rule with four schedules.

B. Assign an accounting rule with four schedules.

C. Assign payment terms that have four payment schedules.

D. Assign payment terms that have four discount periods defined.

E. Create four lines and assign different payment terms to each line.

You have logged In to the Oracle E-Business Suite Release 12 Instance and accessed your worklist. You see four FYI notifications in your default Worklist view. You opened the first notification and clicked the "OK" button after reviewing the content.

Identify three things that can happen after you return to your worklist. (Choose three.)

A. You see four notifications in your worklist.

B. You see three notifications in your worklist.

C. Status of the first notification has been updated to "Delete."

D. Status of the first notification has been updated to "Closed."

E. You can view the first notification by choosing the "All Notifications" view from your worklist.

F. You can view the first notification by choosing the "FYI Notifications" view from your worklist.

You are the Human Resources lead for the ERP implementation of ABC Corporation. You have defined the employees in Oracle Human Resources.

Select three activities that utilize the employee record. (Choose three.)

A. Approvals

B. Asset assignment

C. Organization creation

D. Journal Entry creation

E. AutoCreate Purchase Orders

Which three major application product families are Included in the Oracle E-Business Suite Release 12 footprint? (Choose three.)

A. Oracle Workflow

B. Oracle Financials

C. Oracle Applications Framework

D. Oracle Applications Object Library

E. Oracle Project Management Product Suite

F. Oracle Human Resources Management System Suite

Identify two features of a Value Set that has a validation type of "None." (Choose two.)

A. It has an approved list of values associated with it

B. The entered value must meet the formatting requirements.

C. The Flexfield value security rules cannot be used for a segment that uses this Value Set

D. Users can enter any value that they want even if It does not meet formatting requirements.