Question No. 1

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;

Aapplied

Bunapplied

Con-account

Dunidentified

Epartially applied

Show Answer

Correct Answer: B

http://www.scribd.com/doc/27318827/1Z0-216-Oracle-EBS-R12-General-Ledger-

and-Receivables-Fundamentals

Question No. 2

Identify the two benefits of using Multi-Org Access Control. (Choose two.)

AView asset Information across multiple asset books.

BRestrict access to users based on their Organization assignments.

CSubmit and view data across different Ledgers using a single responsibility.

DEnter Payables invoices for different Operating Units using a single responsibility.

EView Consolidated requisitions across Operating Units using a single responsibility.

Show Answer

Correct Answer: D, E

http://realworldoracleapps.blogspot.com/2009/02/r12-multi-org-access-controlfeatures.html

Question No. 3

Several fields are required during manual Invoice entry. Which are the fields required at the header level?

Adate, customer, source, type, GL date, legal entity

Bdate, legal entity, bill-to, source, type, class, remit-to

Cterms, date, bill-to, source, legal entity, type, remit-to

Ddate, customer, source, type, General Ledger (GL) date, class

Edate, source, class, type, GL date, legal entity, bill-to, terms, remit-to

Show Answer

Correct Answer: E

Question No. 4

ABC Company is Implementing Oracle Financials. The finance manager wants to set up a control point before the Receivables entries are transferred to General Ledger. Which two statements are correct about the control mechanisms that Receivables can provide? (Choose two.)

AOracle approval limit can be used to approve or reject the invoices.

BOracle approval limit can be used to approve or reject the credit memos.

COracle approval limit can be used to approve or reject the adjustment activities.

DOracle Approvals Management (AME) Workflow can be used to approve or reject the Invoices.

EOracle Approvals Management (AME) Workflow can be used to approve or reject the credit memos.

FOracle Approvals Management (AME) Workflow can be used to approve or reject the adjustment activities.

Show Answer

Correct Answer: C, E

Question No. 5

Identify two features of Oracle Workflow in Oracle E-Business Suite Release 12. (Choose two.)

Aenhances data security

Bhelps you focus on managing individual business transactions

Chas each activity In a workflow as a PI7SQL function or a notification or a subprocess

Dcan integrate business functions only between business processes within a single company

Ecan integrate business processes within an enterprise, as well as between different organizations and different systems

Show Answer

Correct Answer: C, E

Free Oracle 1Z0-518 Exam Actual Questions

The questions for 1Z0-518 were last updated On Dec 18, 2024