1Z0-518 | All About Vivid 1Z0-518 exam dumps
Q21. 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
Answer: B
Q22. 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)
Answer: BCFG
Q23. 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
Answer: CDEF
Q24. Select three statements that apply to IReceivables. (Choose three.)
A. It Is a Web-based self-service application.
B. It can be used to verify the status of Invoices and receipts.
C. It is geared towards call centers, as well as credit and collections departments.
D. It can be used to initiate the Oracle Approvals Management (AME) credit memo request workflow.
Answer: ABD
Q25. Identify three true statements about defining actions In Oracle Alert. (Choose three.)
A. An alert can contain only one Action Set.
B. An alert can contain any number of Action Sets.
C. When multiple actions are defined they must be Included fn an Action Set.
D. Oracle Alert waits for user response before executing next action fn an Action Set.
E. When multiple actions are defined, they do not need to be included in an Action Set.
F. Oracle Alert does not wait for user response before executing next action In an Action Set.
Answer: BCF
Q26. Indentify three steps to be performed after defining a Flexfield structure, but before entering values, (Choose three)
A. Select the “Freeze Flexfield Definition” check box.
B. Click the Compile button to build the Flexfeild structure.
C. Save your changes before freezing the Flexfield definition.
D. Submit a concurrent request to build the Flexfield structure.
E. Do not save your changes before freezing the Flexfield definition.
Answer: ABC
Q27. During the cutover phase of a project to Implement Oracle E-Business Suite Release 12, you are responsible for converting historical account balances into Oracle General Ledger from a legacy system. There is no Account Code Combination setup in the Production Instance.
Identify the setup in the Accounting Key Flexfield structure that is required to perform this conversion.
A. Define Value Sets and assign them to Segments.
B. Define Segments in the Accounting Flexfield structure.
C. Qualify one of the Segments as the Balancing Segment.
D. The Key Flexfield Segments have to be enabled and displayed.
E. Select the "Allow Dynamic Inserts" check box in the Accounting Key Flexfield structure.
Answer: E
Q28. A global company uses Oracle E-Business Suite Release 12 for its operations in the U.S. and Canada. The company is now adding Mexico to the Oracle E-Business Suite Release 12 Applications. As a system administrator, you need to set the MO: Operating Unit profile option for Mexico. Customer is not using Multi-Org Access Control.
You set the MO: Operating Unit profile option at the _____level.
A. Site
B. User
C. Application
D. Responsibility
Answer: D
Q29. Oracle Credit Management (OCM) uses lookups to help speed up data entry and increase accuracy. Select two required lookups used by OCM. (Choose two.)
A. risk code
B. credit rating
C. payment terms
D. credit review type
E. credit classification
Answer: DE
Q30. Your client is Implementing Oracle Financials and Order Management. The AR team lead has heard about the Tax Reporting Ledger and wants to know which subledger modules are used by the report. Identify three applications that can be reported by the Tax Reporting Ledger. (Choose three.)
A. Treasury
B. Payables
C. Purchasing
D. Receivables
E. General Ledger
F. Cash Management
G. Order Management
Answer: BDE