Download Oracle.1z0-518.TestKing.2020-05-06.41q.tqb
| Vendor: | Oracle |
| Exam Code: | 1z0-518 |
| Exam Name: | Oracle EBS R12.1 Receivables Essentials |
| Date: | May 06, 2020 |
| File Size: | 161 KB |
Demo Questions
Question 1
To create a party paying relationship, the relationship type must be hierarchical and the party type must be _________.
- child
- parent
- person
- organization
- person or organization
Correct answer: D
Question 2
After creating two new customers, LeftBank and RightSide, you create and complete an invoice for $105 ($100 plus $5 tax) for LeftBank.
You immediately realize that you should have created the invoice for RightSide.
Which three steps can you take to correct the situation? (Choose three.)
- Change the status of the invoice to incomplete. Delete the invoice, and then enter and complete the invoice for RightSide.
- Change the status of the invoice to incomplete. Change the customer in the invoice to RightSide. Complete the invoice.
- Create an adjustment to the invoice for the entire amount, and then create a negative adjustment to the account of RightSide.
- Create an on-account credit memo for $105 for LeftBank. Apply the on-account credit memo to the invoice. Enter and complete the invoice for RightSide.
- Change the status of the invoice to incomplete. Change the transaction type of the invoice to a transaction type that has creation sign equal to negative sign. Complete the invoice. Enter and complete the invoice for RightSide.
Correct answer: ABD
Question 3
Ten analysts are assigned the same Receivables responsibility and are given their own logins. The requirement is to restrict three of the analysts from creating chargebacks or adjustments.
What would be your advice to ensure compliance with this internal control?
- Use forms personalization to restrict function access.
- Set the “AR: Cash - Allow Actions” system profile to no at the responsibility level.
- Set the “AR: Cash - Allow Actions” system profile to no at the user level for the three analysts.
- Set the “AR: Cash - Allow Actions” system profile to yes at the user level for the three analysts.
- Set the “AR: Cash - Allow Actions” system profile to yes at the application level for the three analysts.
Correct answer: C
