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Oracle - 1Z0-518 Oracle EBS R12.1 Receivables Essentials

This document provides a summary of key concepts related to Oracle EBS R12.1 Receivables Essentials. It includes 14 multiple choice questions covering topics such as the benefits of multi-org access control, upgrade paths, data partitioning, flexfield structures, tasks performed by Oracle Workflow, required fields for manual invoice entry, and methods for reversing a miscellaneous receipt. It tests understanding of core receivables concepts in Oracle EBS Release 12.

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Anurag Singh
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280 views5 pages

Oracle - 1Z0-518 Oracle EBS R12.1 Receivables Essentials

This document provides a summary of key concepts related to Oracle EBS R12.1 Receivables Essentials. It includes 14 multiple choice questions covering topics such as the benefits of multi-org access control, upgrade paths, data partitioning, flexfield structures, tasks performed by Oracle Workflow, required fields for manual invoice entry, and methods for reversing a miscellaneous receipt. It tests understanding of core receivables concepts in Oracle EBS Release 12.

Uploaded by

Anurag Singh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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1Z0-518

Oracle – 1Z0-518
Oracle EBS R12.1
Receivables Essentials

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QUESTION: 1
Identify the two benefits of using Multi-Org Access Control. (Choose two.)

A. View asset Information across multiple asset books.


B. Restrict access to users based on their Organization assignments.
C. Submit and view data across different Ledgers using a single responsibility.
D. Enter Payables invoices for different Operating Units using a single responsibility.
E. View Consolidated requisitions across Operating Units using a single responsibility.

Answer(s): D, E
Explanation:
http://realworldoracleapps.blogspot.com/2009/02/r12-multi-org-access-controlfeatures. html

QUESTION: 2
You are Involved In a project to upgrade to Oracle E-Business Suite, Release 12. You need
more Information about the upgrade processes and paths.
Where would you find the upgrade guide for Oracle E-Business Suite?

A. AppsNet
B. Bug Database
C. Technical Forums
D. Metal ink Knowledge Base
E. Oracle Technology Network
F. Customer Knowledge Exchange

Answer(s): D

QUESTION: 3
Which two statements are true regarding partitioning of data by an application? (Choose two.)

A. General Ledger is partitioned by Ledgers.


B. Accounts Payable is partitioned by Ledgers.
C. Fixed Assets are partitioned by Operating Unit.
D. Accounts Receivable is partitioned by Operating Unit.
E. Order Management is partitioned by Inventory Organization.

Answer(s): A, D
Explanation:
http://oracleappsuserguide.blogspot.com/2009/06/oracle-r12-business-essentialsfaqs_
10.html

QUESTION: 4
ABC Corp. has determined its Accounting Key Flexfield structure for the Implementation of
Oracle E-Business Suite Release 12. The Accounting Key Flexfield structure contains five
Segments:
Company, Business Unit, Department, Account, and Product
They have the following requirements:
1) The Department values should be based on the Business Units.

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1Z0-518

2) They want to produce a quarterly Balance Sheet for each Company.


Which three statements are true? (Choose three.)

A. The Product Value Set is dependent on the Accounts.


B. The Business Unit Value Set is defined as Independent.
C. The Account Segment has a Value Set with no Validation.
D. The Company Segment is qualified as the Balancing Segment.
E. The Department Segment Is qualified as an Intercompany Segment.
F. Cross-validation rules are required to enforce dependency of Departments on the Business
Units.

Answer(s): B, D, F
Explanation:
http://oracle.anilpassi.com/value-set-basics-in-oracle-apps.html
http://www.geekinterview.com/question_details/15974

QUESTION: 5
Identify four tasks that you can perform using Oracle Workflow in Oracle E-Business Suite
Release 12, (choose four}

A. Automata business processes,


B. Generate account code combinations,
C. Approve standard business documents,
D. Send notifications using Advanced Queuing,
E. Generate Inventory item numbers using item generator workflow,
F. Integrate with third party business systems that are not on a company network.

Answer(s): A, B, D, F
Explanation:
http://download.oracle.com/docs/cd/A60725_05/html/comnls/us/oe/oefb1.htm
http://download.oracle.com/docs/cd/B34956_01/current/acrobat/120wfag.pdf

QUESTION: 6
Identify two correct statements related to Key Performance Indicators and the KPI region in
Daily Business Intelligence. (Choose two.)
A. can be of table format only
B. can be configured for each dashboard
C. organizes data into reporting hierarchies
D. is a strategic business factor that is used for reporting
E. contains a unique set of graphical information on a dashboard

Answer(s): B, D
Explanation:
http://download.oracle.com/docs/cd/B34956_01/current/acrobat/120dbiig.pdf

QUESTION: 7
The organization that Receivables uses to validate items is set up using______.

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A. the AR: Items Flexfield Mode profile option


B. the AR: Allow Manual Invoice Lines profile option
C. the AR: Item Validation Organization profile option
D. item validation organization In the OM Parameters window

Answer(s): C
Explanation:
http://forums.oracle.com/forums/thread.jspa?threadID=913585

QUESTION: 8
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?

A. Use forms personalization to restrict function access.


B. Set the "AR: Cash - Allow Actions" system profile to no at the responsibility level.
C. Set the "AR: Cash - Allow Actions" system profile to no at the user level for the three
analysts.
D. Set the "AR: Cash - Allow Actions" system profile to yes at the user level for the three
analysts.
E. Set the "AR: Cash - Allow Actions" system profile to yes at the application level for the three
analysts.

Answer(s): C

QUESTION: 9
Several fields are required during manual Invoice entry. Which are the fields required at the
header level?

A. date, customer, source, type, GL date, legal entity


B. date, legal entity, bill-to, source, type, class, remit-to
C. terms, date, bill-to, source, legal entity, type, remit-to
D. date, customer, source, type, General Ledger (GL) date, class
E. date, source, class, type, GL date, legal entity, bill-to, terms, remit-to

Answer(s): E

QUESTION: 10
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(s): A, B, D

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QUESTION: 11
The client entered a miscellaneous receipt by mistake; it was posted to General Ledger.
Now the miscellaneous receipt needs to be reversed. Which method would you advise the client
to use?

A. Carry out a standard reversal of the miscellaneous receipt.


B. Carry out a debit memo reversal of the miscellaneous receipt.
C. Create a receivable activity adjustment for the reversal of the miscellaneous receipt.
D. Create an adjustment in receivables for the reversal of the effect of the miscellaneous
receipt.
E. Create a journal entry in General Ledger to reverse the accounting impact created by the
posting of the miscellaneous receipt.

Answer(s): B
Explanation:
http://download.oracle.com/docs/cd/A60725_05/html/comnls/us/ar/recpts13.htm

QUESTION: 12
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

Answer(s): A
Explanation:
http://download.oracle.com/docs/cd/B34956_01/current/acrobat/120bpaug.pdf

QUESTION: 13
You are setting up Receivable Accounting Events in Subledger Accounting. Identify Event
Entity.

A. Invoices
B. deposits
C. guarantees
D. transactions
E. chargebacks

Answer(s): D

QUESTION: 14
You have just opened the Transactions form. Which field would you see on this form?

A. company
B. legal entity

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