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1z0-518
Oracle EBS R12.1 Receivables Essentials Questions and Answers

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Viewing questions 21-30 out of questions

Questions # 21:

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?

Options:

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.

Answer

Questions # 22:

A user is reconciling transaction balances in the closing process.

Why would the user run the Invoice Exceptions Report?

Options:

to identify unposted transactions

to Identify AutoInvoice validation errors

to Identify order lines with workflow stuck

to identify order lines with a back order credit hold

to identify transactions that do not appear In the Aging report

to identify transactions that do not appear In the Transaction Register

Answer

Explanation

http://download.oracle.com/docs/cd/A60725_05/html/comnls/us/ar/invexcep.htm

Questions # 23:

Daily business Intelligence pages summarized content for a particular functional area, Identity three features that the pages contain, (Choose three)

Options:

Region

Report

Parameter

Responsibilities

Key Performance Indicators (KPIs)

Answer

A, C, E

Questions # 24:

MT Services has several operating companies set up as balancing segment values In Its chart of accounts. There is only one sales tax rate that is applicable to its services. However, for accounting purposes, MT Services must track the sales tax by operating company.

Except for some government agencies that are customers, sales tax is applicable to all customers. The controller wants to know the minimum setup steps that MT Services must perform.

Choose the three minimum setups needed in Receivables and E-Business Tax to charge sales tax.

(Choose three.)

Options:

tax groups

location sales tax

AutoAccounting for tax

tax classification codes

assigning tax code to transaction type

tax exemptions for customers and customer sites

Answer

B, C, F

Explanation

http://it.toolbox.com/blogs/enterprise-solutions/oracle-financials-implementation-ndash-ar-setup-workshops-sample-37800

Questions # 25:

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

Options:

It has an approved list of values associated with it

The entered value must meet the formatting requirements.

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

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

Answer

B, C

Questions # 26:

Which two statements are true about invoicing rules and accounting rules? (Choose two.)

Options:

If a transaction has an invoicing rule, an accounting rule is optional.

If a transaction has an invoicing rule, an accounting rule is not allowed.

If a transaction has an invoicing rule, an accounting rule is also required.

Invoicing rules and accounting rules have no effect until Invoices are paid.

Invoicing rules and accounting rules have no effect unless you choose the accrual method of accounting.

Invoicing rules determine when invoices are due. Accounting rules affect how invoices me accounted for

Answer

C, E

Explanation

http://boykan.com/2011/01/down-to-date-exam-bible-oracle-11i-1z0-213-test/

Questions # 27:

Your client has set up Oracle Lease Management (OLM) and Oracle Credit Management (OCM) without scoring models. Which three tasks can be successfully completed by Oracle Workflow in OCM without manual intervention? (Choose three.)

Options:

creating a case folder

calculating a credit score

creating a credit application

creating a final credit recommendation

sending notifications to the credit scheduler

Answer

A, C, E

Explanation

http://download.oracle.com/docs/cd/B34956_01/current/acrobat/120ocmug.pdf

Questions # 28:

Which four products In Oracle E-Business Suite Release 12 require a Multi-Org setup? (Choose four)

Options:

Payables

Purchasing

Receivables

General Ledger

Order Management

Answer

A, B, C, E

Questions # 29:

In the Multi-Org model of Oracle E-Business Suite Release 12, which organization type owns Bank Account?

Options:

Ledger

Legal Entity

Operating Unit

Balancing Entity

Business Group

Answer

Questions # 30:

In order for supplementary data sources to be registered in Oracle Bill Presentment Architecture (BPA), they must be interfaced with which Oracle Application?