1Z0-518 Free Practice Test

Indentify the component in Subledger Accounting the enables you to meet the requirements for multiple accounting representations for an event.

1. A. Event Definition
2. B. Event Classification
3. C. Subledger Accounting method
4. D. Application Accounting Definition

Correct Answer: D

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?

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

Correct Answer: B

Select four key system options in Oracle Receivables that are related to customers. (Choose four.)

1. A. default country
2. B. receipt method
3. C. automatic site numbering
4. D. create reciprocal customer
5. E. customer credit classification
6. F. automatic customer numbering
7. G. allow payment of unrelated transactions

Correct Answer: CDFG

Which three statements are true about Balance Forward Billing? (Choose three.)

1. A. Billing date is an optional grouping rule.
2. B. Billing date value is mandatory when cycle is external.
3. C. Accept Consolidated Billing Invoices program is available.
4. D. Print New Consolidated Billing Invoices program is available.
5. E. It considers both manual transactions and imported transactions.
6. F. Activity can be consolidated across account sites, or by each billing site.

Correct Answer: BEF

How many data source views can you register for the Lines data source in Bill Presentment Architecture?

1. A. five
2. B. one
3. C. nine
4. D. seven

Correct Answer: B