Oracle EBS R12.1 Receivables Essentials (1Z1-518) Free Practice Test

Question 1

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

A. Oracle Service Contract

B. Oracle Order Management

C. Oracle Receivables

D. Oracle Projects

Correct Answer: C

Question 2

Identify two features of Oracle Workflow in Oracle E-Business Suite Release 12. (Choose two.)

A. can integrate business functions only between business processes within a single company

B. can integrate business processes within an enterprise, as well as between different organizations and different systems

C. enhances data security

D. helps you focus on managing individual business transactions

E. has each activity In a workflow as a PI7SQL function or a notification or a subprocess

Correct Answer: B,E

Question 3

Identify four features of Workflow Monitor. (Choose four)

A. enables you to view your workflows

B. enables administrators to perform control Operations

C. enables you to download a workflow definition file

D. enables you to modify a workflow definition file

E. provides only summary-level information about individual activities of a workflow process

F. enables you to search for a workflow process instance

G. displays status information for the process instance

Correct Answer: A,B,F,G

Question 4

Identify three tables that can be used to import billing data Into Oracle Receivables.
(Choose three.)

A. RA_INTERFACE_,HEADERS_ALL

B. RA INTERFACE LINES ALL

C. RA INTERFACE DISTRIBUTIONS ALL

D. RA_INTERFACE_SALESCREDITS_ALL

E. RA_INTERFACE_SALES_ALL

Correct Answer: B,C,D

Question 5

ABC Corporation will be implementing Oracle E-Business Suite Release 12. Purchasing, Payables, Receivables, General Ledger, Assets, Projects, Order Management and Cash Management will be implemented. Select three business flows that would involve these products. (Choose three.)

A. Project to Profit

B. Click to Order

C. Order to Cash

D. Procure to Pay

E. Demand to Build

F. Campaign to Order

Correct Answer: A,C,D

Question 6

Which two statements are true regarding ownership of shared entities? (Choose two)

A. Sales Force is owned by Oracle Order Management, whereas Employees is owned by Oracle Human Resources.

B. Customers is owned by Oracle Human Resources, whereas Locations is owned by Oracle Receivables.

C. Suppliers is owned by Oracle Purchasing, whereas Units of Measure Is owned by Oracle Inventory.

D. Ledger is owned by Oracle General Ledger, whereas Locations Is owned by Oracle Human Resources.

E. Items is owned by Oracle Purchasing, whereas Locations Is owned by Oracle Receivables,

Correct Answer: C,D

Question 7

Identify three purposes for which transaction types can be used. (Choose three.)

A. to set transaction numbers to be either assigned automatically or entered manually for transactions

B. to set whether AutoInvoice validates transactions using IDs or values

C. to set whether transactions affect the Accounts Receivable (AR) customer balances

D. to record how cash can be applied to transactions

E. to record the accounting flexfield value that would be used for the receivable account for transactions

F. to record the accounting flexfield value that would be used for the cash account for transactions

Correct Answer: C,D,E

Question 8

Event Types in Subledger Accounting Is a grouping of_______.

A. Event Models

B. Events

C. Accounts

D. Event Entitles

E. Event Classes

Correct Answer: E

Question 9

Select three statements that apply to IReceivables. (Choose three.)

A. It is geared towards call centers, as well as credit and collections departments.

B. It can be used to verify the status of Invoices and receipts.

C. It Is a Web-based self-service application.

D. It can be used to initiate the Oracle Approvals Management (AME) credit memo request workflow.

Correct Answer: B,C,D

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Question 10

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

A. date, legal entity, bill-to, source, type, class, remit-to

B. date, source, class, type, GL date, legal entity, bill-to, terms, remit-to

C. date, customer, source, type, General Ledger (GL) date, class

D. terms, date, bill-to, source, legal entity, type, remit-to

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

Correct Answer: B

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Oracle EBS R12.1 Receivables Essentials (1Z1-518) Free Practice Test