1Z0-516 Exam Questions

After creating two new customers, ABC and XYZ, you create and complete an invoice for $105 ($100 plus $5 tax) for customer ABC. You print the invoice and realize that you should ha...

Which four transactions are imported by AutoInvoice? (Choose four.)

Identify three profile options that affect the integration of Oracle Receivables with other Oracle applications. (Choose three.)

ABC company and XYZ company are both customers. Last month XYZ company purchased ABC company. ABC company has hundreds of over-due invoices outstanding. According to the credit dep...

Your client has requirements to enter customers, suppliers, and remit-to addresses in country specific formats for the United States, United Kingdom, and Ireland. Which are the thr...

You can define a credit hierarchy of parties and party relationships to consolidate and display all credit data for the entire hierarchy in Credit Management. Which profile option...

All remittance bank details are created and maintained in _____.

Identify the three applications that create invoices into Oracle Receivables. (Choose three.)

Retail customers are encouraged to sign up for direct debit form of payment. This provides the bank with authorization to debit a customers checking account for either the full amo...

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

Select three statuses of the consolidation workbench. (Choose three.)

Your client has sales tax requirements that involve two types of sales tax. The first sales tax applies to all customers. The second sales tax is based on where the company ships t...

Which table stores information about contingencies that impact revenue recognition for imported transactions?

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

Horizon Real Estate Company usually issues rent invoices to its tenants at the beginning of every quarter. It recognizes the monthly rent revenue on the first day of each month. Ho...

You mail your customer John Doe an invoice for $1000 for the supplies he ordered. John has the option of making his payment either by check or by credit card. John elects to use hi...

For any scoring model, you can define a set of automation rules to guide the implementation of credit decisions without user intervention. Under what situation are automation rules...

Which form can you use to set up automatic transaction numbering?

XYZ Company uses Oracle General Ledger. They have a practice of loading data from the legacy systems into the GL_INTERFACE table, from where they import it into Oracle General Ledg...

Journal source, journal category, balance type, period, and effective date are used to define the _____ criteria set.

Identify four discount basis options available that define how Receivables calculates discounts. (Choose four.)

You have the option to define your own accounting rules in Oracle Subledger Accounting to meet your implementation's business requirements by using ______.

You have Oracle Receivables and Trade Management installed to manage claims. You discover that one claim is a split claim, that is, half valid and half invalid. Identify three corr...

You are implementing Oracle Receivables and Oracle Trade Management for claim investigation. You often need to create chargebacks to handle short payments and overpayments on invoi...

ABC Metal Corporation has three legal entities that share the same chart of accounts, accounting calendar, currency, subledger accounting method, and ledger processing options. The...

Select two statements that apply to the consolidation. (Choose two.)

Identify three entities that can become a party in Oracle Trading Community Architecture (TCA). (Choose three.)

The customer service department identified an order that was shipped and not invoiced. Identify four potential causes for this occurring. (Choose four.)

Organizations have unique credit policies that aid in managing their collections and establishing relationships with customers. Describe the two dimensions on which Oracle Credit M...

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

The board of directors of Acme Enterprises decide to float two new ompanies: Acme Construction and Acme Exports. hey want to implement Oracle General Ledger. They want to restrict...

ABC Enterprise wants to achieve processing efficiencies in its accounts closing cycle. It has multiple ledgers and needs to summarize balances across ledgers. ABC Enterprise is sec...

A summary account template is being created to perform a flash inquiry on cash balances for a chart of accounts consisting of three segments: company, department, and account. Whic...

Identify the two tasks that you can achieve by using sequential numbering. (Choose two.)

When you define an assignment rule in Bill Presentment Architecture, you specify one or more criteria for content item values. Select the three items contained in each criterion. (...

Identify two AR transaction types that correspond to the GL category sales nvoice. (Choose two.)

XYZ Corporation is headquartered in Dubai with a branch in Kuwait. Dubai uses a weekly calendar and Kuwait uses a monthly calendar. The plan is to close the Kuwait operations and o...

Identify the sequence of the steps that are required for performing the accounting setup from this list. 1. Define accounting options. 2. Define primary ledger. 3. Define legal ent...

While you are attempting to post entries, you receive this error message: Number of updated GL_BALANCES rows does not equal the number of rows in the GL_POSTING_INTERIM_24697 table...

ABC Enterprise has operations in the US (East), the US (West), the US (North), and the US (South). The US (North) and the US (East) divisions want to have budgetary controls. The U...

ABC Company in India imports baking equipment from XYZ Company in the US A. There is an outstanding invoice of $1,000,000 to be paid in two months. The USD-to-INR rate when the tra...

To create a party paying relationship, the relationship type must be hierarchical and the party type must be _______.

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

BT Inc. is implementing Oracle Accounts Receivable to interface with an external non-Oracle legacy billing system. The client wants Receivables to generate accounting entries, inst...

Your company needs a solution that provides the option of transferring a high volume of customer receipts from the bank into the Oracle Accounts Receivable system. You do not want...

Which relationship group would you assign to allow each party to pay for its own transactions, as well as the transactions of all parties that are lower in the hierarchy (children,...

A debit memo reversal must be utilized to reverse the receipt if_____ .

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...

ABC Company is implementing Oracle Financials. The finance manager wants to set up a control point before the Receivables entries are transferred to General Ledger. Which two state...

Choose the correct sequence of events taking place in the data access set setup process. 1. Define a legal entity. 2. Define ledger sets. 3. Define data access sets. 4. Define a se...