[91% Off] 1Z0-518 Oracle EBS R12.1 Receivables Essential Practice Exam
Duration: 3.0 hours
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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. However, some tenants are required to make the monthly rent payments in two installments that is on the 15th and the fast day of the month. Which two statements are correct about the possible solutions for this business requirement? (Choose two.)
Payment term can be set to defer the monthly rent revenue.
Invoicing rules can be set to defer the monthly rent revenue.
Accounting rules can be set to defer the monthly rent revenue
Payment term can be set to allow customers to make payments in two installments.
Invoicing rules can be set to allow customers to make payments in two installments.
Which three statements are true about Auto Invoice? (Choose three)
it determine the General Ledger (GL) accounts by using Auto Accounting.
It imports Invoices that have only transaction types that are of the "Imported* translation class.
It determine the GL accounts from the rows in the RA_INTERFACE_DISTRIBUTIONS_ALL table
It determine whether the invoice should have open or closed status on the basic of the line amount.
It uses the Auto Invoice clearing account if it cannot determine the Receivable account by using Auto Accounting,
Your client is Implementing Oracle Financials and Order Management. The AR team lead has heard about the Tax Reporting Ledger and wants to know which sub ledger modules are used by the report. Identify three applications that can be reported by the Tax Reporting Ledger. (Choose three.)
In order for supplementary data sources to be registered in Oracle Bill Presentment Architecture (BPA), they must be interfaced with which Oracle Application?
Oracle Service Contract
Oracle Order Management
Journal creation rules in Sub ledger Accounting are defined by event type and event class. Identify the event type associated with the event class of reverse.