1z0-518

1z0-518 practice questions, page 2 of 4, with answer review and explanations.

Question 6

Identify two correct statements related to Key Performance Indicators and the KPI region in Daily Business Intelligence. (Choose two.)

  1. can be of table format only
  2. can be configured for each dashboard
  3. organizes data into reporting hierarchies
  4. is a strategic business factor that is used for reporting
  5. contains a unique set of graphical information on a dashboard

Question 7

The organization that Receivables uses to validate items is set up using______.

  1. the AR: Items Flexfield Mode profile option
  2. the AR: Allow Manual Invoice Lines profile option
  3. the AR: Item Validation Organization profile option
  4. item validation organization In the OM Parameters window

Question 8

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?

  1. Use forms personalization to restrict function access.
  2. Set the "AR: Cash - Allow Actions" system profile to no at the responsibility level.
  3. Set the "AR: Cash - Allow Actions" system profile to no at the user level for the three analysts.
  4. Set the "AR: Cash - Allow Actions" system profile to yes at the user level for the three analysts.
  5. Set the "AR: Cash - Allow Actions" system profile to yes at the application level for the three analysts.

Question 9

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

  1. date, customer, source, type, GL date, legal entity
  2. date, legal entity, bill-to, source, type, class, remit-to
  3. terms, date, bill-to, source, legal entity, type, remit-to
  4. date, customer, source, type, General Ledger (GL) date, class
  5. date, source, class, type, GL date, legal entity, bill-to, terms, remit-to

Question 10

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