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1Z0-518 PDF DEMO:
QUESTION NO: 1
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.)
A. Accounting rules can be set to allow customers to make payments in two installments.
B. Accounting rules can be set to defer the monthly rent revenue.
C. Payment term can be set to allow customers to make payments in two installments.
D. Payment term can be set to defer the monthly rent revenue.
E. Invoicing rules can be set to defer the monthly rent revenue.
F. Invoicing rules can be set to allow customers to make payments in two installments.
Answer: B,C
QUESTION NO: 2
To create a party paying relationship, the relationship type must be hierarchical and the party type must be_______.
A. child
B. parent
C. person
D. organization
E. person or organization
Answer: D
QUESTION NO: 3
What are the four required fields when defining a request set? (Choose four.)
A. Active Date
B. Set
C. Owner
D. Application
E. Description
F. Set Code
Answer: A,B,D,F
QUESTION NO: 4
XYZ Corp. has acquired ABC Corp. XYZ operates with Multi-Org Access Control. Consequently
XYZ Corp.
needs to add additional Operating Units. Identify the statement that describes the sequence for adding additional Operating Units.
A. Create the Operating Unit, run the Replicate Seed Data concurrent request, create new responsibilities as necessary, and set up the MO: Default Operating Unit profile option.
B. It is not possible to add additional Operating Units.
C. Create the Operating Unit, run the Replicate Seed Data concurrent request, assign the Operating
Unit to a security hierarchy, run Security List maintenance concurrent program, create new responsibilities as necessary, and set up the MO: Security Profile profile option.
D. Set the MO: Operating Unit profile option, run the Replicate Seed Data concurrent request, create the Operating Unit, and create new responsibilities as necessary.
E. Set the MO: Security Profile profile option, run the Replicate Seed Data concurrent request, create the Operating Unit, and create new responsibilities as necessary.
Answer: C
QUESTION NO: 5
Identify two features of a Value Set that has a validation type of "None." (Choose two.)
A. It has an approved list of values associated with it
B. The Flexfield value security rules cannot be used for a segment that uses this Value Set
C. Users can enter any value that they want even if It does not meet formatting requirements.
D. The entered value must meet the formatting requirements.
Answer: B,D
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Updated: May 27, 2022