1Z0-518 practice question 15 of 25

You are setting up Receivable Accounting Events in Subledger Accounting. Identify Event Entity.

Full set: 101 questions
Answer options
A: Invoices
B: deposits
C: guarantees
D: transactions Correct answer
E: charge backs
Correct Answer:
D. transactions
Explanation

In Oracle Subledger Accounting the Receivables event model defines a single event entity named “Transactions”; within this entity the individual event-classes are Invoices, Deposits, Guarantees, Chargebacks, etc. Therefore the only valid event entity choice is Transactions.

Why Incorrect

A. Invoices are an event class, not an event entity.
B. Deposits are classified as an event class under the Transactions entity.
C. Guarantees are also an event class, not an entity.
E. Chargebacks map to the Chargebacks event class under the Transactions entity.

References

1. Oracle Subledger Accounting Implementation Guide R12.2, Ch.2 “Event Model”, Table 2-1 Receivables Event Model (pp. 2-6/2-7, Doc ID E48708-07).

2. Oracle Financials Concepts Guide R12.2, “Subledger Accounting Overview”, Event Entity hierarchy (pp. 1-12).

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