1Z0-518 by Oracle Actual Free Exam Questions And Answers

Question 1

ABC Corporation will be implementing Oracle E-Business Suite Release 12. Purchasing, Payables, Receivables, General Ledger, Assets, Projects, Order Management and Cash Management will be implemented. Select three business flows that would involve these products. (Choose three.)

A. Procure to Pay

B. Campaign to Order

C. Order to Cash

D. Click to Order

E. Demand to Build

F. Project to Profit

Discussion 0

Correct Answer: A,C,F Vote an answer

Question 2

ABC Corp. has determined its Accounting Key Flexfield structure for the Implementation of Oracle E-Business Suite Release 12. The Accounting Key Flexfield structure contains five Segments: Company, Business Unit, Department, Account, and Product.
They have the following requirements:
1) The Department values should be based on the Business Units.
2) They want to produce a quarterly Balance Sheet for each Company.
Which three statements are true? (Choose three.)

A. The Department Segment Is qualified as an Intercompany Segment.

B. The Account Segment has a Value Set with no Validation.

C. The Product Value Set is dependent on the Accounts.

D. The Business Unit Value Set is defined as Independent.

E. The Company Segment is qualified as the Balancing Segment.

F. Cross-validation rules are required to enforce dependency of Departments on the Business Units.

Discussion 0

Correct Answer: D,E,F Vote an answer

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Question 3

XYZ Company has disabled the Receivables Profile Option "AR: Disable Receivable Activity Balancing Segment*. What must be defined In order for the General Ledger Transfer process to execute without error?

A. gain account

B. revenue account

C. suspense account

D. rounding account

E. expense account

Discussion 0

Correct Answer: C Vote an answer

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Question 4

Identify the Receivables activity type where you are unable to select the tax rate code source option of invoice.

A. miscellaneous cash

B. unearned discount

C. earned discount

D. adjustment

Discussion 0

Correct Answer: A Vote an answer

Question 5

Identify four features of Workflow Monitor. (Choose four)

A. enables you to modify a workflow definition file

B. enables you to download a workflow definition file

C. enables you to search for a workflow process instance

D. provides only summary-level information about individual activities of a workflow process

E. enables administrators to perform control Operations

F. displays status information for the process instance

G. enables you to view your workflows

Discussion 0

Correct Answer: C,E,F,G Vote an answer

Question 6

There are several setup steps for receipts in Oracle Receivables; some are required whereas others are optional.
Which two setup steps are optional? (Choose two.)

A. Define receipt classes.

B. Define receipt methods.

C. Define receipt sources.

D. Define AutoCash rule sets.

E. Define application rule sets.

Discussion 0

Correct Answer: D,E Vote an answer

Question 7

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

A. child

B. organization

C. person

D. person or organization

E. parent

Discussion 0

Correct Answer: B Vote an answer

Question 8

Select two features regarding the completion of a successful customer merge in Oracle Receivables that support ongoing customer data cleansing efforts after go-live. (Choose two.)

A. Bank details for the merge-from customer remains available after the merge process.

B. Customer transactions or audit transactions details for the merge-from customer remain available for reprinting after the customer merge process.

C. Duplicate parties are re pointed to the surviving party after the customer merge process.

D. Customer merge activity can be reversed after the merge process.

E. Duplicate customers are repointed to the surviving customer after the customer merge process.

F. Customer sites associated with the old customer or site are associated with the new customer or site after the customer merge process.

Discussion 0

Correct Answer: E,F Vote an answer

Question 9

Identify two options that users can specify using Multi-Org preferences. (Choose two.)

A. set up the access to a limited list of Operating Units

B. set up the default Operating Unit

C. set up frequently accessed responsibilities

D. set up date, currency, and number formats

E. set up frequently accessed forms and webpages

Discussion 0

Correct Answer: A,B Vote an answer

Question 10

Event Types in Subledger Accounting Is a grouping of_______.

A. Events

B. Event Classes

C. Event Models

D. Event Entitles

E. Accounts

Discussion 0

Correct Answer: B Vote an answer

Oracle EBS R12.1 Receivables Essentials - 1Z0-518 Exam Practice Test

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