1Z0-518 Online Practice Questions and Answers

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 Product Value Set is dependent on the Accounts.

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

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

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

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

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

Select three statements that apply to IReceivables. (Choose three.)

A. It Is a Web-based self-service application.

B. It can be used to verify the status of Invoices and receipts.

C. It is geared towards call centers, as well as credit and collections departments.

D. It can be used to initiate the Oracle Approvals Management (AME) credit memo request workflow.

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?

A. Carry out a standard reversal of the miscellaneous receipt.

B. Carry out a debit memo reversal of the miscellaneous receipt.

C. Create a receivable activity adjustment for the reversal of the miscellaneous receipt.

D. Create an adjustment in receivables for the reversal of the effect of the miscellaneous receipt.

E. Create a journal entry in General Ledger to reverse the accounting impact created by the posting of the miscellaneous receipt.

AutoLockbox execution employs a multistep process. These steps can be submitted individually or at the same time from the Submit lockbox Processing window.

Identify the correct sequential combination of steps that are executed white running the AutoLodcbox concurrent process In Oracle Receivables.

A. enter receipts, validate data, apply QuickCash

B. import bank file, validate data, post QuickCash

C. Import bank file, enter receipts, validate QuickCash

D. enter receipts. Import bank file, validate data, post QuickCash

E. enter receipts. Import bank file, validate data, post QuickCash, apply receipts

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

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

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

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

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

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

ABC Company is Implementing Oracle Financials. The finance manager wants to set up a control point before the Receivables entries are transferred to General Ledger.

Which two statements are correct about the control mechanisms that Receivables can provide? (Choose two.)

A. Oracle approval limit can be used to approve or reject the invoices.

B. Oracle approval limit can be used to approve or reject the credit memos.

C. Oracle approval limit can be used to approve or reject the adjustment activities.

D. Oracle Approvals Management (AME) Workflow can be used to approve or reject the Invoices.

E. Oracle Approvals Management (AME) Workflow can be used to approve or reject the credit memos.

F. Oracle Approvals Management (AME) Workflow can be used to approve or reject the adjustment activities.

In order for supplementary data sources to be registered in Oracle Bill Presentment Architecture (BPA), they must be interfaced with which Oracle Application?

A. Oracle Projects

B. Oracle Receivables

C. Oracle Service Contract

D. Oracle Order Management

In the Multi-Org model of Oracle E-Business Suite Release 12, which organization type owns Bank Account?

A. Ledger

B. Legal Entity

C. Operating Unit

D. Balancing Entity

E. Business Group

Identify three true statements about defining actions In Oracle Alert. (Choose three.)

A. An alert can contain only one Action Set.

B. An alert can contain any number of Action Sets.

C. When multiple actions are defined they must be Included fn an Action Set.

D. Oracle Alert waits for user response before executing next action fn an Action Set.

E. When multiple actions are defined, they do not need to be included in an Action Set.

F. Oracle Alert does not wait for user response before executing next action In an Action Set.

What are the four required fields when defining a request set? (Choose four.)

A. Set

B. Owner

C. Set Code

D. Application

E. Description

F. Active Date