Oracle 1Z0-518 Online Practice Questions and Exam Preparation

Oracle 1Z0-518 Online Questions & Answers

• Question 1:

  The end users at Lucy Ltd. noticed several AutoInvoice exceptions and requested your help In correcting them.

  Which window allows you to edit data?

  A. Line Errors window
  B. Interface Lines window
  C. Interface Exceptions window
  D. Interface Corrections window
  B. Interface Lines window

• Question 2:

  Which three statements are true about accounting rules? (Choose three.)

  A. Accounting rules enable you to defer revenue.
  B. Accounting rules enable you to define fixed and variable rules to recognize revenue.
  C. Accounting rules enable you to define the number of periods and percentage of total revenue that you can record in each accounting period.
  D. Accounting rules enable you to define the number of periods and amount of invoice that you can bill your customer in each accounting period.
  A. Accounting rules enable you to defer revenue.
  B. Accounting rules enable you to define fixed and variable rules to recognize revenue.
  C. Accounting rules enable you to define the number of periods and percentage of total revenue that you can record in each accounting period.

• Question 3:

  Indentify the component in Subledger Accounting the enables you to meet the requirements for multiple accounting representations for an event.

  A. Event Definition
  B. Event Classification
  C. Subledger Accounting method
  D. Application Accounting Definition
  D. Application Accounting Definition

• Question 4:

  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.
  D. Define AutoCash rule sets.
  E. Define application rule sets.

• Question 5:

  Which statement best describes stages In the credit review process?

  A. initiating a credit review, data collection, data analysis, making and implementing the recommendations
  B. defining a profile class, assigning it to customers, setting up the scoring model, and starting the workflow background process
  C. manually reviewing customers' past billing and payment history, initiating discussions with customers, and implementing recommendations
  D. manually initiating a review by sending out malls to customers requesting information, reviewing and making recommendations, and implementing recommendations after approval
  A. initiating a credit review, data collection, data analysis, making and implementing the recommendations

• Question 6:

  You want an invoice to be due in four stages.

  What should you do when creating the invoice to accomplish this?

  A. Assign an invoicing rule with four schedules.
  B. Assign an accounting rule with four schedules.
  C. Assign payment terms that have four payment schedules.
  D. Assign payment terms that have four discount periods defined.
  E. Create four lines and assign different payment terms to each line.
  C. Assign payment terms that have four payment schedules.

• Question 7:

  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.
  B. The Business Unit Value Set is defined as Independent.
  D. The Company Segment is qualified as the Balancing Segment.
  F. Cross-validation rules are required to enforce dependency of Departments on the Business Units.

• Question 8:

  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
  B. Legal Entity

• Question 9:

  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. Payment term can be set to defer the monthly rent revenue.
  B. Invoicing rules can be set to defer the monthly rent revenue.
  C. Accounting rules can be set to defer the monthly rent revenue.
  D. Payment term can be set to allow customers to make payments in two installments.
  E. Invoicing rules can be set to allow customers to make payments in two installments.
  F. Accounting rules can be set to allow customers to make payments in two installments.
  C. Accounting rules can be set to defer the monthly rent revenue.
  D. Payment term can be set to allow customers to make payments in two installments.

• Question 10:

  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. expense account
  D. rounding account
  E. suspense account
  E. suspense account