Oracle 1Z0-518 Online Practice Questions and Exam Preparation

Oracle 1Z0-518 Online Questions & Answers

• Question 21:

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

  A. adjustment
  B. earned discount
  C. unearned discount
  D. miscellaneous cash
  D. miscellaneous cash

• Question 22:

  Which three statements are true about modifying flexfield values? (Choose three.)

  A. The values cannot be disabled.
  B. The value description can be changed.
  C. The effective dates for a value can be limited.
  D. The values can be deleted after they are defined.
  E. The values cannot be modified after they are defined.
  B. The value description can be changed.
  C. The effective dates for a value can be limited.
  E. The values cannot be modified after they are defined.

• Question 23:

  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
  A. Set
  C. Set Code
  D. Application
  F. Active Date

• Question 24:

  Identify four tasks that you can perform using Oracle Workflow in Oracle E-Business Suite Release 12, (choose four}

  A. Automata business processes,
  B. Generate account code combinations,
  C. Approve standard business documents,
  D. Send notifications using Advanced Queuing,
  E. Generate Inventory item numbers using item generator workflow,
  F. Integrate with third party business systems that are not on a company network.
  A. Automata business processes,
  B. Generate account code combinations,
  D. Send notifications using Advanced Queuing,
  F. Integrate with third party business systems that are not on a company network.

• Question 25:

  Which three statements are true about Balance Forward Billing? (Choose three.)

  A. Billing date is an optional grouping rule.
  B. Billing date value is mandatory when cycle is external.
  C. Accept Consolidated Billing Invoices program is available.
  D. Print New Consolidated Billing Invoices program is available.
  E. It considers both manual transactions and imported transactions.
  F. Activity can be consolidated across account sites, or by each billing site.
  B. Billing date value is mandatory when cycle is external.
  E. It considers both manual transactions and imported transactions.
  F. Activity can be consolidated across account sites, or by each billing site.

• Question 26:

  MT Services has several operating companies set up as balancing segment values In Its chart of accounts. There is only one sales tax rate that is applicable to its services. However, for accounting purposes, MT Services must track the sales tax by operating company. Except for some government agencies that are customers, sales tax is applicable to all customers. The controller wants to know the minimum setup steps that MT Services must perform.

  Choose the three minimum setups needed in Receivables and E-Business Tax to charge sales tax. (Choose three.)

  A. tax groups
  B. location sales tax
  C. AutoAccounting for tax
  D. tax classification codes
  E. assigning tax code to transaction type
  F. tax exemptions for customers and customer sites
  B. location sales tax
  C. AutoAccounting for tax
  F. tax exemptions for customers and customer sites

• Question 27:

  A clerk from ABC Inc. receives a customer receipt that does not have sufficient Information to identify the customer or invoice. Which is the correct method of entering the receipt In Oracle Accounts Receivable?

  A. Enter the receipt as an unapplied receipt.
  B. Enter the receipt as an unidentified receipt.
  C. Enter the receipt as an on-account receipt.
  D. Enter the receipt as a miscellaneous receipt.
  E. Enter the receipt by applying it to a dummy customer account.
  B. Enter the receipt as an unidentified receipt.

• Question 28:

  You are Involved In a project to upgrade to Oracle E-Business Suite, Release 12. You need more Information about the upgrade processes and paths. Where would you find the upgrade guide for Oracle E-Business Suite?

  A. AppsNet
  B. Bug Database
  C. Technical Forums
  D. Metal ink Knowledge Base
  E. Oracle Technology Network
  F. Customer Knowledge Exchange
  D. Metal ink Knowledge Base

• Question 29:

  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.
  B. An alert can contain any number of Action Sets.
  C. When multiple actions are defined they must be Included fn an Action Set.
  F. Oracle Alert does not wait for user response before executing next action In an Action Set.

• Question 30:

  BT Inc. Is Implementing Oracle Accounts Receivable to Interface with an external non-Oracle legacy billing system. The client wants Receivables to generate accounting entries, Instead of sending accounting data through the Interface. Identify four setup items that are used by Receivables to generate the General Ledger (GL) code combinations. (Choose four,)

  A. AutoAccounting
  B. transaction type
  C. accounting rules
  D. transaction source
  E. customer bill-to site
  F. standard memo line
  A. AutoAccounting
  B. transaction type
  E. customer bill-to site
  F. standard memo line