Oracle 1Z0-518 Online Practice Questions and Exam Preparation

Oracle 1Z0-518 Online Questions & Answers

• Question 31:

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

  A. set up the default Operating Unit
  B. set up frequently accessed responsibilities
  C. set up date, currency, and number formats
  D. set up frequently accessed forms and webpages
  E. set up the access to a limited list of Operating Units
  A. set up the default Operating Unit
  E. set up the access to a limited list of Operating Units

• Question 32:

  What are the three elements involved in submitting a concurrent request? (Choose three.)

  A. selecting Operating Unit
  B. selecting report language
  C. providing completion option
  D. defining a submission schedule
  E. selecting the request or request set to be submitted
  C. providing completion option
  D. defining a submission schedule
  E. selecting the request or request set to be submitted

• Question 33:

  Company X has three Operating Units: A, B, and C, Each Operating Units has the MO: Security Access profile option called ABC Security assigned, Operating Units A has both MO: Operating Units profile option and the MO: Default Operating Units profile option assigned to it,

  Which statement is true?

  A. Paul can create transactions for A, B, and C Operating Units.
  B. All transactions created by Paul are automatically assigned to Operating Units A.
  C. Paul can report on data across A, B, and C Operating Units, but enter transactions only against A.
  D. The profile option did not include Operating Unit B and Operating Unit C due to an error by system administrator.
  E. The Payables responsibility is linked to the Operating Unit A by the MO: Operating Unit profile option and can create transactions for that Operating Unit alone.
  A. Paul can create transactions for A, B, and C Operating Units.

• Question 34:

  During the cutover phase of a project to Implement Oracle E-Business Suite Release 12, you are responsible for converting historical account balances into Oracle General Ledger from a legacy system. There is no Account Code Combination setup in the Production Instance. Identify the setup in the Accounting Key Flexfield structure that is required to perform this conversion.

  A. Define Value Sets and assign them to Segments.
  B. Define Segments in the Accounting Flexfield structure.
  C. Qualify one of the Segments as the Balancing Segment.
  D. The Key Flexfield Segments have to be enabled and displayed.
  E. Select the "Allow Dynamic Inserts" check box in the Accounting Key Flexfield structure.
  E. Select the "Allow Dynamic Inserts" check box in the Accounting Key Flexfield structure.

• Question 35:

  Which three statements are true about AutoInvoice? (Choose three)

  A. it determine the General Ledger (GL) accounts by using AutoAccounting.
  B. It imports Invoices that have only transaction types that are of the "Imported* translation class.
  C. It determine the GL accounts from the rows in the RA_INTERFACE_DISTRIBUTIONS_ALL table.
  D. It determine whether the invoice should have open or closed status on the basic of the line amount.
  E. It uses the AutoInvoice clearing account if it cannot determine the Receivable account by using AutoAccounting,
  F. It uses the AutoInvoice clearing account if it price multiplied by quantity does not equal the total amount for a line.
  A. it determine the General Ledger (GL) accounts by using AutoAccounting.
  C. It determine the GL accounts from the rows in the RA_INTERFACE_DISTRIBUTIONS_ALL table.
  F. It uses the AutoInvoice clearing account if it price multiplied by quantity does not equal the total amount for a line.

• Question 36:

  Your client is Implementing Oracle Financials and Order Management. The AR team lead has heard about the Tax Reporting Ledger and wants to know which subledger modules are used by the report.

  Identify three applications that can be reported by the Tax Reporting Ledger. (Choose three.)

  A. Treasury
  B. Payables
  C. Purchasing
  D. Receivables
  E. General Ledger
  F. Cash Management
  G. Order Management
  B. Payables
  D. Receivables
  E. General Ledger

• Question 37:

  Select four processes that are facilitated by the credit management workflow. (Choose four.)

  A. gathering prospect credit data
  B. analyzing prospect credit data
  C. gathering organization account credit data
  D. implementing credit decisions for individuals
  E. implementing credit decisions for organizations
  F. analyzing customer account credit data for Individuals
  A. gathering prospect credit data
  B. analyzing prospect credit data
  C. gathering organization account credit data
  E. implementing credit decisions for organizations

• Question 38:

  Identify three purposes for which transaction types can be used. (Choose three.)

  A. to record how cash can be applied to transactions
  B. to set whether AutoInvoice validates transactions using IDs or values
  C. to set whether transactions affect the Accounts Receivable (AR) customer balances
  D. to record the accounting flexfield value that would be used for the cash account for transactions
  E. to record the accounting flexfield value that would be used for the receivable account for transactions
  F. to set transaction numbers to be either assigned automatically or entered manually for transactions
  A. to record how cash can be applied to transactions
  C. to set whether transactions affect the Accounts Receivable (AR) customer balances
  E. to record the accounting flexfield value that would be used for the receivable account for transactions

• Question 39:

  Identify three features of a Balancing Entity. (Choose three.)

  A. Balance sheets are prepared for a Balancing Entity.
  B. A Legal Entity may comprise one or more than one balancing segments.
  C. Multiple Balancing Entities within the same Operating Unit structure is not supported.
  D. A Balancing Entity is represented as a balancing segment value in the accounting flexfield structure.
  E. Oracle E-Business Suite Release 12 automatically secures balancing segment values within your chart of accounts with specific Legal Entities or Operating Units.
  A. Balance sheets are prepared for a Balancing Entity.
  B. A Legal Entity may comprise one or more than one balancing segments.
  D. A Balancing Entity is represented as a balancing segment value in the accounting flexfield structure.

• Question 40:

  ABC Corp. has the following Organization Structure:

  1) Legal Entity: A 2) Operating Units: B and C 3) Balancing Entities: 10, 20, and 30

  Identify three correct statements regarding the Balancing Entity. (Choose three.)

  A. Each Balancing Entity must balance within itself.
  B. There can be multiple Balancing Entities within an Operating Unit.
  C. Balancing Entity is the lowest postable unit in the Chart of Accounts.
  D. Balancing Entities can be automatically secured at the Legal Entity level.
  E. Balancing Entities can be secured at the Operating Unit level through Security Rules.
  A. Each Balancing Entity must balance within itself.
  B. There can be multiple Balancing Entities within an Operating Unit.
  E. Balancing Entities can be secured at the Operating Unit level through Security Rules.