Oracle 1Z0-518 Online Practice Questions and Exam Preparation

Oracle 1Z0-518 Online Questions & Answers

• Question 41:

  XYZ Corp. has operations In the U.S. and Canada. Within Canada, it has two separate Divisions due to Statutory requirements: one in Quebec and another in Ontario.

  How would you define the organization structure for XYZ Corp. from the Information given above?

  A. two Ledgers, two Legal Entitles, and two Operating Units
  B. two Ledgers, two Legal Entitles, and three Operating Units
  C. two Ledgers, three Legal Entities, and two Operating Units
  D. two Ledgers, three Legal Entitles, and three Operating Units
  E. three Ledgers, three Legal Entities, and three Operating Units
  D. two Ledgers, three Legal Entitles, and three Operating Units

• Question 42:

  Journal creation rules in Subledger Accounting are defined by event type and event class.

  Identify the event type associated with the event class of reverse.

  A. invoice
  B. receipts
  C. adjustment
  D. chargeback
  E. transactions
  F. credit memo
  G. bills receivable
  B. receipts

• Question 43:

  Which two statements are true regarding partitioning of data by an application? (Choose two.)

  A. General Ledger is partitioned by Ledgers.
  B. Accounts Payable is partitioned by Ledgers.
  C. Fixed Assets are partitioned by Operating Unit.
  D. Accounts Receivable is partitioned by Operating Unit.
  E. Order Management is partitioned by Inventory Organization.
  A. General Ledger is partitioned by Ledgers.
  D. Accounts Receivable is partitioned by Operating Unit.

• Question 44:

  Oracle Credit Management (OCM) uses lookups to help speed up data entry and increase accuracy. Select two required lookups used by OCM. (Choose two.)

  A. risk code
  B. credit rating
  C. payment terms
  D. credit review type
  E. credit classification
  D. credit review type
  E. credit classification

• Question 45:

  Which four transactions are improved by AutoIvoice? (Choose four)

  A. invoices
  B. deposits
  C. guarantees
  D. debit memos
  E. credit memos
  F. on-account credits
  A. invoices
  D. debit memos
  E. credit memos
  F. on-account credits

• Question 46:

  Identify two features of Oracle Workflow in Oracle E-Business Suite Release 12. (Choose two.)

  A. enhances data security
  B. helps you focus on managing individual business transactions
  C. has each activity In a workflow as a PI7SQL function or a notification or a subprocess
  D. can integrate business functions only between business processes within a single company
  E. can integrate business processes within an enterprise, as well as between different organizations and different systems
  C. has each activity In a workflow as a PI7SQL function or a notification or a subprocess
  E. can integrate business processes within an enterprise, as well as between different organizations and different systems

• Question 47:

  You have just opened the Transactions form. Which field would you see on this form?

  A. company
  B. legal entity
  C. cost center
  D. operating unit
  B. legal entity

• Question 48:

  Identify two Descriptive Flexfield components whose values are used to determine Contexts. (Choose two.)

  A. the Context field
  B. Global Segments
  C. the Reference field
  D. Context-sensitive Segments
  A. the Context field
  C. the Reference field

• Question 49:

  Select four key system options in Oracle Receivables that are related to customers. (Choose four.)

  A. default country
  B. receipt method
  C. automatic site numbering
  D. create reciprocal customer
  E. customer credit classification
  F. automatic customer numbering
  G. allow payment of unrelated transactions
  C. automatic site numbering
  D. create reciprocal customer
  F. automatic customer numbering
  G. allow payment of unrelated transactions

• Question 50:

  Your client has requirements to enter customers, suppliers, and remit-to addresses In country-specific formats for the United States, United Kingdom, and Ireland.

  Which are the three steps required to set up new flexible address formats in Oracle Applications? (Choose three.)

  A. creating address style lookup
  B. creating flexible address code
  C. setting up the "Default Address" profile option
  D. assigning address style to a specific country
  E. setting up flexible address format in a descriptive flexfield
  A. creating address style lookup
  D. assigning address style to a specific country
  E. setting up flexible address format in a descriptive flexfield