Oracle 1Z0-518 Online Practice Questions and Exam Preparation

Oracle 1Z0-518 Online Questions & Answers

• Question 51:

  Select four values that default from profile classes In Oracle Accounts Receivable. (Choose four.)

  A. currency
  B. legal entity
  C. payment terms
  D. statement cycle
  E. business purpose
  F. credit classification
  A. currency
  C. payment terms
  D. statement cycle
  F. credit classification

• Question 52:

  To properly associate one transaction type with another In Receivables, you have to define transact/on types In a specific order. Identify the correct order.

  A. invoice, credit memo, debit memo
  B. Invoice, debit memo, credit memo
  C. credit memo, invoice, debit memo
  D. credit memo, debit memo, invoice
  E. debit memo, invoice, credit memo
  F. debit memo, credit memo, invoice
  C. credit memo, invoice, debit memo

• Question 53:

  Identify three features of a Value Set. (Choose three.)

  A. Value Sets are mandatory.
  B. Value Sets must contain a list of values.
  C. Value Sets control the values for many report parameters.
  D. The same Value Set can be shared between different Flexfields.
  E. A Value Set is a definition of the values approved for entry by a particular Flexfield Segment
  C. Value Sets control the values for many report parameters.
  D. The same Value Set can be shared between different Flexfields.
  E. A Value Set is a definition of the values approved for entry by a particular Flexfield Segment

• Question 54:

  Identify three setups In Oracle Receivables that control how discounts are calculated. (Choose three.)

  A. profile options
  B. payment terms
  C. system options
  D. receipt classes
  E. customer profiles
  A. profile options
  B. payment terms
  C. system options

• Question 55:

  Identify two types of regions In Daily Business Intelligence, (Choose two.)

  A. menu
  B. table
  C. folder
  D. report
  E. graph
  B. table
  E. graph

• Question 56:

  Organizations have unique credit policies that aid for managing their collections and establishing relationships with customers. Describe the two dimensions on which Oracle Credit Management is based. (Choose two.)

  A. various customer credit classifications
  B. various credit review types identified by collectors
  C. various analysis of prior billing period and receipt history of customers
  D. various analysis of customers on the basis of the aging of their outstanding balances
  A. various customer credit classifications
  B. various credit review types identified by collectors

• Question 57:

  Identify four discount basis options available that define how Receivable calculates discounters (Choose four.)

  A. gross amount
  B. freight amount
  C. Invoice amount
  D. lines only amount
  E. lines and tax amount
  F. lines, freight, and tax amount
  C. Invoice amount
  D. lines only amount
  E. lines and tax amount
  F. lines, freight, and tax amount

• Question 58:

  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. MetaLink Knowledge Base
  E. Oracle Technology Network
  F. Customer Knowledge Exchange
  D. MetaLink Knowledge Base

• Question 59:

  A Global Single Instance (GSI) provides global enterprise with a single, complete data model, Identify three features in Oracle E-Business Suite Release 12 that support a GSI, (Choose three)

  A. maintenance of third-party applications
  B. automation of standardized documents and audit processor
  C. decentralization of operations by regions, division, or process
  D. consolidation of data center and lowing administrator overhead
  E. capture of statutory and customary local requirement in the same database
  B. automation of standardized documents and audit processor
  D. consolidation of data center and lowing administrator overhead
  E. capture of statutory and customary local requirement in the same database

• Question 60:

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