Oracle Oracle Certifications 1Z0-518 Questions & Answers

• Question 91:

  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.

  Correct Answer: B

• Question 92:

  Select three statements that apply to IReceivables. (Choose three.)

  A. It Is a Web-based self-service application.

  B. It can be used to verify the status of Invoices and receipts.

  C. It is geared towards call centers, as well as credit and collections departments.

  D. It can be used to initiate the Oracle Approvals Management (AME) credit memo request workflow.

  Correct Answer: ABD

• Question 93:

  Several fields are required during manual Invoice entry. Which are the fields required at the header level?

  A. date, customer, source, type, GL date, legal entity

  B. date, legal entity, bill-to, source, type, class, remit-to

  C. terms, date, bill-to, source, legal entity, type, remit-to

  D. date, customer, source, type, General Ledger (GL) date, class

  E. date, source, class, type, GL date, legal entity, bill-to, terms, remit-to

  Correct Answer: E

• Question 94:

  Ten analysts are assigned the same Receivables responsibility and are given their own logins. The requirement is to restrict three of the analysts from creating chargebacks or adjustments.

  What would be your advice to ensure compliance with this internal control?

  A. Use forms personalization to restrict function access.

  B. Set the "AR: Cash - Allow Actions" system profile to no at the responsibility level.

  C. Set the "AR: Cash - Allow Actions" system profile to no at the user level for the three analysts.

  D. Set the "AR: Cash - Allow Actions" system profile to yes at the user level for the three analysts.

  E. Set the "AR: Cash - Allow Actions" system profile to yes at the application level for the three analysts.

  Correct Answer: C

• Question 95:

  The organization that Receivables uses to validate items is set up using______.

  A. the AR: Items Flexfield Mode profile option

  B. the AR: Allow Manual Invoice Lines profile option

  C. the AR: Item Validation Organization profile option

  D. item validation organization In the OM Parameters window

  Correct Answer: C

• Question 96:

  Identify two correct statements related to Key Performance Indicators and the KPI region in Daily Business Intelligence. (Choose two.)

  A. can be of table format only

  B. can be configured for each dashboard

  C. organizes data into reporting hierarchies

  D. is a strategic business factor that is used for reporting

  E. contains a unique set of graphical information on a dashboard

  Correct Answer: BD

• Question 97:

  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.

  Correct Answer: ABDF

• Question 98:

  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.

  Correct Answer: BDF

• Question 99:

  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.

  Correct Answer: AD

• Question 100:

  Identify the two benefits of using Multi-Org Access Control. (Choose two.)

  A. View asset Information across multiple asset books.

  B. Restrict access to users based on their Organization assignments.

  C. Submit and view data across different Ledgers using a single responsibility.

  D. Enter Payables invoices for different Operating Units using a single responsibility.

  E. View Consolidated requisitions across Operating Units using a single responsibility.

  Correct Answer: DE