1Z1-518 by Oracle Valid Free Exam Practice Test

Question 1

ABC Corp. uses Orade E-Business Suite Release 12 and wants to design an Order Status Web inquiry screen to make order statuses visible to its customers online.
Hon can ABC Corp. ensure that customers view only their individual order statuses?

A. by assigning the same attribute value for CUSTOMER_CONTACT_ID B. by securing attributes for each customer C. by excluding attributes for individual customers D. by assigning a separate attribute value for INTERBNAL_CONTACT_ID

Correct Answer: B

Question 2

ABC Corporation will be implementing Oracle E-Business Suite Release 12. Purchasing, Payables, Receivables, General Ledger, Assets, Projects, Order Management and Cash Management will be implemented. Select three business flows that would involve these products. (Choose three.)

A. Project to Profit B. Demand to Build C. Click to Order D. Procure to Pay E. Campaign to Order F. Order to Cash

Correct Answer: A,D,F

Question 3

There are several setup steps for receipts in Oracle Receivables; some are required whereas others are optional.
Which two setup steps are optional? (Choose two.)

A. Define receipt classes. B. Define application rule sets. C. Define AutoCash rule sets. D. Define receipt sources. E. Define receipt methods.

Correct Answer: B,C

Question 4

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

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

Correct Answer: C,E

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Question 5

Identify two statements that apply to Oracle Collections. (Choose two.)

A. It Is a Web-based self-service application. B. It can be used to initiate the Oracle Approvals Management (AME) credit memo request workflow from Oracle Collections. C. It enables customers to see their own Oracle Receivables account information, such as balances. D. It can be used to place an invoice in dispute.

Correct Answer: B,D

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Question 6

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

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

Correct Answer: A,C,D

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Question 7

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

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

Correct Answer: A,C,D

Question 8

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

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

Correct Answer: A,B

Question 9

You want an invoice to be due in four stages.
What should you do when creating the invoice to accomplish this?

A. Assign payment terms that have four payment schedules. B. Assign payment terms that have four discount periods defined. C. Create four lines and assign different payment terms to each line. D. Assign an accounting rule with four schedules. E. Assign an invoicing rule with four schedules.

Correct Answer: A

Question 10

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

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

Correct Answer: B,C,D,F

Oracle EBS R12.1 Receivables Essentials - 1Z1-518 Exam Practice Test