1Z0-518 Online Practice Questions and Answers

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.

Your functional end users are perplexed by the contents of the AutoInvoice Execution report. They needed expert guidance and cause to you. You look at the report and see that the Interface Lines section of the report shows the following:

Selected: 9 Successfully Processed: 8 Failed Validation: 0

What is the likely reason for this?

A. An adjustment update of an old Invoice Is Included In this batch.

B. The General Ledger (GL) code combination 10 failed the cross validation rules.

C. A debit memo for an Invoice and the Invoice itself were submitted In the same batch tr\6 the debit memo Is selected first.

D. A credit memo for an Invoice and the invoice Itself are submitted In the same batch and the credit memo Is selected first.

E. The GL code combination segment value for the cost center was valid in the prior calendar month but is end-dated a day earlier.

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

MT Services has several operating companies set up as balancing segment values In Its chart of accounts. There is only one sales tax rate that is applicable to its services. However, for accounting purposes, MT Services must track the sales tax by operating company. Except for some government agencies that are customers, sales tax is applicable to all customers. The controller wants to know the minimum setup steps that MT Services must perform.

Choose the three minimum setups needed in Receivables and E-Business Tax to charge sales tax. (Choose three.)

A. tax groups

B. location sales tax

C. AutoAccounting for tax

D. tax classification codes

E. assigning tax code to transaction type

F. tax exemptions for customers and customer sites

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

Select two features regarding the completion of a successful customer merge in Oracle Receivables that support ongoing customer data cleansing efforts after go-live. (Choose two.)

A. Customer merge activity can be reversed after the merge process.

B. Bank details for the merge-from customer remains available after the merge process.

C. Duplicate parties are re pointed to the surviving party after the customer merge process.

D. Duplicate customers are repointed to the surviving customer after the customer merge process.

E. Customer sites associated with the old customer or site are associated with the new customer or site after the customer merge process.

F. Customer transactions or audit transactions details for the merge-from customer remain available for reprinting after the customer merge process.

You want an invoice to be due in four stages.

What should you do when creating the invoice to accomplish this?

A. Assign an invoicing rule with four schedules.

B. Assign an accounting rule with four schedules.

C. Assign payment terms that have four payment schedules.

D. Assign payment terms that have four discount periods defined.

E. Create four lines and assign different payment terms to each line.

Indentify three steps to be performed after defining a Flexfield structure, but before entering values, (Choose three)

A. Select the "Freeze Flexfield Definition" check box.

B. Click the Compile button to build the Flexfeild structure.

C. Save your changes before freezing the Flexfield definition.

D. Submit a concurrent request to build the Flexfield structure.

E. Do not save your changes before freezing the Flexfield definition.

Event Types in Subledger Accounting Is a grouping of_______.

A. Events

B. Accounts

C. Event Models

D. Event Entitles

E. Event Classes

View the Exhibit.

While entering a journal in the Journals form, you enter a code combination of 29.402.4519.2103.240 in the five-segment Accounting Flexfield. However, you are unable to proceed after entering this account combination. What could be the problem in the structure definition of the Accounting Flexfield?

A. The "Freeze Rollup Groups" check box is selected.

B. The "Allow Dynamic Inserts" check box is deselected.

C. The "Freeze Flexfield Definition" check box is selected.

D. The "Cross-Validate Segments" check box is selected.