Most Recent Oracle 1Z0-518 Exam Questions & Answers

Prepare for the Oracle E-Business Suite 12: Oracle Receivables Essentials exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the Oracle 1Z0-518 exam and achieve success.

The questions for 1Z0-518 were last updated on Dec 17, 2024.

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Question No. 1

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

Amenu

Btable

Cfolder

Dreport

Egraph

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Correct Answer: B, E

Question No. 2

A global company uses Oracle E-Business Suite Release 12 for its operations in the U.S. and Canada. The company is now adding Mexico to the Oracle E-Business Suite Release 12 Applications. As a system administrator, you need to set the MO: Operating Unit profile option for Mexico. Customer is not using Multi-Org Access Control. You set the MO: Operating Unit profile option at the _____level.

ASite

BUser

CApplication

DResponsibility

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Correct Answer: D

Question No. 3

Which three statements are true about Oracle Workflow and Oracle Alerts? (Choose three.)

AAlerts can perform only one action.

BWorkflow can support complex conditional

CAlerts can be configured for any frequency of occurrence.

DWorkflows can wait for a user response during an activity.

EAlerts can perform multiple actions in a sequence that you specify.

FAlerts run only when a database record is either updated or created

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Correct Answer: B, D, E

Question No. 4

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.)

Atax groups

Blocation sales tax

CAuto Accounting for tax

Dtax classification codes

Eassigning tax code to transaction type

Ftax exemptions for customers and customer sites

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Correct Answer: B, C, F

http://it.toolbox.com/blogs/enterprise-solutions/oracle-financials-implementationndash-ar-setup-workshops-sample-37800

Question No. 5

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

AAssign an invoicing rule with four schedules.

BAssign an accounting rule with four schedules.

CAssign payment terms that have four payment schedules.

DAssign payment terms that have four discount periods defined.

ECreate four lines and assign different payment terms to each line.

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Correct Answer: C

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