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2016 Sep 1Z0-518 actual exam

Q1. 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.

Answer: B

Q2. Identify three features of a Balancing Entity. (Choose three.)

A. Balance sheets are prepared for a Balancing Entity.

B. A Legal Entity may comprise one or more than one balancing segments.

C. Multiple Balancing Entities within the same Operating Unit structure is not supported.

D. A Balancing Entity is represented as a balancing segment value in the accounting flexfield structure.

E. Oracle E-Business Suite Release 12 automatically secures balancing segment values within your chart of accounts with specific Legal Entities or Operating Units.

Answer: ABD

Q3. Which two statements are true about invoicing rules and accounting rules? (Choose two.)

A. If a transaction has an invoicing rule, an accounting rule is optional.

B. If a transaction has an invoicing rule, an accounting rule is not allowed.

C. If a transaction has an invoicing rule, an accounting rule is also required.

D. Invoicing rules and accounting rules have no effect until Invoices are paid.

E. Invoicing rules and accounting rules have no effect unless you choose the accrual method of accounting.

F. Invoicing rules determine when invoices are due. Accounting rules affect how invoices me accounted for

Answer: CE

Q4. ABC Corp. has the following Organization Structure:

1) Legal Entity: A

2) Operating Units: B and C

3) Balancing Entities: 10, 20, and 30

Identify three correct statements regarding the Balancing Entity. (Choose three.)

A. Each Balancing Entity must balance within itself.

B. There can be multiple Balancing Entities within an Operating Unit.

C. Balancing Entity is the lowest postable unit in the Chart of Accounts.

D. Balancing Entities can be automatically secured at the Legal Entity level.

E. Balancing Entities can be secured at the Operating Unit level through Security Rules.

Answer: ABE

Q5. A user is reconciling transaction balances in the closing process.

Why would the user run the Invoice Exceptions Report?

A. to identify unposted transactions

B. to Identify AutoInvoice validation errors

C. to Identify order lines with workflow stuck

D. to identify order lines with a back order credit hold

E. to identify transactions that do not appear In the Aging report

F. to identify transactions that do not appear In the Transaction Register

Answer: E


Up to the immediate present 1Z0-518 actual test:

Q6. Identify three true statements about defining actions In Oracle Alert. (Choose three.)

A. An alert can contain only one Action Set.

B. An alert can contain any number of Action Sets.

C. When multiple actions are defined they must be Included fn an Action Set.

D. Oracle Alert waits for user response before executing next action fn an Action Set.

E. When multiple actions are defined, they do not need to be included in an Action Set.

F. Oracle Alert does not wait for user response before executing next action In an Action Set.

Answer: BCF

Q7. Identify two correct statements about Oracle Receivables. (Choose two.)

A. AutoAccounting is only used for the imported transactions.

B. Errors in the AutoInvoice are sent to the Interface Exceptions table.

C. Receivables transactions cannot be changed after they are printed.

D. Receipt accounting can be transferred after the receipts are entered and saved.

E. Transfer to General Ledger can transfer transaction accounting entries after the transactions are entered and saved.

Answer: BD

Q8. 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.

Answer: B

Q9. Select four processes that are facilitated by the credit management workflow. (Choose four.)

A. gathering prospect credit data

B. analyzing prospect credit data

C. gathering organization account credit data

D. implementing credit decisions for individuals

E. implementing credit decisions for organizations

F. analyzing customer account credit data for Individuals

Answer: ABCE

Q10. 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

Answer: BD