1Z1-518 Exam Training Practice Tests (Oracle EBS R12.1 Receivables Essentials)]

Question 1

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

A. is a strategic business factor that is used for reporting B. organizes data into reporting hierarchies C. contains a unique set of graphical information on a dashboard D. can be configured for each dashboard E. can be of table format only

Correct Answer: A,D

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Question 2

Select three features that Multi-Org provides to satisfy business needs. (Choose three.)

A. supports multiple language installations of Oracle Applications B. procures from one Legal Entity and receives in another C. supports fixed asset management D. supports any number of business units within a single installation E. secures user access to data

Correct Answer: B,D,E

Question 3

A Global Single Instance (GSI) provides global enterprise with a single, complete data model, Identify three features in Oracle E-Business Suite Release 12 that support a GSI, (Choose three)

A. automation of standardized documents and audit processor B. maintenance of third-party applications C. consolidation of data center and lowing administrator overhead D. decentralization of operations by regions, division, or process E. capture of statutory and customary local requirement in the same database

Correct Answer: A,C,E

Question 4

Journal creation rules in Subledger Accounting are defined by event type and event class. Identify the event type associated with the event class of reverse.

A. adjustment B. invoice C. credit memo D. bills receivable E. receipts F. chargeback G. transactions

Correct Answer: E

Question 5

Identify three standard views that you can access from the Notification Worklist of Oracle Workflow Self-Service Web pages in Oracle E-Business Suite Release 12. (Choose three.)

A. To Do Notifications B. Rejected Notifications C. Open Notifications D. Notifications from Me E. Closed Notifications

Correct Answer: A,C,D

Question 6

AutoLockbox execution employs a multistep process. These steps can be submitted individually or at the same time from the Submit lockbox Processing window.
Identify the correct sequential combination of steps that are executed white running the AutoLodcbox concurrent process In Oracle Receivables.

A. Import bank file, enter receipts, validate QuickCash B. enter receipts. Import bank file, validate data, post QuickCash C. import bank file, validate data, post QuickCash D. enter receipts, validate data, apply QuickCash E. enter receipts. Import bank file, validate data, post QuickCash, apply receipts

Correct Answer: C

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Question 7

ABC Corp. has set up the Asset Category Key Flexfield. It has also set up a Descriptive Flexfield to store vehicle Information associated with the asset category "Vehicle." Identify two correct statements (Choose two.)

A. The setting up of the Descriptive Flexfield is mandatory. B. Only the Asset Category Key Flexfield is associated with tables In the Oracle Assets module. C. The Descriptive Flexfield attributes are associated with tables in the Oracle Assets module. D. The Asset Category Flexfield is owned by the Oracle Assets module.

Correct Answer: C,D

Question 8

Your client has requirements to enter customers, suppliers, and remit-to addresses In country-specific formats for the United States, United Kingdom, and Ireland. Which are the three steps required to set up new flexible address formats in Oracle Applications? (Choose three.)

A. creating flexible address code B. setting up the "Default Address" profile option C. setting up flexible address format in a descriptive flexfield D. creating address style lookup E. assigning address style to a specific country

Correct Answer: C,D,E

Question 9

Identify the two values that the Reporting Level parameter can have when using cross organization reports with the Multi-Org Access Control feature. (Choose two.)

A. Legal Entity B. Security Profile C. Operating Unit D. Ledger E. Business Group

Correct Answer: C,D

Question 10

Select four key system options in Oracle Receivables that are related to customers.
(Choose four.)

A. automatic customer numbering B. allow payment of unrelated transactions C. create reciprocal customer D. customer credit classification E. default country F. automatic site numbering G. receipt method

Correct Answer: A,B,C,F

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