Pass the Oracle Oracle Other Certification 1z0-518 Questions and answers with CertsForce

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Questions # 1:

Company X has three Operating Units: A, B, and C, Each Operating Units has the MO: Security Access profile option called ABC Security assigned, Operating Units A has both MO: Operating Units profile option and the MO: Default Operating Units profile option assigned to it,

Which statement is true?

Options:

A.

Paul can create transactions for A, B, and C Operating Units.


B.

All transactions created by Paul are automatically assigned to Operating Units A.


C.

Paul can report on data across A, B, and C Operating Units, but enter transactions only against A.


D.

The profile option did not include Operating Unit B and Operating Unit C due to an error by system administrator.


E.

The Payables responsibility is linked to the Operating Unit A by the MO: Operating Unit profile option and can create transactions for that Operating Unit alone.


Expert Solution
Questions # 2:

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

Options:

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


Expert Solution
Questions # 3:

Ten analysts are assigned the same Receivables responsibility and are given their own logins. The requirement is to restrict three of the analysts from creating chargebacks or adjustments.

What would be your advice to ensure compliance with this internal control?

Options:

A.

Use forms personalization to restrict function access.


B.

Set the "AR: Cash - Allow Actions" system profile to no at the responsibility level.


C.

Set the "AR: Cash - Allow Actions" system profile to no at the user level for the three analysts.


D.

Set the "AR: Cash - Allow Actions" system profile to yes at the user level for the three analysts.


E.

Set the "AR: Cash - Allow Actions" system profile to yes at the application level for the three analysts.


Expert Solution
Questions # 4:

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.)

Options:

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.


Expert Solution
Questions # 5:

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

Options:

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


Expert Solution
Questions # 6:

Indentify the component in Subledger Accounting the enables you to meet the requirements for multiple accounting representations for an event.

Options:

A.

Event Definition


B.

Event Classification


C.

Subledger Accounting method


D.

Application Accounting Definition


Expert Solution
Questions # 7:

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.)

Options:

A.

Open Notifications


B.

To Do Notifications


C.

Closed Notifications


D.

Notifications from Me


E.

Rejected Notifications


Expert Solution
Questions # 8:

A receipt of $2,000 Is received for an Invoice that has $1,500 as the amount due. The remittance advice does not state a reason for the overpayment Identify the receipt state that should be displayed;

Options:

A.

applied


B.

unapplied


C.

on-account


D.

unidentified


E.

partially applied


Expert Solution
Questions # 9:

Your client is Implementing Oracle Financials and Order Management. The AR team lead has heard about the Tax Reporting Ledger and wants to know which subledger modules are used by the report. Identify three applications that can be reported by the Tax Reporting Ledger.

(Choose three.)

Options:

A.

Treasury


B.

Payables


C.

Purchasing


D.

Receivables


E.

General Ledger


F.

Cash Management


G.

Order Management


Expert Solution
Questions # 10:

Identify four tasks that you can perform using Oracle Workflow in Oracle E-Business Suite Release 12, (choose four}

Options:

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.


Expert Solution
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