Free 1Z0-518 Practice Test Questions and Answers (2026) | Cert Empire Practice Questions

Get 1Z0-518 Exam Questions

Free preview: 20 questions.

Already purchased? Log in

Oracle 1Z0-518

View Mode
Q: 1
Several fields are required during manual Invoice entry. Which are the fields required at the header level?
Options
Q: 2
Organizations have unique credit policies that aid for managing their collections and establishing relationships with customers. Describe the two dimensions on which Oracle Credit Management is based. (Choose two.)
Options
Q: 3
Which two statements are true about invoicing rules and accounting rules? (Choose two.)
Options
Q: 4
Which four transactions are improved by Auto Invoice? (Choose four)
Options
Q: 5
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 charge backs or adjustments. What would be your advice to ensure compliance with this internal control?
Options
Q: 6
Identify three setups In Oracle Receivables that control how discounts are calculated. (Choose three.)
Options
Q: 7
Identify two correct statements related to Key Performance Indicators and the KPI region in Daily Business Intelligence. (Choose two.)
Options
Q: 8
Your client has set up Oracle Lease Management (OLM) and Oracle Credit Management (OCM) without scoring models. Which three tasks can be successfully completed by Oracle Workflow in OCM without manual intervention? (Choose three.)
Options
Q: 9
BT Inc. Is Implementing Oracle Accounts Receivable to Interface with an external non-Oracle legacy billing system. The client wants Receivables to generate accounting entries, Instead of sending accounting data through the Interface. Identify four setup items that are used by Receivables to generate the General Ledger (GL) code combinations. (Choose four,)
Options
Q: 10
You are Involved In a project to upgrade to Oracle E-Business Suite, Release 12. You need more information about the upgrade processes and paths. Where would you find the upgrade guide for Oracle E-Business Suite?
Options
Q: 11
ABC Corp. has determined its Accounting Key Flex field structure for the Implementation of Oracle E- Business Suite Release 12. The Accounting Key Flex field structure contains five Segments: Company, Business Unit, Department, Account, and Product. They have the following requirements: 1) The Department values should be based on the Business Units. 2) They want to produce a quarterly Balance Sheet for each Company. Which three statements are true? (Choose three.)
Options
Q: 12
Oracle Credit Management (OCM) uses lookups to help speed up data entry and increase accuracy. Select two required lookups used by OCM. (Choose two.)
Options
Q: 13
Your functional end users are perplexed by the contents of the Auto Invoice 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?
Options
Q: 14
XYZ Company has disabled the Receivables Profile Option "AR: Disable Receivable Activity Balancing Segment*. What must be defined In order for the General Ledger Transfer process to execute without error?
Options
Q: 15
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.)
Options
Q: 16
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?
Options
Q: 17
Which three statements are true about accounting rules? (Choose three.)
Options
Q: 18
Which three statements are true about Balance Forward Billing? (Choose three.)
Options
Q: 19
The organization that Receivables uses to validate items is set up using______.
Options
Q: 20
Which two statements are true regarding partitioning of data by an application? (Choose two.)
Options
Question 1 of 20

Premium Access Includes

  • ✓Quiz Simulator
  • ✓Exam Mode
  • ✓Progress Tracking
  • ✓Question Saving
  • ✓Flash Cards
  • ✓Drag & Drops
  • ✓3 Months Access
  • ✓PDF Downloads
Get Premium Access
Scroll to Top

FLASH OFFER

Days
Hours
Minutes
Seconds

avail 10% DISCOUNT on YOUR PURCHASE

  • USE THE CODE GIVEN BELOW ON YOUR CHECKOUT
DISCOUNT10