Online Access Free 1Z0-518 Practice Test

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

• A.Oracle E-Business Suite Release 12 automatically secures balancing segment values within your chart of accounts with specific Legal Entities or Operating Units.
• B.A Balancing Entity is represented as a balancing segment value in the accounting flexfield structure.
• C.Balance sheets are prepared for a Balancing Entity.
• D.A Legal Entity may comprise one or more than one balancing segments.
• E.Multiple Balancing Entities within the same Operating Unit structure is not supported.

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.)

• A.creating a final credit recommendation
• B.sending notifications to the credit scheduler
• C.creating a credit application
• D.creating a case folder
• E.calculating a credit score

XYZ Corp. has operations In the U.S. and Canada. Within Canada, it has two separate Divisions due to Statutory requirements: one in Quebec and another in Ontario.
How would you define the organization structure for XYZ Corp. from the Information given above?

• A.two Ledgers, three Legal Entitles, and three Operating Units
• B.two Ledgers, two Legal Entitles, and two Operating Units
• C.two Ledgers, three Legal Entities, and two Operating Units
• D.two Ledgers, two Legal Entitles, and three Operating Units
• E.three Ledgers, three Legal Entities, and three Operating Units

Which three statements are true about Balance Forward Billing? (Choose three.)

• A.Activity can be consolidated across account sites, or by each billing site.
• B.Billing date is an optional grouping rule.
• C.Accept Consolidated Billing Invoices program is available.
• D.Print New Consolidated Billing Invoices program is available.
• E.Billing date value is mandatory when cycle is external.
• F.It considers both manual transactions and imported transactions.

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?

• A.Paul can create transactions for A, B, and C Operating Units.
• B.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.
• C.All transactions created by Paul are automatically assigned to Operating Units A.
• D.Paul can report on data across A, B, and C Operating Units, but enter transactions only against A.
• E.The profile option did not include Operating Unit B and Operating Unit C due to an error by system administrator.