Free Oracle 1Z1-518 Exam Dumps Questions & Answers

What are the three elements involved in submitting a concurrent request? (Choose three.)

• A.  defining a submission schedule
• B.  selecting Operating Unit
• C.  providing completion option
• D.  selecting the request or request set to be submitted
• E.  selecting report language

You are the Human Resources lead for the ERP implementation of ABC Corporation. You have defined the employees in Oracle Human Resources. Select three activities that utilize the employee record. (Choose three.)

• A.  AutoCreate Purchase Orders
• B.  Organization creation
• C.  Approvals
• D.  Asset assignment
• E.  Journal Entry creation

Horizon Real Estate Company usually Issues rent Invoices to its tenants at the beginning of every quarter. It recognizes the monthly rent revenue on the first day of each month. However, some tenants are required to make the monthly rent payments in two installments that is on the 15th and the fast day of the month. Which two statements are correct about the possible solutions for this business requirement? (Choose two.)

• A.  Invoicing rules can be set to defer the monthly rent revenue.
• B.  Invoicing rules can be set to allow customers to make payments in two installments.
• C.  Payment term can be set to allow customers to make payments in two installments.
• D.  Payment term can be set to defer the monthly rent revenue.
• E.  Accounting rules can be set to allow customers to make payments in two installments.
• F.  Accounting rules can be set to defer the monthly rent revenue.

Which three statements are true about accounting rules? (Choose three.)

• A.  Accounting rules enable you to define fixed and variable rules to recognize revenue.
• B.  Accounting rules enable you to define the number of periods and amount of invoice that you can bill your customer in each accounting period.
• C.  Accounting rules enable you to define the number of periods and percentage of total revenue that you can record in each accounting period.
• D.  Accounting rules enable you to defer revenue.

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 Legal Entity may comprise one or more than one balancing segments.
• C.  A Balancing Entity is represented as a balancing segment value in the accounting flexfield structure.
• D.  Balance sheets are prepared for a Balancing Entity.
• E.  Multiple Balancing Entities within the same Operating Unit structure is not supported.