1Z0-518 | All About Guaranteed 1Z0-518 examcollection
Q51. 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.)
A. tax groups
B. location sales tax
C. AutoAccounting for tax
D. tax classification codes
E. assigning tax code to transaction type
F. tax exemptions for customers and customer sites
Answer: BCF
Q52. Identify four features of Workflow Monitor. (Choose four)
A. enables you to view your workflows
B. enables you to modify a workflow definition file
C. enables you to download a workflow definition file
D. displays status information for the process instance
E. enables administrators to perform control Operations
F. enables you to search for a workflow process instance
G. provides only summary-level information about individual activities of a workflow process
Answer: ADEF
Q53. You have logged In to the Oracle E-Business Suite Release 12 Instance and accessed your worklist. You see four FYI notifications in your default Worklist view. You opened the first notification and clicked the "OK" button after reviewing the content.
Identify three things that can happen after you return to your worklist. (Choose three.)
A. You see four notifications in your worklist.
B. You see three notifications in your worklist.
C. Status of the first notification has been updated to "Delete."
D. Status of the first notification has been updated to "Closed."
E. You can view the first notification by choosing the "All Notifications" view from your worklist.
F. You can view the first notification by choosing the "FYI Notifications" view from your worklist.
Answer: BDE
Q54. Your client has requirements to enter customers, suppliers, and remit-to addresses In countryspecific 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 address style lookup
B. creating flexible address code
C. setting up the "Default Address" profile option
D. assigning address style to a specific country
E. setting up flexible address format in a descriptive flexfield
Answer: ADE
Q55. Identify two types of regions In Daily Business Intelligence, (Choose two.)
A. menu
B. table
C. folder
D. report
E. graph
Answer: BE
Q56. Which three statements are true about Oracle Workflow and Oracle Alerts? (Choose three.)
A. Alerts can perform only one action.
B. Workflow can support complex conditional
C. Alerts can be configured for any frequency of occurrence.
D. Workflows can wait for a user response during an activity.
E. Alerts can perform multiple actions in a sequence that you specify.
F. Alerts run only when a database record is either updated or created
Answer: BDE
Q57. To properly associate one transaction type with another In Receivables, you have to define transact/on types In a specific order. Identify the correct order.
A. invoice, credit memo, debit memo
B. Invoice, debit memo, credit memo
C. credit memo, invoice, debit memo
D. credit memo, debit memo, invoice
E. debit memo, invoice, credit memo
F. debit memo, credit memo, invoice
Answer: C
Q58. 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?
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.
Answer: C
Q59. Identify three purposes for which transaction types can be used. (Choose three.)
A. to record how cash can be applied to transactions
B. to set whether AutoInvoice validates transactions using IDs or values
C. to set whether transactions affect the Accounts Receivable (AR) customer balances
D. to record the accounting flexfield value that would be used for the cash account for transactions
E. to record the accounting flexfield value that would be used for the receivable account for transactions
F. to set transaction numbers to be either assigned automatically or entered manually for transactions
Answer: ACE
Q60. Event Types in Subledger Accounting Is a grouping of_______.
A. Events
B. Accounts
C. Event Models
D. Event Entitles
E. Event Classes
Answer: E