Oracle 1Z0-518 Actual Free Exam Questions & Community Discussion

Exam Code/Number: 1Z0-518
Exam Name/Title: Oracle EBS R12.1 Receivables Essentials
Certification Provider: Oracle
Corresponding Certification: Other Oracle Certification

Exam Questions: 100
Updated On: Jul 07, 2026

Question #1

During the cutover phase of a project to Implement Oracle E-Business Suite Release 12, you are responsible for converting historical account balances into Oracle General Ledger from a legacy system. There is no Account Code Combination setup in the Production Instance.
Identify the setup in the Accounting Key Flexfield structure that is required to perform this conversion.

A. Define Value Sets and assign them to Segments.

B. Qualify one of the Segments as the Balancing Segment.

C. Select the "Allow Dynamic Inserts" check box in the Accounting Key Flexfield structure.

D. Define Segments in the Accounting Flexfield structure.

E. The Key Flexfield Segments have to be enabled and displayed.

Discussion 0

Correct Answer: C Vote an answer

Question #2

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 yes at the application level for the three analysts.

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 no at the responsibility level.

Discussion 0

Correct Answer: C Vote an answer

Question #3

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

A. implementing credit decisions for organizations

B. implementing credit decisions for individuals

C. gathering organization account credit data

D. analyzing customer account credit data for Individuals

E. analyzing prospect credit data

F. gathering prospect credit data

Discussion 0

Correct Answer: A,C,E,F Vote an answer

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Question #4

Your client has requirements to enter customers, suppliers, and remit-to addresses In country-specific 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. setting up the "Default Address" profile option

C. creating flexible address code

D. assigning address style to a specific country

E. setting up flexible address format in a descriptive flexfield

Discussion 0

Correct Answer: A,D,E Vote an answer

Question #5

AutoLockbox execution employs a multistep process. These steps can be submitted individually or at the same time from the Submit lockbox Processing window.
Identify the correct sequential combination of steps that are executed white running the AutoLodcbox concurrent process In Oracle Receivables.

A. enter receipts, validate data, apply QuickCash

B. enter receipts. Import bank file, validate data, post QuickCash, apply receipts

C. enter receipts. Import bank file, validate data, post QuickCash

D. import bank file, validate data, post QuickCash

E. Import bank file, enter receipts, validate QuickCash

Discussion 0

Correct Answer: D Vote an answer

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Question #6

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 Entities, and two Operating Units

B. two Ledgers, two Legal Entitles, and three Operating Units

C. two Ledgers, two Legal Entitles, and two Operating Units

D. three Ledgers, three Legal Entities, and three Operating Units

E. two Ledgers, three Legal Entitles, and three Operating Units

Discussion 0

Correct Answer: E Vote an answer

Question #7

How many data source views can you register for the Lines data source in Bill Presentment Architecture?

A. one

B. five

C. seven

D. nine

Discussion 0

Correct Answer: A Vote an answer

Question #8

Which two statements are true regarding partitioning of data by an application? (Choose two.)

A. Fixed Assets are partitioned by Operating Unit.

B. Accounts Payable is partitioned by Ledgers.

C. Accounts Receivable is partitioned by Operating Unit.

D. Order Management is partitioned by Inventory Organization.

E. General Ledger is partitioned by Ledgers.

Discussion 0

Correct Answer: C,E Vote an answer

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Question #9

A user is reconciling transaction balances in the closing process.
Why would the user run the Invoice Exceptions Report?

A. to identify transactions that do not appear In the Aging report

B. to Identify order lines with workflow stuck

C. to identify transactions that do not appear In the Transaction Register

D. to Identify AutoInvoice validation errors

E. to identify unposted transactions

F. to identify order lines with a back order credit hold

Discussion 0

Correct Answer: A Vote an answer

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Question #10

ABC Corporation will be implementing Oracle E-Business Suite Release 12. Purchasing, Payables, Receivables, General Ledger, Assets, Projects, Order Management and Cash Management will be implemented. Select three business flows that would involve these products. (Choose three.)

A. Project to Profit

B. Campaign to Order

C. Procure to Pay

D. Demand to Build

E. Order to Cash

F. Click to Order

Discussion 0

Correct Answer: A,C,E Vote an answer

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