Free Oracle 1Z0-518 Exam Questions

Become Oracle Certified with updated 1Z0-518 exam questions and correct answers

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Total 100 Questions | Updated On: Sep 23, 2026

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Question 1

The organization that Receivables uses to validate items is set up using______.

A : the AR: Items Flexfield Mode profile option

B : the AR: Allow Manual Invoice Lines profile option

C : the AR: Item Validation Organization profile option

D : item validation organization In the OM Parameters window

Answer: D

Question 2

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 : Approvals

B : Asset assignment

C : Organization creation

D : Journal Entry creation

E : AutoCreate Purchase Orders

Answer: A,B,E

Question 3

You want an invoice to be due in four stages.

What should you do when creating the invoice to accomplish this?

A : Assign an invoicing rule with four schedules.

B : Assign an accounting rule with four schedules.

C : Assign payment terms that have four payment schedules.

D : Assign payment terms that have four discount periods defined.

E : Create four lines and assign different payment terms to each line.

Answer: C

Question 4

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: A,C,E

Question 5

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

A : Balance sheets are prepared for a Balancing Entity.

B : A Legal Entity may comprise one or more than one balancing segments.

C : Multiple Balancing Entities within the same Operating Unit structure is not supported.

D : A Balancing Entity is represented as a balancing segment value in the accounting flexfield structure.

E : Oracle E-Business Suite Release 12 automatically secures balancing segment values within your chart of accounts with specific Legal Entities or Operating

Answer: A,B,D

Page: 1 / 20

Total 100 Questions | Updated On: Sep 23, 2026

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