1Z0-518 Oracle E-Business Suite R12.1 Receivables Essentials

Exam Number: 1Z0-518
Exam Title: Oracle E-Business Suite R12.1 Receivables Essentials
Duration: 150 minutes
Number of Questions:  80 for both sections combined
Passing Score: E-business Essentials – 60% Receivables – 60%
Validated Against:  This exam is valid for Oracle E-Business Suite 12 and 12.1.
Format: Multiple Choice

Complete Recommended Training

Complete the training below to prepare for your exam (optional):

R12.x Oracle E-Business Suite Essentials for Implementers and
R12.x Oracle Receivables Management Fundamentals

Additional Preparation and Information
A combination of Oracle training and hands-on experience (attained via labs and/or field experience) provides the best preparation for passing the exam.

Resources available to partners only
Training Opportunities for Oracle Partner Network Members
Oracle E-Business Suite Essentials Implementation Boot Camp
Oracle E-Business Suite R12.1 Accounts Receivable Implementation Boot Camp
OPN Guided Learning Path: Oracle E-Business Suite Financial Management Certified Implementation Specialist: Receivables
These earlier courses are still valid exam preparation tools but are no longer being scheduled:
Oracle E-Business Suite R12: E-Business Essentials
R12 Oracle Receivables Management Fundamentals

E-BUSINESS ESSENTIALS

Navigating in R12 Oracle Applications
Log in to Oracle Applications
Navigate from Personal Home Page to Applications
Choose a responsibility
Create Favorites and set Preferences
Use Forms and Menus
Enter data using Forms
Search for data using Forms
Access online Help
Run and monitor Reports and Programs
Log out of Oracle Applications

Introduction to Oracle Applications R12
Explain the footprint of R12 E-Business Suite
Describe the benefits of R12 E-Business Suite
Describe R12 E-Business Suite architecture

Shared Entities and Integration
Explain shared entities within R12 E-Business Suite
Describe key integration points and business flows between products in E-Business Suite (EBS)
Identify Key Business Flows and products involved in E-Business Suite (EBS)

Fundamentals of Flexfields
Describe Flexfields and their components
Identify the steps to implement a Flexfield
Define value sets and values
Define Key Flexfields
Define Descriptive Flexfields

Fundamentals of Multi-Org
Define Multiple Organization (Multi-Org)
Describe the types of organizations supported in the Multi-Org model
Explain the entities of Multi-Org
Explain how Multi-Org secures data
Identify key implementation considerations for Multi-Org
Define Multi-Org Access Control
Explain Multi-Org preferences
Explain Enhanced Multiple-Organization Reporting
Explain the concepts of subledger accounting

Fundamentals of Workflow and Alerts
Explain Workflow concepts
Describe the benefits of Workflow

RECEIVABLES
Process Invoices Using AutoInvoice

Describe the AutoInvoice process
Use AutoInvoice
Understand error correction using AutoInvoice Exception Handling

Bill Presentment Architecture
Explain bill presentment architecture processes
Register data sources
Create templates to present bills
Define rules to assign templates to customers
Print BPA transactions

Receipts
Describe the receipt process
Apply receipts using different methods
Create chargebacks, adjustments and claims
Use balancing segments
Apply non-manual receipts
Create receipts utilizing different methods

Period Closing Process
Describe the sub ledger accounting process in Receivables
Define the various actions required to close a period in the Order to Cash flow
Describe the available reports to assist in the closing process
Explain the Create Accounting program and the Revenue Recognition program

Order to Cash Lifecycle Overview
Describe the overall Order to Cash process from Order Entry through Bank Reconciliation
Discuss the key areas in the Order to Cash lifecycle
Describe integration between applications

Manage Parties and Customer Accounts
Define the features that let you enter and maintain party and customer account information
Create profile classes and assign them to customer accounts
Create and maintain party and customer account information
Merge parties and customer accounts
Enable customer account relationships
Define TCA party paying relationships
View party and customer account information
Define setup options

Credit Management
Set up for credit management
Demonstrate credit profile changes
Identify credit management processing
Use workflow and lookups
Review credit management performance
Apply credit hierarchy

Implement Receipts
Enter setup information relating to receipts
Discuss implementation considerations for Receipts

Overview of Oracle Receivables Process
Explain where the Receivables process is positioned within the Order to Cash lifecycle
Describe the overall Receivables process
Explain the key areas in the Receivables process
Identify open interfaces to import data into Receivables

Process Invoices
Describe how the processing of invoices fits into the Receivables process
Enter and complete invoices
Perform other invoice actions
Correct invoices
Print transactions and statements
Use event-based management

Implement Customer Invoicing
Enter setup information related to invoicing
Discuss the major implementation considerations for customer invoicing

Tax Processing
Understand the E-Business Tax and Receivables Tax Process
Define Receivables Setup Steps for Tax
Manage Tax Accounting and Tax Adjustments

---

QUESTION 1
Identify the two benefits of using Multi-Org Access Control. (Choose two.)

A. View asset Information across multiple asset books.
B. Restrict access to users based on their Organization assignments.
C. Submit and view data across different Ledgers using a single responsibility.
D. Enter Payables invoices for different Operating Units using a single responsibility.
E. View Consolidated requisitions across Operating Units using a single responsibility.

Answer: D,E

Explanation:
https://realworldoracleapps.blogspot.com/2009/02/r12-multi-org-access-controlfeatures.
html

---

QUESTION 2
You are Involved In a project to upgrade to Oracle E-Business Suite, Release 12. You need more
Information about the upgrade processes and paths.
Where would you find the upgrade guide for Oracle E-Business Suite?

A. AppsNet
B. Bug Database
C. Technical Forums
D. Metal ink Knowledge Base
E. Oracle Technology Network
F. Customer Knowledge Exchange

Answer: D

---

QUESTION 3
Which two statements are true regarding partitioning of data by an application? (Choose two.)

A. General Ledger is partitioned by Ledgers.
B. Accounts Payable is partitioned by Ledgers.
C. Fixed Assets are partitioned by Operating Unit.
D. Accounts Receivable is partitioned by Operating Unit.
E. Order Management is partitioned by Inventory Organization.

Answer: A,D

Explanation:
https://oracleappsuserguide.blogspot.com/2009/06/oracle-r12-business-essentialsfaqs_
10.html

---

QUESTION 4
ABC Corp. has determined its Accounting Key Flexfield structure for the Implementation of Oracle
E-Business Suite Release 12. The Accounting Key Flexfield structure contains five Segments:
Company, Business Unit, Department, Account, and Product.
They have the following requirements:
1) The Department values should be based on the Business Units.
2) They want to produce a quarterly Balance Sheet for each Company.
Which three statements are true? (Choose three.)

A. The Product Value Set is dependent on the Accounts.
B. The Business Unit Value Set is defined as Independent.
C. The Account Segment has a Value Set with no Validation.
D. The Company Segment is qualified as the Balancing Segment.
E. The Department Segment Is qualified as an Intercompany Segment.
F. Cross-validation rules are required to enforce dependency of Departments on the Business
Units.

Answer: B,D,F

Explanation:
https://oracle.anilpassi.com/value-set-basics-in-oracle-apps.html
https://www.geekinterview.com/question_details/15974

---

QUESTION 5
Identify four tasks that you can perform using Oracle Workflow in Oracle E-Business Suite
Release 12, (choose four}

A. Automata business processes,
B. Generate account code combinations,
C. Approve standard business documents,
D. Send notifications using Advanced Queuing,
E. Generate Inventory item numbers using item generator workflow,
F. Integrate with third party business systems that are not on a company network.

Answer: A,B,D,F

Explanation:
https://download.oracle.com/docs/cd/A60725_05/html/comnls/us/oe/oefb1.htm
https://download.oracle.com/docs/cd/B34956_01/current/acrobat/120wfag.pdf

Click here to view complete Q&A of 1Z0-518 exam
Certkingdom Review, Certkingdom PDF Torrents

Best Oracle 1Z0-518 Certification, Oracle 1Z0-518 Training at certkingdom.com