Free Oracle 1Z1-518 Exam Dumps Questions & Answers

Select four key system options in Oracle Receivables that are related to customers.
(Choose four.)

• A.create reciprocal customer
• B.automatic site numbering
• C.allow payment of unrelated transactions
• D.receipt method
• E.customer credit classification
• F.default country
• G.automatic customer numbering

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

• A.to identify unposted transactions
• B.to identify transactions that do not appear In the Aging report
• C.to Identify order lines with workflow stuck
• D.to identify order lines with a back order credit hold
• E.to identify transactions that do not appear In the Transaction Register
• F.to Identify AutoInvoice validation errors

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.setting up flexible address format in a descriptive flexfield
• B.creating address style lookup
• C.setting up the "Default Address" profile option
• D.creating flexible address code
• E.assigning address style to a specific country

To create a party paying relationship, the relationship type must be hierarchical and the party type must be_______.

• A.person or organization
• B.parent
• C.organization
• D.child
• E.person

Organizations have unique credit policies that aid for managing their collections and establishing relationships with customers.
Describe the two dimensions on which Oracle Credit Management is based. (Choose two.)

• A.various customer credit classifications
• B.various analysis of prior billing period and receipt history of customers
• C.various analysis of customers on the basis of the aging of their outstanding balances
• D.various credit review types identified by collectors