Oracle EBS R12.1 Receivables Essentials - 1Z0-518 Exam Questions [2026]

QUESTION NO: 1
Event Types in Subledger Accounting Is a grouping of_______.

A. Events B. Event Classes C. Event Models D. Accounts E. Event Entitles

Correct Answer: B

QUESTION NO: 2
View the Exhibit.

While entering a journal in the Journals form, you enter a code combination of 29.402.4519.2103.240 in the five-segment Accounting Flexfield. However, you are unable to proceed after entering this account combination.
What could be the problem in the structure definition of the Accounting Flexfield?

A. The "Freeze Rollup Groups" check box is selected. B. The "Freeze Flexfield Definition" check box is selected. C. The "Allow Dynamic Inserts" check box is deselected. D. The "Cross-Validate Segments" check box is selected.

Correct Answer: C

QUESTION NO: 3
You have just opened the Transactions form. Which field would you see on this form?

A. cost center B. company C. operating unit D. legal entity

Correct Answer: D

QUESTION NO: 4
Identify two options that users can specify using Multi-Org preferences. (Choose two.)

A. set up frequently accessed forms and webpages B. set up the access to a limited list of Operating Units C. set up frequently accessed responsibilities D. set up date, currency, and number formats E. set up the default Operating Unit

Correct Answer: B,E

QUESTION NO: 5
To create a party paying relationship, the relationship type must be hierarchical and the party type must be_______.

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

Correct Answer: C

QUESTION NO: 6
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 customers on the basis of the aging of their outstanding balances C. various analysis of prior billing period and receipt history of customers D. various credit review types identified by collectors

Correct Answer: A,D

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QUESTION NO: 7
Select three statements that apply to IReceivables. (Choose three.)

A. It Is a Web-based self-service application. B. It is geared towards call centers, as well as credit and collections departments. C. It can be used to verify the status of Invoices and receipts. D. It can be used to initiate the Oracle Approvals Management (AME) credit memo request workflow.

Correct Answer: A,C,D

Explanation: Only visible for Pass4Test members. You can sign-up / login (it's free).

QUESTION NO: 8
Which two options would you use to restrict the functionality provided by a responsibility? (Choose two.)

A. constructing a new menu hierarchy B. creating an appropriate group C. defining rules to exclude specific functions D. creating an appropriate role

Correct Answer: A,C

QUESTION NO: 9
Which two statements are true regarding ownership of shared entities? (Choose two)

A. Customers is owned by Oracle Human Resources, whereas Locations is owned by Oracle Receivables. B. Ledger is owned by Oracle General Ledger, whereas Locations Is owned by Oracle Human Resources. C. Sales Force is owned by Oracle Order Management, whereas Employees is owned by Oracle Human Resources. D. Suppliers is owned by Oracle Purchasing, whereas Units of Measure Is owned by Oracle Inventory. E. Items is owned by Oracle Purchasing, whereas Locations Is owned by Oracle Receivables,

Correct Answer: B,D

QUESTION NO: 10
Select three features that Multi-Org provides to satisfy business needs. (Choose three.)

A. procures from one Legal Entity and receives in another B. secures user access to data C. supports fixed asset management D. supports any number of business units within a single installation E. supports multiple language installations of Oracle Applications

Correct Answer: A,B,D