Free 1Z0-517 Exam Dumps Preview

Which three are the benefits of the Currency Rates Manager in Oracle General Ledger? (Choose three.)

Which three activities would use summary accounts? (Choose three.)

Identify four purposes for which the Special Calendar is used. (Choose four.)

Select two steps that are NOT elements of creating a Financial Statement Generator (FSG) report in Oracle General Ledger (Choose two.)

Identify the item that requires approval through the workflow process.

Identify three functions that the Create Accounting program provides. (Choose three.)

Jack is hired as an Oracle General Ledger implementation consultant for XYZ Corporation. Select two options that are necessary to enable journal approval. (Choose two.)

Select three features that Multi-Org provides to satisfy business needs. (Choose three.)

Choose the maximum number of secondary ledgers that can be assigned to a primary ledger.

Identify three invoice holds that cannot be manually released. (Choose three.)

To set up Offset Tax under the Tax Configuration tab, which Tax Configuration tab must you select to locate and enable "Set as Offset Tax"?

As part of its closing process, XYZ Corporation reviews receipt accruals. Occasionally, Payables matches incorrectly, and therefore they find that some perpetual accruals never clear, leaving reconciliation items on their accrual reports.

Which two actions can they perform to solve the problem? (Choose two.)

Which four selection criteria can be used when creating a pay run? (Choose four.)

A manager wants to review the cash balance by company. He has asked you to create the summary account template. The company's accounting flexfield has four segments:

company (5 values)

cost centers (30 values)

region (4 values)

account (180 values)
The total number of cash accounts is five that are associated with two parents:

Three accounts are associated with the parent called Checking.

Two accounts are identified with the parent called Savings.

To combine the cash parents, you create a rollup group named Cash.

Which summary account template would you create to review the cash balances by company? (D: Detail) (T: Total)

ABC Corporation has closed their APR-XX accounting period. The APR-XX period started on 27-MAR- 20XX and ended 26-APR-20XX. They have run the Posted Invoice Register, the Posted Payments Register, and two Accounts Payable Trial Balance Reports (as of 30-MAR-20XX and 30-APR-20XX), but they do not balance.

Which two actions must be performed? (Choose two.)

Identify the four setup options that control supplier defaults. (Choose four.)

Scott, a consultant with a leading consulting firm, is implementing Oracle General Ledger at a client site and is setting up FSG reports to be used by different users.

One of the customer requirements is that all users with modify access must not be able to modify privileges on FSG reports. Identify the correct option to meet customer requirements.

Michael is responsible for the accounting setup. Here is the list of accounts for the accounting setup structure mapped to their requirement.

1. suspense account - suspense posting

2. reserve for encumbrance account - exchange rate gain/loss

3. non-postable net income account - average balance processing

4. ledger currency balancing account - for using Oracle subledgers and balance subledger journals by the entered currency and balancing segment value

5. entered currency balancing account - for using Oracle subledgers and balance foreign currency subledger journals by the ledger currency and balancing segment value

Identify two correct mappings of accounts. (Choose two.)

There are numerous Oracle Modules that are integrated into or out of the Payables module.

Identify four Oracle modules that are directly integrated with Oracle Payables. (Choose four.)

Company ABC has implemented Oracle Payables. They have decided not to define supplier bank accounts. They will use payment batches, quick payments, and manual payment processing. Select three payment methods that are available based on the company's requirements. (Choose three.)

Your client is in the process of closing its first year-end. The client completed the accounting cycle and found that several income statement accounts have a remaining balance.

What would be the likely cause of these remaining balances?

Identify three setup options that are defined in the Financial Options window. (Choose three.)

To set up and use Multiple Organization Access Control (MOAC) most effectively, you need to define three
profile options. (Choose three.)

Purchasing has numerous activities that are performed as a key part of the Procure-to-Pay process. Select three activities that are performed in the Purchasing module that will integrate into Payables. (Choose three.)

XYZ Corp. must complete the subledger account process and perform other period-end closing activities.
Payables must validate and account for the remaining invoices that have system holds. Select the period-end processing order to be followed assuming that there are no error transactions.

Choose three required steps while performing the accounting setup in the Accounting Setup Manager. (Choose three.)

Which three are true about internal bank accounts? (Choose three.)

You need to verify that your system has enough resources to handle the volume of accounts that would be generated by the summary account template. The template has been designed as follows:

D-Region-D

The first segment is company, which has ten values.

The second segment is division, which is represented by the rollup group region. It has six parent values.
The last segment is account, which has 500 values.

How many summary accounts would be generated by the template?

Identify three statements that are true for setting up withholding tax for a supplier and supplier site. (Choose three.)

At ABC.com's site, under payables options, the transfer to GL option has been set to summarize by accounting period. The period end close processes for accounts parable have run and the payables journals (Purchase invoices and payments) have been created and posted in General Ledger.

Which statement is true?

R12 uses simplified navigation paths.
To which specific button or navigational notation does (ST) refer?

Using the Payables System Setup Options form, you can enable autonumbering for _____.

Identify two features of Oracle Workflow in Oracle E-Business Suite Release 12. (Choose two.)

Which statement is FALSE about the Stop Payments Report?

Identify the four reports you must run when reconciling invoices and payments to the Accounts Payable Trial Balance Report. (Choose four.)

Scott, the CFO at ABC Company in the USA, wants to present the annual income statement to the board of directors of the company. ABC Company engages in many exports and import activities and follows the policy to revalue all its transactions in foreign currency with the current market rates. Scott requests George, the head accountant of the company, to revalue all foreign currency transactions done during the

year. Select two prerequisites that George must comply with to ensure that the revaluation is done as desired. (Choose two.)

For each subledger, there must be one _____.

In the Payment Process Requests, which action(s) can you perform on invoices that are selected for a pay run?

1. Review unselected invoices.

2. Change the invoice amount or the discount taken.

3. Add selected invoices to the payment process request.

4. Remove selected invoices from the payment process request.

5. Recalculate interest, payment withholding, or exchange rates.

Identify three statements that are true for E-Business Tax. (Choose three.)

You are implementing Oracle E-Business Suite Release 12 General Ledger for ABC Corporation. Identify two setups required for journal approval. (Choose two.)

Which three statements are true about prepayments? (Choose three.)

Identify three ways that an invoice can be submitted for validation. (Choose three.)

You set the GL: Journal Review Required profile option to "Yes." Identify the result.

The period-close processes of which Oracle Applications can be directly affected by the Payables period-close activities and processes? (Choose all that apply)

Subledger Accounting is a rule-based accounting engine that centralizes accounting for Oracle E-
Business Suite Release 12 products. Select the Oracle application that is NOT a Subledger Accounting module.

Identify three statements that properly describe the use of distribution sets. (Choose three.)

Which event reverses an accrual for an item set to accrue on receipt?

Jack, the CFO of ABC Company, wants to prepare the annual capital expenditure budget for the current year where the company plans to grow in the last quarter of the year. The capital expenditure budget is subdivided in multiple items, and the corporate calendar used at ABC Company has thirteen periods.
Identify the three budget rules that Jack must use to minimize the effort. (Choose three.)

Identify three key accounts to be considered during the implementation of Payables that impacts the reconciliation of the accounts payable liability accounts. (Choose three.)

Sam, the CFO of XYZ Company, finds that in the expenditure budget of the current year, there are many funds available in the stationery account, whereas there is not much amount left for employee travel expenses. Sam instructs the budget analyst John to transfer 80% of the stationery account to the travel expenses account. While transferring the amount, John encountered errors and approached Sam for a resolution. Sam reviews the situation and clarifies it to John. Choose what Sam would have explained to John.

The rate variance Gain/Loss accounts specified in the Financial Options - Accounting region are used to account for _____.

Select the three windows where a user can manually release an invoice hold or payment hold. (Choose three.)

Select three statements that apply to the Global Consolidation System (GCS). (Choose three.)

Jane, the GL accountant, asks you whether she could delete the budget after it has been defined. She also wants to know whether she could delete the budget organization after it has been defined.

What would be your response?

To review "All of Today's" selected invoice from the payment process request in the Payment Manager, perform these actions:

1. Navigate to the Paymnent Process Request component.
2. Navigate to the (B) Views window.
3. Select "All of Today's" from the drop-down list.
4. Click the Go button.
5. The payment process request for today is displayed.

Select the actions, arranged in their proper sequence.

XYZ Corp. has acquired ABC Corp. XYZ operates with Multi-Org Access Control. Consequently XYZ Corp. needs to add additional Operating Units. Identify the statement that describes the sequence for adding additional Operating Units.

Payment process request templates are created on the Templates tabbed page of the Payments Manager to simplify pay run processing. All statements in the list below represent steps to create a payment process request template.

Which one is the first step?

Identify three statements that describe Payment Terms. (Choose three.)

Identify two events that take place when an invoice is matched to a purchase order. (Choose two.)

The GL accountant has defined the budget and wants the assistant accountants to enter and update the budget. The GL accountant wants this budget to be the default.

What would be your response?

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.

To enter manual tax lines on invoices, enable manual tax options in E-Business Tax. You can set these options at the Event Class, Configuration Owner, or Tax level.

Under the manual tax options (Event Class, Configuration Owner, or Tax level), which common capability is found?