Oracle 1Z0-517 Online Practice Questions and Exam Preparation

Oracle 1Z0-517 Online Questions & Answers

• Question 1:

  Identify the three levels that a Pay Group may be assigned. (Choose three.)

  A. invoice
  B. supplier
  C. supplier's site
  D. payment type
  E. purchase order
  A. invoice
  B. supplier
  C. supplier's site

• Question 2:

  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.)

  A. Ensure that all invoices for the period are paid.
  B. Check the dates on their Accounts Payable Trial Balance Reports.
  C. Ensure that invoice and payment journals are posted in General Ledger.
  D. Ensure that there are no unaccounted transactions in APR-XX by using the Unaccounted Transactions Report.
  B. Check the dates on their Accounts Payable Trial Balance Reports.
  C. Ensure that invoice and payment journals are posted in General Ledger.

• Question 3:

  To transmit an electronic payment instruction manually, perform these four steps.

  1.

  In the Payments Manager, select the Payment Instruction tab.

  2.

  In the Status field of the Search region, select Formatted - Ready for Transmission and click the Go button.

  3.

  For the applicable payment instruction, click the Take Action icon. The Transmit Payment Instruction: page is displayed.

  4.

  From the Action drop-down list, select Transmit and click the Go button.

  Arrange the steps in the proper sequence they would be performed.

  A. 1, 3, 2, 4
  B. 1, 2, 3, 4
  C. 1, 3, 4, 2
  D. 2, 3, 4, 1
  B. 1, 2, 3, 4

• Question 4:

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

  A. invoices
  B. suppliers
  C. payments
  D. employees
  E. expense reports
  B. suppliers

• Question 5:

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

  A. You cannot enter prepayments invoices in the Quick Invoice window.
  B. You cannot change a permanent type prepayment to a temporary type prepayment.
  C. You can only partially apply a prepayment to an invoice if the prepayment is partially paid.
  D. A prepayment is a type of invoice that you enter to make an advance payment to a supplier or employee.
  E. Temporary prepayments can be applied to invoices or expenses reports. Permanent prepayments cannot be applied to invoices.
  F. It is not necessary to void the payment document that paid the prepayment to cancel an applied prepayment. You simply need to unapply the prepayment and cancel it.
  A. You cannot enter prepayments invoices in the Quick Invoice window.
  D. A prepayment is a type of invoice that you enter to make an advance payment to a supplier or employee.
  E. Temporary prepayments can be applied to invoices or expenses reports. Permanent prepayments cannot be applied to invoices.

• Question 6:

  You are scheduling multiple payments to pay an invoice amount of $1,000 over multiple dates. Describe the process for scheduling one payment of $600 and a second payment of $400.

  1.

  Go to the Scheduled Payments tabbed page of the Invoices form.

  2.

  Keep the original invoice amount of $1,000.

  3.

  Let the due date default to the first scheduled payment date.

  4.

  Adjust the gross amount from $1,000 to $600. 5 Click the Split Schedule button.

  6. Update the due date on the new line item to the last scheduled payment date.

  A. 3, 4, 5, 6
  B. 1, 2, 3, 5, 6
  C. 1, 5, 2, 3, 4, 6
  D. 2, 1, 3, 4, 5, 6
  C. 1, 5, 2, 3, 4, 6

• Question 7:

  The Expense Report Export program converts expense reports into invoices. Identify three statements about the export process and expense reports. (Choose three.)

  A. Payables can export and expense a report many times.
  B. Payables records the source of and details about invoices.
  C. Expense reports entered in Payables are visible only in Payables.
  D. Expense reports entered in Internet Expenses are visible in Payables.
  E. Unapproved expense reports can be exported for approval in Payables.
  F. If the expense report export files, the report may be modified and the Expense Report Export program may be rerun.
  A. Payables can export and expense a report many times.
  B. Payables records the source of and details about invoices.
  D. Expense reports entered in Internet Expenses are visible in Payables.

• Question 8:

  Identify two values that the Reporting Level parameter can have when using cross organization reports with the Multi-Org Access Control feature. (Choose two.)

  A. Ledger
  B. Legal Entity
  C. Operating Unit
  D. Security Profile
  E. Business Group
  A. Ledger
  C. Operating Unit

• Question 9:

  Identify three features of Key Flexfield. (Choose three.)

  A. Key Flexfield are used as identifiers for entities.
  B. The Key Flexfield structure comprises Segments.
  C. A Key Flexfield structure consists of multiple code combinations.
  D. Key Flexfields appear as a single-space field enclosed in brackets.
  E. Each segment of a Key Flexfield usually contains meaningful information.
  A. Key Flexfield are used as identifiers for entities.
  B. The Key Flexfield structure comprises Segments.
  E. Each segment of a Key Flexfield usually contains meaningful information.

• Question 10:

  Shared entities are used throughout Oracle E-Business Suite Release 12. Identify the four entities that are shared. (Choose four.)

  A. Ledger
  B. Sales Force
  C. Unit of Measure
  D. Invoice Sources
  E. Oracle Application Object Library (AOL)
  A. Ledger
  B. Sales Force
  C. Unit of Measure
  E. Oracle Application Object Library (AOL)