1Z0-517 Real Exam Questions and Verified Answers

Question 1 Multiple choice

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.)

A
wire
B
check
C
clearing
D
electronic funds transfer (EFT)
E
electronic data interchange (EDI)
F
extensible markup language (XML)

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Correct answers: A, B, C

Question 2 Single choice

Here is a description of a report, file, or register.

Use this to review payments created for each bank account that you use during a time period you specify.
The report lists each payment, as well as total payment amount and cleared amount of all payments.

Identify the name of this standard report.

A
Positive Pay File
B
Payment Register
C
Payment Exceptions Report
D
Payment Process Request Status Report

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Correct answer: B

Question 3 Multiple choice

ABC Corp. has set up the Asset Category Key Flexfield. It has also set up a Descriptive Flexfield to store vehicle information associated with the asset category "Vehicle." Identify two correct statements. (Choose two.)

A
The setting up of the Descriptive Flexfield is mandatory.
B
The Asset Category Flexfield is owned by the Oracle Assets module.
C
The Descriptive Flexfield attributes are associated with tables in the Oracle Assets module.
D
Only the Asset Category Key Flexfield is associated with tables in the Oracle Assets module.

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Correct answers: B, C

Question 4 Multiple choice

Choose three tables that will be populated when the Journal Import process is run with the option to post set as "Yes." (Choose three.)

A
GL_JE_LINES
B
GL_JE_BATCHES
C
GL_JE_HEADERS
D
GL_JE_SOURCES
E
GL_IMPORT_REFERENCES

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Correct answers: A, B, C

Question 5 Single choice

Which journal entry type does General Ledger automatically reverse and post?

A
actuals
B
budgets
C
actuals and budgets
D
budgets and encumbrance
E
actuals, budgets, and encumbrance

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Correct answer: A

Question 6 Multiple choice

Which two statements correctly describe the translation process? (Choose two.)

A
You can rerun the translation process more than once per period.
B
With the translation process, you can translate only year-to-date amounts.
C
If you rerun the translation process, it adds more data to the previous translated amounts.
D
Translation for a subsidiary can be initiated from the parent by clicking the state controller translate button.

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Correct answers: A, D

Question 7 Multiple choice

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.

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Correct answers: A, D

Question 8 Single choice

Your company accrues expense items at period end. Identify the report that must be generated before you
run your receipts' accrual period-end process.

A
Accrual Write-Off
B
Uninvoiced Receipts
C
Mass Additions Create
D
Accounts Payable Trial Balance

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Correct answer: B

Question 9 Single choice

When reviewing the Accounts Payable Trial Balance Report for a period, a user notices that the remaining balance for an invoice is negative.

What is the reason?

A
The invoice was overpaid.
B
The invoice was never accounted for.
C
The invoice was moved to the next period.
D
The payment for that invoice was recorded in a GL period before the GL period of invoice distributions.

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Correct answer: D

Question 10 Single choice

What is a benefit of the secondary tracking segment?

A
Additional security ensures that correct accounts are selected while entering transactions.
B
The Management segment is enabled automatically when the secondary segment is defined.
C
More details are provided to retained earnings, cumulative translation adjustments, and revaluation gains/losses accounts.

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Correct answer: C