Oracle 1Z0-517 Online Practice Questions and Exam Preparation

Oracle 1Z0-517 Online Questions & Answers

• Question 91:

  Identify three features of a Value Set. (Choose three.)

  A. Value Sets are mandatory.
  B. Value Sets must contain a list of values.
  C. Value Sets control the values for many report parameters.
  D. The same Value Set can be shared between different Flexfields.
  E. A Value Set is a definition of the values approved for entry by a particular Flexfield Segment.
  C. Value Sets control the values for many report parameters.
  D. The same Value Set can be shared between different Flexfields.
  E. A Value Set is a definition of the values approved for entry by a particular Flexfield Segment.

• Question 92:

  What are the three prerequisites for interfacing Payables invoice lines with Assets? (Choose three.)

  A. The invoice has no holds.
  B. The invoice must be posted to General Ledger.
  C. The invoice has been transferred to General Ledger.
  D. The invoice distribution has "Track as Asset" selected.
  E. The distribution account is an Asset Clearing or CIP account.
  C. The invoice has been transferred to General Ledger.
  D. The invoice distribution has "Track as Asset" selected.
  E. The distribution account is an Asset Clearing or CIP account.

• Question 93:

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

  A. Tolerances are enforced.
  B. The quantity billed is updated.
  C. The quantity received is updated.
  D. The purchase order accounting information is copied to the invoice.
  B. The quantity billed is updated.
  D. The purchase order accounting information is copied to the invoice.

• Question 94:

  Expense reports for Company A are entered in Payables using the Expense Report form. The accounting flexfield has a three-segment structure:

  Company - Cost Center - Account The employee GL account on the expense report is populated from the employee record. The company and the cost center for the expense lines are derived from the GL account. The account segment value could vary for every line on the expense report. Identify the approach you recommend to Company A for fast and accurate entry of expense reports.

  A. Enter the expense report header. Enter lines. Enter all segment values for each expense report line.
  B. Enter the expense report header. Enter lines. Override the account segment value for each line as required.
  C. Create expense report templates. Enter the account segment value for each line on the template. Leave the other segment values empty. Use the template lines when entering the expense report.
  C. Create expense report templates. Enter the account segment value for each line on the template. Leave the other segment values empty. Use the template lines when entering the expense report.

• Question 95:

  Where do you define the attribute that determines whether you will accrue expense items at receipt or at period end?

  A. System Options
  B. Financial Options
  C. Payables Options
  D. Purchasing Options
  E. Payables System Setup Options
  D. Purchasing Options

• Question 96:

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

  A. MO: Operating Unit
  B. HR: Security Profile
  C. MO: Security Profile
  D. HR: Business Group
  E. MO: Default Operating Unit
  A. MO: Operating Unit
  C. MO: Security Profile
  E. MO: Default Operating Unit

• Question 97:

  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.)

  A. key flexfields
  B. Journal Sources form
  C. Journal Categories form
  D. Journal Encumbrance Types form
  E. Journal approval on the Ledger Setup page
  B. Journal Sources form
  E. Journal approval on the Ledger Setup page

• Question 98:

  Company ABC has decided to use the invoice approval workflow to require approval on all invoices. Select two exceptions where Payables automatically sets the approval status to not required. (Choose two.)

  A. invoices imported through EDI
  B. invoices created after invoice workflow approval is enabled
  C. invoices created using the Pay on Receipt Autoinvoice program
  D. expense reports imported through the Payables Expense Report Import program
  E. recurring invoices if the approval workflow option required was not enabled on the template
  D. expense reports imported through the Payables Expense Report Import program
  E. recurring invoices if the approval workflow option required was not enabled on the template

• Question 99:

  To process a payment you must complete __________.

  A. The payables accounting process
  B. Only the invoice validation process
  C. Only the create Accounting process
  D. Both the invoice Validation and Create Accounting processes
  B. Only the invoice validation process

• Question 100:

  What is the effect of summary accounts on the efficiency of the posting process?

  A. Use summary accounts in the posting process to accumulate values.
  B. Use summary accounts in the posting process to not accumulate values.
  C. Use of summary accounts increases the efficiency of the posting process.
  D. Use of summary accounts decreases the efficiency of the posting process.
  D. Use of summary accounts decreases the efficiency of the posting process.