Oracle 1Z0-517 Online Practice Questions and Exam Preparation

Oracle 1Z0-517 Online Questions & Answers

• Question 101:

  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?

  A. Allow Tax Recovery
  B. Allow Withholding Tax
  C. Allow Manual Tax Only Lines
  D. Allow Entry of Manual Tax Lines
  E. Allow Override for Calculated Tax Lines
  F. Allow Recalculation for Manual Tax Lines
  E. Allow Override for Calculated Tax Lines

• Question 102:

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

  A. Assign a distribution set to an invoice when you enter it.
  B. Use full distribution sets to create distributions with no set percentage amounts.
  C. Use skeleton distribution sets to create distributions with set distribution amount.
  D. Assign a default distribution set to a supplier site, so Payables will use it for every invoice you enter for that supplier site.
  E. Use a distribution set to enter distributions for an invoice automatically when you are not matching it to a purchae order.
  A. Assign a distribution set to an invoice when you enter it.
  D. Assign a default distribution set to a supplier site, so Payables will use it for every invoice you enter for that supplier site.
  E. Use a distribution set to enter distributions for an invoice automatically when you are not matching it to a purchae order.

• Question 103:

  You are creating new suppliers for XYZ Corp. Identify four regions that are entered only at the supplier level. (Choose four.)

  A. surveys
  B. tax details
  C. organization
  D. address book
  E. contact directory
  F. invoice management
  G. products and services
  B. tax details
  C. organization
  D. address book
  E. contact directory

• Question 104:

  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.)

  A. Use the divide evenly rule with the 4/4/4 spread.
  B. Use the divide evenly rule with the 4/5/4 spread.
  C. Use the divide evenly rule with the 5/4/4 spread.
  D. Use the divide evenly rule with the 4/4/5 spread.
  B. Use the divide evenly rule with the 4/5/4 spread.
  C. Use the divide evenly rule with the 5/4/4 spread.
  D. Use the divide evenly rule with the 4/4/5 spread.

• Question 105:

  The manual payment method is best described as the method of _____.

  A. paying multiple checks in a pay run
  B. paying a single check within Payables
  C. manually writing a check outside of Payables
  D. recording a payment made outside of Payables
  D. recording a payment made outside of Payables

• Question 106:

  Select two actions that ledger sets permit. (Choose two.)

  A. performing variance inquiries
  B. being used for mass budgets
  C. sending budget balance inquiries
  D. viewing account balances for multiple ledgers in one view
  E. grouping multiple ledgers that share the same chart of accounts and calendar
  D. viewing account balances for multiple ledgers in one view
  E. grouping multiple ledgers that share the same chart of accounts and calendar

• Question 107:

  Select two components that are required to create the accounting setup by using Accounting Setup Manager. (Choose two.)

  A. ledgers
  B. operating units
  C. data access sets
  D. definition access sets
  E. subledger accounting method
  A. ledgers
  E. subledger accounting method

• Question 108:

  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.
  D. The payment for that invoice was recorded in a GL period before the GL period of invoice distributions.

• Question 109:

  Identify the two methods that are NOT used to enter invoice distributions. (Choose two.)

  A. using a distribution set
  B. creating through allocations
  C. matching the invoice to a shipment
  D. using the Distributions Open Interface
  E. manually entering in the distributions window
  C. matching the invoice to a shipment
  D. using the Distributions Open Interface

• Question 110:

  Identify the conditions that must exist before you can apply an advance against an expense report.

  A. The prepayment type is temporary and has been fully applied.
  B. The prepayment type is temporary and has not been fully applied.
  C. The prepayment type is permanent, has been validated, and not canceled.
  D. The prepayment type is permanent and no active holds exist for the prepayment.
  B. The prepayment type is temporary and has not been fully applied.