Oracle 1Z0-517 Online Practice Questions and Exam Preparation

Oracle 1Z0-517 Online Questions & Answers

• Question 131:

  Which three statements properly describe the use of distribution sets? (Choose three.)

  A. You can assign a distribution set to an invoice when you enter it
  B. You can use full distribution sets to create distributions with no set percentage amounts
  C. You can use skeletal distribution sets to create distributions with set distributions amount
  D. You can use a distribution set to automatically enter distribution for an invoice when you are not matching it to a purchase order
  E. You can assign a default distribution set to a supplier site so Payables would use it for every invoice you enter for that supplier site
  A. You can assign a distribution set to an invoice when you enter it
  D. You can use a distribution set to automatically enter distribution for an invoice when you are not matching it to a purchase order
  E. You can assign a default distribution set to a supplier site so Payables would use it for every invoice you enter for that supplier site

• Question 132:

  ABC.com has closed its APR-XX Accounting period. The APR-XX period started on 27-MAR-20- 20XX and ended on 26-APR-20XX. It has run the posted invoice register, the posted payments register and two accounts payable trail balance reports (as of 30-MAR-20XX and 30-APR-20XX). Unfortunately, the accounts do not balance. Which two actions should be taken? (Choose two.)

  A. Check to make sure that all invoices for the period are paid
  B. Check the dates on the accounts payable Trail Balance reports
  C. Check to ensure that invoice and payment journals are posted in General Ledger
  D. Check to make sure that there are no unaccounted transactions in APR-XX by using the Unaccounted Transactions report
  B. Check the dates on the accounts payable Trail Balance reports
  C. Check to ensure that invoice and payment journals are posted in General Ledger

• Question 133:

  Which type of transaction uses the expenses clearing account defined in Financial Options?

  A. Expense Reports
  B. Credit Card Transactions
  C. Miscellaneous Expenses
  D. Expense-Related AP Invoices
  B. Credit Card Transactions

• Question 134:

  You are implementing Oracle General Ledger at a client site. The client is based in the US, but they have a global presence in many countries and transactions in multiple currencies. The implementation team decides that the Oracle General Ledger multi-currency setup will be a part of the implementation. The client's Chief Financial Officer wants a system that has these features:

  1.

  Enter transactions and reports in any currency.

  2.

  Enter exchange rates online or automatically.

  3.

  Calculate realized and unrealized gains and losses. IV. Translate actual and budget balances.

  4.

  Produce foreign currency financial statements and reports. Which requirements can be satisfied with the implementation?

  A. 1, 2, and 3 only
  B. 1, 2, 3, and 4 only
  C. 1, 2, 4, and 5 only
  D. All requirements from 1 through 5 can be satisfied.
  D. All requirements from 1 through 5 can be satisfied.

• Question 135:

  Which two statements are true about defining payment documents? (Choose two.)

  A. Checks and electronic payments are examples of payment documents.
  B. Credit and debit memos and checks are examples of payment documents.
  C. You can create only one payment document for each internal bank account.
  D. You must create at least one payment document before you can use a bank account to create invoice payments.
  E. Use the Payment Documents window to define payment documents for internal, customer, and supplier bank accounts.
  A. Checks and electronic payments are examples of payment documents.
  D. You must create at least one payment document before you can use a bank account to create invoice payments.

• Question 136:

  Which three types of invoices can be automatically generated (without any manual intervention), if the appropriate setup steps have been performed? (Choose three.)

  A. interest invoices
  B. recurring invoices
  C. pay on receipt invoices
  D. withholding tax invoices
  E. purchase order (PO) matched invoices
  A. interest invoices
  C. pay on receipt invoices
  D. withholding tax invoices

• Question 137:

  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 138:

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

  A. online by clicking the "Validate" button in the Invoice Batches window
  B. online by clicking the "Validate and Account" button in the Invoice Batches window
  C. in batch by submitting the Payabales Invoice Validation program from the Invocie Workbench
  D. in batch by submitting the Payables Invoice Validation program from the Submit Request window
  E. online by selecting either the Validate check box or the Validate Related Invoices check box in the Invoice Actions window
  A. online by clicking the "Validate" button in the Invoice Batches window
  D. in batch by submitting the Payables Invoice Validation program from the Submit Request window
  E. online by selecting either the Validate check box or the Validate Related Invoices check box in the Invoice Actions window

• Question 139:

  Which three events would cause accounting to be generated when the payables accounting process is run? (Choose three.)

  A. Paying an invoice
  B. Validating an invoice
  C. Entering an purchase order
  D. Clearing a payment with Cash Management
  E. Delivering goods to a final destination when accruing receipts at period end
  A. Paying an invoice
  B. Validating an invoice
  D. Clearing a payment with Cash Management

• Question 140:

  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?

  A. If the client wants to do this, the budget status must be open.
  B. If the client wants to do this, the budget status must be current.
  C. The Oracle General Ledger budget functionality cannot satisfy this requirement.
  D. If the client wants to do this, customization of Oracle Workflow is the only option.
  B. If the client wants to do this, the budget status must be current.