Oracle 1Z0-517 Online Practice Questions and Exam Preparation

Oracle 1Z0-517 Online Questions & Answers

• Question 151:

  From which three areas do the defaults come when you enter a supplier? (Choose three.)

  A. Items
  B. Operating Unit
  C. Financial Options
  D. Payables Options
  E. Receiving Options
  C. Financial Options
  D. Payables Options
  E. Receiving Options

• Question 152:

  Creating multiple scheduled payments allows you to issue partial payment of an invoice or to pay an invoice over multiple dates. Identify the one invoice field that is NOT used on the Scheduled Payments tabbed page.

  A. due date
  B. bank account
  C. gross amount
  D. trading partner
  E. payment method
  F. system hold reason
  D. trading partner

• Question 153:

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

  A. There are no holds placed on the invoice
  B. The invoice must be posted to General Ledger
  C. The option `Track as Asset' is selected in the Distributions from when entering an invoice
  D. The invoice has been transferred to General Ledger
  E. Distribution Account is Asset Clearing or CIP Account
  C. The option `Track as Asset' is selected in the Distributions from when entering an invoice
  D. The invoice has been transferred to General Ledger
  E. Distribution Account is Asset Clearing or CIP Account

• Question 154:

  Payables leverages E-Business Tax to set up, calculate, and manage transaction taxes, such as Sales, VAT and Offset taxes. Which two taxes are NOT calculated and managed by Payables? (Choose two.)

  A. excise
  B. property
  C. customs duty
  D. vehicle license
  E. recoverable tax
  B. property
  D. vehicle license

• Question 155:

  Which four selection criteria can be used when creating a pay run? (Choose four.)

  A. supplier
  B. due date
  C. customer
  D. pay group
  E. invoice batch
  F. payment priority
  A. supplier
  D. pay group
  E. invoice batch
  F. payment priority

• Question 156:

  Select four occasions when the Create Accounting process can be run. (Choose four.)

  A. after the payment process
  B. before the payment process
  C. after the Invoice Validation process
  D. before the Invoice Validation process
  E. before the transfer information to GL process
  A. after the payment process
  B. before the payment process
  C. after the Invoice Validation process
  E. before the transfer information to GL process

• Question 157:

  Multiple Reporting Currencies (MRC) has been enabled for your client Company A. Which method would you recommended to your client for transferring accounting entries to GL using the payables transfer to GL process?

  A. Transfer to GL with journal import for the primary set of Books. Repeat the process for each Reporting set of books individually
  B. Transfer to GL with Journal import for the primary set of books and all associated Reporting sets of books together
  C. Transfer to GL without journal import for the primary set of books. Submit journal import for the primary set of books. Repeat these steps for each reporting set of books
  D. Transfer to GL without journal import for the primary set of books and all associated reporting sets of books together. Submit Journal import from GL for the primary set of books and all associated reporting books together
  B. Transfer to GL with Journal import for the primary set of books and all associated Reporting sets of books together

• Question 158:

  A client wants to configure Oracle AP to perform prepayments for matched invoices.

  You have been hired as the implementation consultant and have been given the assignment. To complete this assignment, choose the option that applies.

  A. Set up the prepayment terms.
  B. Enable "Allow prepayments" in the Financial Options form.
  C. Enable the Oracle Payables Enable Prepayments profile option.
  D. No additional configuration is required. Users must set up the prepayment when the invoice is created.
  E. No additional configuration is required. Users must set up the prepayment when the payment is created.
  D. No additional configuration is required. Users must set up the prepayment when the invoice is created.

• Question 159:

  Select four occasions when the Create Accounting process can be run. (Choose four.)

  A. after the payment process
  B. before the payment process
  C. after the Invoice Validation process
  D. before the Invoice Validation process
  E. before the transfer information to GL process
  A. after the payment process
  B. before the payment process
  C. after the Invoice Validation process
  E. before the transfer information to GL process

• Question 160:

  Identify three true statements regarding Multiple Organization reporting. (Choose three.)

  A. Cross Organization reports and multiple Organization reports are the same.
  B. Cross Organization reports can be submitted for a Reporting Level of Ledger.
  C. Multiple Organization reports can be submitted for a Reporting Level of Ledger.
  D. Multiple Organization reports produce outputs for different Operating Units one at a time from a single responsibility.
  E. Cross Organization reports produce outputs across different Operating Units in a single report from a single responsibility.
  F. Multiple Organization reports produce outputs for different Operating Units in a single report output from a single responsibility.
  B. Cross Organization reports can be submitted for a Reporting Level of Ledger.
  D. Multiple Organization reports produce outputs for different Operating Units one at a time from a single responsibility.
  E. Cross Organization reports produce outputs across different Operating Units in a single report from a single responsibility.