Oracle 1Z0-517 Online Practice Questions and Exam Preparation

Oracle 1Z0-517 Online Questions & Answers

• Question 161:

  Identify three features of shared entities in Oracle E-Business Suite Release 12. (Choose three.)

  A. enable one-time definition of objects
  B. are referenced by several Oracle Application modules
  C. are defined in each oracle Application module separately
  D. are owned by a single Oracle Application module for table purposes only
  E. are owned by a single Oracle Application module to designate the primary user or decision maker
  A. enable one-time definition of objects
  B. are referenced by several Oracle Application modules
  D. are owned by a single Oracle Application module for table purposes only

• Question 162:

  Identify the three actions that you can perform using the consolidation workbench. (Choose three.)

  A. Access the state controller.
  B. Change the chart of accounts.
  C. Create consolidations sets, which launch multiple consolidations in a single step.
  D. Create multi-level hierarchies, which you can view using the graphical consolidation hierarchy viewer.
  A. Access the state controller.
  C. Create consolidations sets, which launch multiple consolidations in a single step.
  D. Create multi-level hierarchies, which you can view using the graphical consolidation hierarchy viewer.

• Question 163:

  A user has been assigned with five Operating Units in his or her security profile. The user transacts in three of those Operating Units, the remaining two are used occasionally.

  The user can limit the list of values available to the three Operating Units by ________.

  A. setting the preferred Operating Units in user preferences
  B. setting the values for the MO: Operating Unit at the user level profile option
  C. setting the values for the MO: Default Operating Units at the user level profile option
  D. requesting the system administrator, to update the Operating Untis in the security profile.
  E. requesting the system administrator to set up MO: Default Operating Unit for the responsibility.
  A. setting the preferred Operating Units in user preferences

• Question 164:

  In the course of implementing Oracle General Ledger, you and your customer have created a number of Financial Statement Generator reports in a test environment. These reports have been tested and you are now ready to create them in your production environment. You are ready to run the FSG Transfer program. What two requirements are necessary to run this program? (Choose two.)

  A. Database links must be defined.
  B. The same ledgers must be defined in both instances.
  C. Enable the FSG: AutoCopy profile option in the production environment.
  D. The same row and column sets must exist in the production environment.
  A. Database links must be defined.
  B. The same ledgers must be defined in both instances.

• Question 165:

  A Ledger is a financial reporting entity. What is new in Oracle E-Business Suite Release 12 that facilitates generation of accounting entries?

  A. Ledger
  B. Chart of Accounts
  C. Multi-Org Structure
  D. Accounting Convention
  E. Financial Accounting Calendar
  D. Accounting Convention

• Question 166:

  A table has 15 Attribute columns to capture additional information. The attributes 1-12 are set up in the Descriptive Flexfield as Global Segments. How many attributes can be set up under any new context?

  A. 1
  B. 3
  C. 15
  D. 12
  E. 11
  B. 3

• Question 167:

  As part of its closing process, XYZ Corporation reviews receipt accruals. Occasionally, Payables matches incorrectly, and therefore they find that some perpetual accruals never clear, leaving reconciliation items on their accrual reports.

  Which two actions can they perform to solve the problem? (Choose two.)

  A. Reverse the invoice distributions and rematch if possible.
  B. Run the Uninvoiced Receipts Report to identify the receipt accrual that has not cleared and create a manual journal entry in General Ledger to clear the receipt from the report.
  C. Run the Matching Hold Detail Report to identify the receipt that has not cleared and use the Write-Off window to remove the item from reappearing on subsequent reports. Create a manual journal entry in General Ledger to clear the accrual.
  D. Run the Accrual Rebuild Reconciliation Report to identify the receipt accrual that has not cleared and use the Write-Off window to remove the item from reappearing on subsequent reports. Create a manual journal entry in General Ledger to clear the accrual.
  A. Reverse the invoice distributions and rematch if possible.
  D. Run the Accrual Rebuild Reconciliation Report to identify the receipt accrual that has not cleared and use the Write-Off window to remove the item from reappearing on subsequent reports. Create a manual journal entry in General Ledger to clear the accrual.

• Question 168:

  All manual journal entries are defaulting to a non-current period. Which step was omitted from the accounting cycle?

  A. updating the period
  B. posting journal entries
  C. consolidating financials
  D. reversing journal entries
  E. translating foreign balances
  A. updating the period

• Question 169:

  Which three programs submit their own reports, without any user intervention? (Choose three.)

  A. Invoice Matching
  B. Invoice Cancellation
  C. Payment Confirmation
  D. Expense Report Import
  E. Invoice Validation
  C. Payment Confirmation
  D. Expense Report Import
  E. Invoice Validation

• Question 170:

  Identify three functions that the Create Accounting program provides. (Choose three.)

  A. validates and creates subledger journal entries
  B. generates the Posted Journal Report for subledger journal entries
  C. transfers final journal entries in the current batch run to General Ledger
  D. applies the application accounting definitions that are created in Accounting Builder (ABM)
  E. allows you to update final journal entries before the Transfer to General Ledger process is run
  F. generates the Subledger Accounting Program Report, which documents the results of the Create Accounting program
  A. validates and creates subledger journal entries
  C. transfers final journal entries in the current batch run to General Ledger
  F. generates the Subledger Accounting Program Report, which documents the results of the Create Accounting program