Oracle 1Z0-517 Online Practice Questions and Exam Preparation

Oracle 1Z0-517 Online Questions & Answers

• Question 171:

  Mark, the GL accountant, asks you whether he can use the constant (C) segment type with the parent segment values while defining the MassAllocation formula. What would be your response?

  A. Whether you can do this depends on the formula.
  B. You can customize the workflow and then do this.
  C. Whether you can do this depends on the responsibility.
  D. You can do this only if Allow Dynamic Insert is enabled.
  E. You can do this only if there is a summary account associated with the parent.
  E. You can do this only if there is a summary account associated with the parent.

• Question 172:

  Which three restrictions apply when you are paying invoices with a "quick" payment type? (Choose three.)

  A. You can select only those invoices that are due.
  B. If you want to pay multiple invoices, none can be a pay-alone invoice.
  C. If you want to pay multiple invoices, none can be of an invoice type of prepayment.
  D. You can pay only as many invoices as you defined for the remittance advice of the payment document.
  E. You can select only those invoices that have the same supplier site as the payment supplier site you enter.
  B. If you want to pay multiple invoices, none can be a pay-alone invoice.
  D. You can pay only as many invoices as you defined for the remittance advice of the payment document.
  E. You can select only those invoices that have the same supplier site as the payment supplier site you enter.

• Question 173:

  Payment process request templates are created on the Templates tabbed page of the Payments Manager to simplify pay run processing. All statements in the list below represent steps to create a payment process request template. Which one is the first step?

  A. Specify payment attributes.
  B. Specify template header information.
  C. Specify the degree of pay run automation.
  D. Specify invoice payment selection criteria.
  E. Specify how the system handles validation failure on the document and payment levels.
  B. Specify template header information.

• Question 174:

  Select two restrictions that apply to consolidating budget balances. (Choose two.)

  A. If the source and target budgets share the same calendar, you must consolidate a specific period to a specific period.
  B. If the source and target budgets share the same start period, you must consolidate a specific period to a specific period.
  C. If the source and target budgets do not share the same ledger, you must consolidate a specific period to a specific period.
  D. If the source and target budgets do not share the same calendar, you must consolidate a specific period to a specific period.
  E. If the source and target budgets do not share the same start period, you must consolidate a specific period to a specific period.
  D. If the source and target budgets do not share the same calendar, you must consolidate a specific period to a specific period.
  E. If the source and target budgets do not share the same start period, you must consolidate a specific period to a specific period.

• Question 175:

  There are numerous Oracle modules that are integrated into or out of the Payables module. Identify four Oracle modules that are directly integrated with Oracle Payables. (Choose four.)

  A. Loans
  B. Purchasing
  C. Bill of Materials
  D. E-Business Tax
  E. Order Management
  F. Cash Management
  G. System Administrator
  A. Loans
  B. Purchasing
  D. E-Business Tax
  F. Cash Management

• Question 176:

  XYZ Corporation uses Fixed Assets to manage their Asset transactions such as capitalizing, depreciating, adjusting, and retiring. After assets are purchased and the invoice is entered and accounted for, the company runs the Mass Additions Create process to send assets to Fixed Assets. When the purchase order is written, which account must be specified on the purchase order distribution for the charge account?

  A. the material account associated with the inventory organization
  B. the AP trade liability account associated with the operating unit
  C. the asset cost account associated with an asset category in Assets
  D. the asset clearing account associated with an asset category in Assets
  D. the asset clearing account associated with an asset category in Assets

• Question 177:

  Which three statements are true regarding voucher numbers and document sequences? (Choose three.)

  A. After you create and save a sequence, you can change it
  B. Assigning unique voucher numbers to documents is called document sequencing
  C. You can select a sequence of numbers that you would assign to a document category
  D. Document sequencing for all the documents you use in all your Oracle applications comes automatically set up with your installation
  B. Assigning unique voucher numbers to documents is called document sequencing
  C. You can select a sequence of numbers that you would assign to a document category
  D. Document sequencing for all the documents you use in all your Oracle applications comes automatically set up with your installation

• Question 178:

  You are at a client site that has thousands of suppliers in their current legacy system that will end up in the Oracle Production system. Before conversion, you must perform a supplier cleanup on these numerous names and sites.

  Which three naming conventions would you use for "Best Practices" during the supplier cleanup? (Choose three.)

  A. Use Last Name, First Name to identify employees as suppliers.
  B. Create some supplier names in uppercase and others in mixed case.
  C. Use abbreviations in the supplier name even it is not abbreviated on the invoice.
  D. Remove all punctuation masrks (commas, periods, and so on) from the supplier name.
  E. Use the exact spelling of a supplier name as it appears on the invoice for the naming convention.
  A. Use Last Name, First Name to identify employees as suppliers.
  D. Remove all punctuation masrks (commas, periods, and so on) from the supplier name.
  E. Use the exact spelling of a supplier name as it appears on the invoice for the naming convention.

• Question 179:

  There are five major business functions that occur sequentially during the natural flow of the Payables processes. Consider this list of five steps:

  1.

  Invoice Payment

  2.

  Invoice Validation

  3.

  Invoice and Payment Accounting

  4.

  Supplier Entry

  5.

  Invoice Import/Entry

  What is the order in which these steps must be performed?

  A. 1, 2, 3, 4, 5
  B. 4, 5, 2, 1, 3
  C. 5, 3, 1, 2, 4
  D. 3, 1, 4, 2, 5
  E. 4, 2, 5, 1, 3
  B. 4, 5, 2, 1, 3

• Question 180:

  ABC Company wants to compare consolidated actuals against consolidated budgeted amounts. Identify the two steps that must be performed to provide ABC Company with this information. (Choose two.)

  A. Run the Trial Balance report.
  B. Execute an online budget inquiry.
  C. Execute an online account inquiry.
  D. Review the Account Analysis report.
  E. Run financial statement generator reports.
  C. Execute an online account inquiry.
  E. Run financial statement generator reports.