Oracle 1Z0-517 Online Practice Questions and Exam Preparation

Oracle 1Z0-517 Online Questions & Answers

• Question 181:

  Select three statements that apply to Interface Data Transformer (IDT). (Choose three.)

  A. It ensures reapplication of the same rules each time you transfer.
  B. IDT provides greater flexibility by performing no validation on the imported data.
  C. User-defined conditions enable you to control when transformation rules must be applied.
  D. IDT provides automatic data conversion that converts disparate data formats into an Oracle format.
  E. It makes exporting of data from Oracle General Ledger into external feeder systems much easier and less time consuming.
  A. It ensures reapplication of the same rules each time you transfer.
  C. User-defined conditions enable you to control when transformation rules must be applied.
  D. IDT provides automatic data conversion that converts disparate data formats into an Oracle format.

• Question 182:

  Michael is responsible for the accounting setup. Here is the list of accounts for the accounting setup structure mapped to their requirement.

  1.

  suspense account - suspense posting

  2.

  reserve for encumbrance account - exchange rate gain/loss

  3.

  non-postable net income account - average balance processing

  4.

  ledger currency balancing account - for using Oracle subledgers and balance subledger journals by the entered currency and balancing segment value

  5.

  entered currency balancing account - for using Oracle subledgers and balance foreign currency subledger journals by the ledger currency and balancing segment value Identify two correct mappings of accounts. (Choose two.)

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

• Question 183:

  In the Payment Process Requests, which action(s) can you perform on invoices that are selected for a pay run?

  1.

  Review unselected invoices.

  2.

  Change the invoice amount or the discount taken.

  3.

  Add selected invoices to the payment process request.

  4.

  Remove selected invoices from the payment process request.

  5.

  Recalculate interest, payment withholding, or exchange rates.

  A. All actions 1-5.
  B. 1, 3 and 4 only.
  C. 1, 2 and 5 only.
  D. 1, 2, 3 and 4 only.
  B. 1, 3 and 4 only.

• Question 184:

  ABC Enterprise has operations in the US, France, and Italy. The US, France, and Italy operations have separate legal and statutory requirements. The tax requirements also differ for each country. Identify the action you would perform to set up Oracle General Ledger.

  A. Create a separate legal entity and accounting setup for each operation.
  B. Create one legal entity and three accounting setups for the US, France, and Italy.
  C. Create three legal entities for the US, France, and Italy, and one accounting setup.
  D. Create three legal entities for each operation. Create one accounting setup for France and Italy, and one for the US.
  E. Create two legal entities: one for France and Italy, and one for the US. Create two accounting setups: one for France and Italy, and one for the US.
  A. Create a separate legal entity and accounting setup for each operation.

• Question 185:

  XYZ Corp. has operations in the U.S. and Canada. Within Canada, it has two separate Divisions due to Statutory requirements: one in Quebec and another in Ontario. How would you define the organization structure for XYZ Corp. from the information given above?

  A. two Ledgers, two Legal Entities, and two Operating Units
  B. two Ledgers, two Legal Entities, and three Operating Units
  C. two Ledgers, three Legal Entities, and two Operating Units
  D. two Ledgers, three Legal Entities, and three Operating Units
  E. three Ledgers, three Legal Entities, and three Operating Units
  D. two Ledgers, three Legal Entities, and three Operating Units

• Question 186:

  ABC Corporation wants to convert from their existing legacy application to Oracle E-Business Suite Release 12. Identify three statements that are true for invoice conversion. (Choose three.)

  A. Merge all paid invoices for a supplier.
  B. Invoices related to employee expense cannot be converted.
  C. Establish a cutoff date after which invoices will be entered in Payables.
  D. Use Payables Open Interface to convert unpaid invoices and credit memos.
  E. Develop metrics that will be used to determine whether data conversion was successful.
  C. Establish a cutoff date after which invoices will be entered in Payables.
  D. Use Payables Open Interface to convert unpaid invoices and credit memos.
  E. Develop metrics that will be used to determine whether data conversion was successful.

• Question 187:

  Select two steps that are NOT elements of creating a Financial Statement Generator (FSG) report in Oracle General Ledger (Choose two.)

  A. Attach the fiscal calendar.
  B. Define rows and columns.
  C. Build a report by using rows and columns.
  D. Specify the default ledger for ledger sets.
  E. Determine which rows and columns make up your report.
  A. Attach the fiscal calendar.
  D. Specify the default ledger for ledger sets.

• Question 188:

  Which two statements are true regarding ownership of shared entities? (Choose two.)

  A. Items is owned by Oracle Purchasing, whereas Locations is owned by Oracle Receivables.
  B. Suppliers is owned by Oracle Purchasing, whereas Units of Measure is owned by Oracle Inventory.
  C. Ledger is owned by Oracle General Ledger, whereas Locations is owned by Oracle Human Resources.
  D. Customers is owned by Oracle Human Resources, whereas Locations is owned by Oracle Receivables.
  E. Sales Force is owned by Oracle Order Management, whereas Employees is owned by Oracle Human Resources.
  B. Suppliers is owned by Oracle Purchasing, whereas Units of Measure is owned by Oracle Inventory.
  C. Ledger is owned by Oracle General Ledger, whereas Locations is owned by Oracle Human Resources.

• Question 189:

  Select three statuses of the consolidation workbench. (Choose three.)

  A. posted
  B. entered
  C. exported
  D. reversed
  E. transferred
  A. posted
  D. reversed
  E. transferred

• Question 190:

  Which three reports can be used for identifying duplicate suppliers? (Choose three.)

  A. Supplier Report
  B. Supplier Audit Report
  C. Supplier Merge Report
  D. Supplier Listing By Supplier Name
  A. Supplier Report
  B. Supplier Audit Report
  D. Supplier Listing By Supplier Name