Oracle 1Z0-517 Online Practice Questions and Exam Preparation

Oracle 1Z0-517 Online Questions & Answers

• Question 211:

  Which two statements are true about the reporting currency in Oracle General Ledger? (Choose two.)

  A. It is an integrated extension of a ledger.
  B. It replaces multiple reporting currencies.
  C. Reporting currencies are the same as secondary ledgers.
  D. Reporting currencies cannot have the same chart of accounts, accounting method, and ledger processing options.
  A. It is an integrated extension of a ledger.
  B. It replaces multiple reporting currencies.

• Question 212:

  Select the four activities that are NOT part of the Payables closing process. (Choose four.)

  A. confirm payment batches
  B. close the Payables period
  C. close the General Ledger period
  D. process period-end receipt accruals
  E. review the Uninvoiced Receipts Report
  F. process the remaining Inventory transactions
  C. close the General Ledger period
  D. process period-end receipt accruals
  E. review the Uninvoiced Receipts Report
  F. process the remaining Inventory transactions

• Question 213:

  Company Z has implemented Payables, General Ledger, and Project Accounting. Both Transfer to GL and Interface Supplier Costs are processed each night.

  A descriptive flexfield called "SAI Value" has been defined on the invoice header to capture additional information, and is used in conjunction with the accounting on the invoices. This is not a required field. There is a corresponding user-defined hold called "SAI Hold", which is manually applied whenever an invoice is created and the "SAI Value" has not been provided to Company Z by the supplier.

  During weekly reviews of accounting, users have founbd that invoice transactions that are on "SAI Hold" are displayed in Project Accounting but not in General Ledger. Select what is causing this issue.

  A. Invoices have not been validated.
  B. The current General Ledger period is closed.
  C. The current Project Accounting period is closed.
  D. The Payables Accounting process has not been run.
  E. Accounting is not being created by the user-defined hold.
  F. The descriptive flexfield field must be a required field, and not an optional field.
  E. Accounting is not being created by the user-defined hold.

• Question 214:

  Which four statements are true about modifying selected invoices in a pay run? (Choose four.)

  A. You can remove all invoices for a particular supplier site.
  B. You can create a zero-amount payment for a supplier site.
  C. Payables automatically build payments after you modify a pay run.
  D. You can create a negative-amount payment to clear a credit memo.
  E. You can modify the payment or discount amounts for a selected invoice.
  A. You can remove all invoices for a particular supplier site.
  B. You can create a zero-amount payment for a supplier site.
  C. Payables automatically build payments after you modify a pay run.
  E. You can modify the payment or discount amounts for a selected invoice.

• Question 215:

  Which statement is correct about the differences between the functionalities of parent accounts and summary accounts?

  A. Summary accounts cannot be used in budget formulas, whereas parent accounts can be used in budget formulas.
  B. Summary accounts speed up the posting process, whereas parent accounts require additional time for the Posting process.
  C. Summary accounts use the summing segment type for MassAllocations, whereas parent accounts use the looping segment type.
  D. Summary account balances can be viewed in the Account Inquiry form, whereas parent account balances cannot be viewed in that form.
  E. Summary accounts slow down the generation of Financial Statement Generators, whereas parent accounts help generate quicker results.
  D. Summary account balances can be viewed in the Account Inquiry form, whereas parent account balances cannot be viewed in that form.

• Question 216:

  Company A wants to distribute the rent expense to its various departments on the basis of floor space. It has taken these steps:

  1) capturing the floor space that is used by each department in a statistical account

  2) creating a journal entry for the rent

  Identify the next two steps required to distribute the rent cost to the various departments. (Choose two.)

  A. posting the journal
  B. defining the MassAllocation journal
  C. defining and generating MassAllocation
  D. creating manual journal entries for distributing the rent
  A. posting the journal
  C. defining and generating MassAllocation

• Question 217:

  Which two statements correctly describe the translation process? (Choose two.)

  A. You can rerun the translation process more than once per period.
  B. With the translation process, you can translate only year-to-date amounts.
  C. If you rerun the translation process, it adds more data to the previous translated amounts.
  D. Translation for a subsidiary can be initiated from the parent by clicking the state controller translate button.
  A. You can rerun the translation process more than once per period.
  D. Translation for a subsidiary can be initiated from the parent by clicking the state controller translate button.

• Question 218:

  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 219:

  Assume that the withholding tax is calculated at the invoice payment time and the withholding tax rate is 20%. Identify three statements with the correct withholding tax calculations. (Choose three.)

  A. invoice amount $500, withholding tax $100 (20% of $500)
  B. invoice amount $400, prepayment invoice for $200, withholding tax $4 (20% of $200)
  C. invoice amount $600, prepayment invoice for $100, withholding tax $12 (20% of $600)
  D. invoice amount $500, prepayment invoice for $250, withholding tax $50 (20% of $500 - $250)
  E. invoice amount $600, prepayment invoice for $100, withholding tax $100 (20% of $600 - $100)
  A. invoice amount $500, withholding tax $100 (20% of $500)
  D. invoice amount $500, prepayment invoice for $250, withholding tax $50 (20% of $500 - $250)
  E. invoice amount $600, prepayment invoice for $100, withholding tax $100 (20% of $600 - $100)

• Question 220:

  Which two statements are true regarding the Payables Options region in the Bank Account Window? (Choose two.)

  A. You can Enter the Payables options information for supplier bank accounts
  B. The maximum Payment field controls the largest payment amount that you allow in a payment batch
  C. The maximum payment filed controls the largest currency outlay that you allow for a payment batch for this bank account
  D. The Minimum Payment field controls whether you would allow zero amount payments from this bank account
  E. If the bank account is a foreign currency or multiple currency account, realized gain and realized loss accounts would be displayed by default in the Payables options window
  B. The maximum Payment field controls the largest payment amount that you allow in a payment batch
  E. If the bank account is a foreign currency or multiple currency account, realized gain and realized loss accounts would be displayed by default in the Payables options window