Oracle 1Z0-517 Online Practice Questions and Exam Preparation

Oracle 1Z0-517 Online Questions & Answers

• Question 241:

  Identify four modules that support two-way integration with Oracle Payables. (Choose four.)

  A. Oracle Projects B. Oracle Purchasing
  C. Oracle Receivables
  D. Oracle General Ledger
  E. Oracle Cash Management
  F. Oracle Human Resources
  A. Oracle Projects B. Oracle Purchasing
  C. Oracle Receivables
  E. Oracle Cash Management

• Question 242:

  Which event reverses an accrual for an item set to accrue on receipt?

  A. paying an invoice
  B. delivering goods to a final destination
  C. running the Receipt Accruals - Period-end process
  D. matching an invoice in Payables to a purchase order
  D. matching an invoice in Payables to a purchase order

• Question 243:

  Oracle Payments is the central payment engine for Oracle E-Business Suite Release 12. Identify three modules that integrate with Oracle Payments. (Choose three.)

  A. Assets
  B. Payables
  C. Receivables
  D. Cash Management
  E. Order Management
  B. Payables
  C. Receivables
  D. Cash Management

• Question 244:

  What are the five steps for creating MassAllocation journal entries? (Choose five.)

  A. posting journal entries
  B. reviewing journal entries
  C. validating cross-validation rules
  D. freezing the accounting flexfield
  E. generating MassAllocation journals
  F. creating the MassAllocation definition
  G. validating the MassAllocation definition
  A. posting journal entries
  B. reviewing journal entries
  E. generating MassAllocation journals
  F. creating the MassAllocation definition
  G. validating the MassAllocation definition

• Question 245:

  Which two are true about elimination? (Choose two.)

  A. You can define balancing options for eliminating entries.
  B. You can define an elimination set to contain one elimination entry.
  C. Currency is an optional component when defining an elimination set.
  D. You must specify an elimination company in the Elimination Sets window.
  A. You can define balancing options for eliminating entries.
  B. You can define an elimination set to contain one elimination entry.

• Question 246:

  The bank account in the Payment Batches and Payments window defaults from _____________.

  A. Supplier Level
  B. Bank Accounts
  C. Supplier Site Level
  D. Financial Options
  E. Payables Options ?Payments region
  E. Payables Options ?Payments region

• Question 247:

  Identify the item that requires approval through the workflow process.

  A. Invoices not matched to a purchase order.
  B. Invoices that existed before you enabled the feature
  C. expense reports imported through the Payables Expense Report Import Program
  D. recurring invoices if the recurring invoice template did not have the Approval Workflow Required option enabled
  A. Invoices not matched to a purchase order.

• Question 248:

  Exhibit:

  

  ABC.com has these due dates for its invoices:

  ABC.com has defined additional Pay through Days as 5. It is running a payment batch on 02-APR- 06.

  Which invoices would be selected for payment?

  A. 2 Only
  B. 1 Only
  C. 1 and 2
  D. 1 and 3
  E. 1,2 and 3
  C. 1 and 2

• Question 249:

  Select three levels where additional reporting currency representations can be maintained. (Choose three.)

  A. batch
  B. journal
  C. balance
  D. subledger
  B. journal
  C. balance
  D. subledger

• Question 250:

  Peter, the GL accountant, tells you that he has defined the budget and that the budget amounts have been entered and approved by management. After approval, he wants his assistant accountants to NOT be able to update this budget. What would be your response?

  A. The budget status must be current.
  B. Set the budget status to frozen to meet this need.
  C. The Oracle General Ledger budget functionality cannot satisfy this requirement.
  D. If the client wants to do this, customization of Oracle Workflow is the only option.
  B. Set the budget status to frozen to meet this need.