Oracle 1Z0-517 Online Practice Questions and Exam Preparation

Oracle 1Z0-517 Online Questions & Answers

• Question 251:

  Select two statements that are true about ledgers in Oracle General Ledger. (Choose two.)

  A. Each accounting setup requires a primary ledger.
  B. Each accounting setup requires a primary ledger and a reporting ledger.
  C. Each accounting setup requires a primary ledger and an adjustment-only secondary ledger.
  D. Each accounting setup optionally requires one or more secondary ledgers and reporting currencies.
  A. Each accounting setup requires a primary ledger.
  D. Each accounting setup optionally requires one or more secondary ledgers and reporting currencies.

• Question 252:

  Select two statements that are correct for the secondary tracking segment. (Choose two.)

  A. Only the natural account segment or the balancing segment can be specified as the secondary tracking segment.
  B. Any segment that is specified as the secondary tracking segment also must be specified as the management segment.
  C. Any segment, except the natural account segment or the balancing segment, can be specified as the secondary tracking segment.
  D. This segment will be paired with the balancing segment when generating account balances for retained earnings account, unrealized gains or losses account, and the cumulative translation adjustment account.
  E. This segment will be paired with the natural account segment when generating account balances for retained earnings account, unrealized gains or losses account, and the cumulative translation adjustment account.
  C. Any segment, except the natural account segment or the balancing segment, can be specified as the secondary tracking segment.
  D. This segment will be paired with the balancing segment when generating account balances for retained earnings account, unrealized gains or losses account, and the cumulative translation adjustment account.

• Question 253:

  Which two statements are true regarding partitioning of data by an application? (Choose two.)

  A. General Ledger is partitioned by Ledgers.
  B. Accounts Payable is partitioned by Ledgers.
  C. Fixed Assets are partitioned by Operating Unit.
  D. Accounts Receivable is partitioned by Operating Unit.
  E. Order Management is partitioned by Inventory Organization.
  A. General Ledger is partitioned by Ledgers.
  D. Accounts Receivable is partitioned by Operating Unit.

• Question 254:

  You need to verify that your system has enough resources to handle the volume of accounts that would be generated by the summary account template. The template has been designed as follows:

  D-Region-D

  The first segment is company, which has ten values.

  The second segment is division, which is represented by the rollup group region. It has six parent values. The last segment is account, which has 500 values.

  How many summary accounts would be generated by the template?

  A. 60
  B. 500
  C. 3,000
  D. 5,000
  E. 30,000
  E. 30,000

• Question 255:

  ABC Corp. has the following Organization Structure:

  1.

  Legal Entity: A

  2.

  Operating Units: B and C

  3.

  Balancing Entities: 10, 20, and 30

  Identify three correct statements regarding the Balancing Entity. (Choose three.)

  A. Each Balancing Entity must balance within itself.
  B. There can be multiple Balancing Entities within an Operating Unit.
  C. Balancing Entity is the lowest postable unit in the Chart of Accoutns.
  D. Balancing Entities can be automatically secured at the Legal Entity level.
  E. Balancing Entities can be secured at the Operating Unit level through Security Rules.
  A. Each Balancing Entity must balance within itself.
  B. There can be multiple Balancing Entities within an Operating Unit.
  E. Balancing Entities can be secured at the Operating Unit level through Security Rules.

• Question 256:

  A client has a requirement for their Payables application:

  1) AP must automatically create balancing accounting entries for invoice and payment transactions by using the expense GL Account.

  2) Stop the application of a prepayment amount to an invoice or expense report amount that is charged to a different balancing segment.

  Which two steps would satisfy both these requirements? (Choose two.)

  A. Set the Automatic Offset Method to Accrual.
  B. Set the Automatic Offset Method to Account.
  C. Set the Automatic Offset Method to Balancing.
  D. Enable the Prevent Prepayment Application Across Offset Segments option.
  E. Enable the Prevent Prepayment Application Across Account Segments option.
  F. Enable the Prevent Prepayment Application Across Balancing Segments option.
  B. Set the Automatic Offset Method to Account.
  F. Enable the Prevent Prepayment Application Across Balancing Segments option.

• Question 257:

  Identify three correct statements about the Operating Unit in a Multi-Org model of Oracle E-Business Suite Release 12. (Choose three.)

  A. It is the highest level in the Multi-Org structure.
  B. It is an organization type that secures transaction data.
  C. An Operating Unit can be assigned to multiple Legal Entities.
  D. An Operating Unit can be associated with a single Legal Entity.
  E. Multiple Operating Units can be assigned to a single responsibility.
  B. It is an organization type that secures transaction data.
  D. An Operating Unit can be associated with a single Legal Entity.
  E. Multiple Operating Units can be assigned to a single responsibility.

• Question 258:

  When setting up financials and Payables options, which two options can only be defined if you have Multi-Org enabled? (Choose two.)

  A. Accounting
  B. Tax Options
  C. Invoice Controls
  D. Payment Options
  A. Accounting
  B. Tax Options

• Question 259:

  Which three reports can be used to reconcile Payables activities to General Ledger? (Choose three.)

  A. Supplier Payment Report
  B. Posted Payments Report
  C. Cash Clearing Account Report
  D. Accounts Payable Trial Balanace Report
  E. General Ledger Account Analysis Report
  B. Posted Payments Report
  D. Accounts Payable Trial Balanace Report
  E. General Ledger Account Analysis Report

• Question 260:

  Identify two exceptions that prevent you from closing the period in Payables. (Choose two.)

  A. unpaid invoices
  B. outstanding pay runs
  C. invoices not validated
  D. unaccounted invoices
  E. unpaid expense reports
  B. outstanding pay runs
  D. unaccounted invoices