Oracle 1Z0-517 Online Practice Questions and Exam Preparation

Oracle 1Z0-517 Online Questions & Answers

• Question 261:

  Identify two benefits of using Multi-Org Access Control. (Choose two.)

  A. View asset information across multiple asset books.
  B. Restrict access to users based on their Organization assignments.
  C. Submit and view data across different Ledgers using a single responsibility.
  D. Enter Payables invoices for different Operating Units using a single responsibility.
  E. View Consolidated requisitions across Operating Units using a single responsibility.
  D. Enter Payables invoices for different Operating Units using a single responsibility.
  E. View Consolidated requisitions across Operating Units using a single responsibility.

• Question 262:

  Exhibit:

  

  ABC.com has the following requirements: 1.Asset invoices are entered in AP daily, but assets are transferred to Oracle Assets only once a week 2.Payables Journal entries have to be transferred to GL at least once a month for reporting purposes 3.Oracle Projects balances have to be updated once every month 4.Payment batches need to be processed daily Based on the above what would be the minimum recommended frequency of running the Transfer to GL program?

  A. Daily
  B. Weekly
  C. Monthly
  D. Once very two weeks
  B. Weekly

• Question 263:

  When reconciling Payables and Cash Management, you may encounter clearing restrictions. Here are three clearing restrictions for Cash Management.

  1.

  Oracle Cash Management cannot clear bills payable that have a status of _____.

  2.

  Oracle Cash Management clears bills payable only if the payment status is _____.

  3.

  On or after the maturity date of the payment, you can update the status to _____. Identify the one status for the second clearing restriction.

  A. issued
  B. negotiable
  C. reconciled
  B. negotiable

• Question 264:

  Which three statements are true about modifying flexfield values? (Choose three.)

  A. The values cannot be disabled.
  B. The value description can be changed.
  C. The effective dates for a value can be limited.
  D. The values can be deleted after they are defined.
  E. The values cannot be modified after they are defined.
  B. The value description can be changed.
  C. The effective dates for a value can be limited.
  E. The values cannot be modified after they are defined.

• Question 265:

  Select three activities that must be performed to complete the setup of the key accounting flexfield. (Choose three.)

  A. Create aliases.
  B. Define a value set.
  C. Define security rules.
  D. Define an account structure.
  E. Define valid segment values.
  F. Create account combinations.
  B. Define a value set.
  D. Define an account structure.
  E. Define valid segment values.

• Question 266:

  During a pilot run of Financial Statement Generator reports, the report output displayed credit amounts as negative numbers. The customer requires the credit amounts on the reports to be positive instead of negative. Identify the solution that must be implemented to meet the customer's requirements.

  A. Inform the customer that this requirement would require a customization.
  B. Select the change sign check box for the related row or column definition.
  C. Deselect the change sign check box for the related row or column definition.
  D. Create a journal by doubling the values wherever the report is displaying negative numbers.
  B. Select the change sign check box for the related row or column definition.

• Question 267:

  Identify three key accounts to be considered during the implementation of Payables that impacts the reconciliation of the accounts payable liability accounts. (Choose three.)

  A. AP liability account
  B. accrual charge account
  C. receiving accrual account
  D. accrued Payables account
  E. receiving inventory account
  F. expense AP accrual account
  G. inventory AP accrual account
  A. AP liability account
  F. expense AP accrual account
  G. inventory AP accrual account

• Question 268:

  Identify three considerations for implementing internal controls for payment processing. (Choose three.)

  A. physical security
  B. fewer payment runs
  C. amend payment methods
  D. proper segregation of duties
  E. credentials of the payment processing staff
  B. fewer payment runs
  D. proper segregation of duties
  E. credentials of the payment processing staff

• Question 269:

  Your manager has asked you to create a period close process that maximizes the efficiency of your two staff members and minimizes the number of closing days. Identify two sets of subledgers that can be closed concurrently. (Choose two.)

  A. Payables and Assets
  B. Projects and Payables
  C. Inventory and Receivables
  D. Payables and Receivables
  E. Order Management and Projects
  D. Payables and Receivables
  E. Order Management and Projects

• Question 270:

  John has created two ledgers: one primary and one secondary. The primary ledger stores transactional data and the secondary ledger stores only adjustments. The secondary ledger shares the same chart of accounts, accounting calendar or period-type combination, and currency as the associated primary ledger. John wants to obtain a complete accounting representation that includes both transactional data and adjustments while running reports. Identify the best option.

  A. Merge the primary ledger and the secondary ledger, and run reports.
  B. Transfer adjustment data from the secondary ledger to the primary ledger while running reports.
  C. Transfer transactional data from the primary ledger to the secondary ledger while running reports.
  D. Use ledger sets to combine the adjustments-only secondary ledger with the primary ledger when running reports.
  D. Use ledger sets to combine the adjustments-only secondary ledger with the primary ledger when running reports.