Oracle 1Z0-517 Online Practice Questions and Exam Preparation

Oracle 1Z0-517 Online Questions & Answers

• Question 271:

  Sam, the CFO of XYZ Company, finds that in the expenditure budget of the current year, there are many funds available in the stationery account, whereas there is not much amount left for employee travel expenses. Sam instructs the budget analyst John to transfer 80% of the stationery account to the travel expenses account. While transferring the amount, John encountered errors and approached Sam for a resolution. Sam reviews the situation and clarifies it to John. Choose what Sam would have explained to John.

  A. There must be some budgetary control enabled on the travel expenses, and a transfer can be made only after a funds check.
  B. There must be some budgetary control enabled on the stationery account, and a transfer can be made only after a funds check.
  C. There must be some budgetary control enabled on the stationery and travel expenses accounts, and a transfer can be made only after a funds check.
  D. It is not possible to transfer amount from one account to another unless the absolute amount is known. So John should have calculated 80% of the stationery account and then tried to make the transfer.
  B. There must be some budgetary control enabled on the stationery account, and a transfer can be made only after a funds check.

• Question 272:

  Which three are the benefits of the Currency Rates Manager in Oracle General Ledger? (Choose three.)

  A. You can maintain daily rates and historical rates more easily.
  B. You get improved efficiency with the help of the spreadsheet interface.
  C. You can maintain consistency among different currency conversion rates.
  D. Additional security ensures that historical rates can be uploaded to closed or future periods only.
  E. You can maximize intercompany imbalances during intercompany eliminations of foreign currency transactions that are due to exchange rate differences.
  A. You can maintain daily rates and historical rates more easily.
  B. You get improved efficiency with the help of the spreadsheet interface.
  C. You can maintain consistency among different currency conversion rates.

• Question 273:

  Identify the one invoice field that is NOT used on the Lines Tab.

  A. type
  B. ship to
  C. amount
  D. description
  E. distribution set
  F. trading partner
  G. distribution account
  F. trading partner

• Question 274:

  Identify the three levels that a Pay Group may be assigned. (Choose three.)

  A. invoice
  B. supplier
  C. supplier's site
  D. payment type
  E. purchase order
  A. invoice
  B. supplier
  C. supplier's site

• Question 275:

  Control options at the site level default from ______.

  A. the supplier
  B. system options
  C. financial options
  D. payables options
  A. the supplier

• Question 276:

  To enter manual tax lines on invoices, enable manual tax options in E-Business Tax. Select three setup options for manual tax lines. (Choose three.)

  A. Regime
  B. Event Class
  C. Regime, Tax
  D. Configuration Owner
  E. Tax - Controls and Defaults
  F. Regime, Tax, Tax Jurisdiction
  B. Event Class
  D. Configuration Owner
  E. Tax - Controls and Defaults

• Question 277:

  ABC.com wants to create invoices for suppliers on the basis of purchase order (PO) receipts. Which three steps should the company take in Payables? (Choose three.)

  A. Enable Gapless numbering
  B. Enable the invoice match option
  C. Enable pay on receipt at site level
  D. Submit the pay on Receipt Auto Invoice Program
  A. Enable Gapless numbering
  C. Enable pay on receipt at site level
  D. Submit the pay on Receipt Auto Invoice Program

• Question 278:

  Identify the four reports you must run when reconciling invoices and payments to the Accounts Payable Trial Balance Report. (Choose four.)

  A. Void Check Register
  B. Posted Invoices Report
  C. Posted Payments Report
  D. Accounts Payable Trial Balance ?prior period
  E. Payables Transfer to General Ledger Reports
  F. Accounts Payabale Trial Balance ?current period
  G. Account Analysis ?(132 Char) / Account Analysis ?(180 Char).
  B. Posted Invoices Report
  C. Posted Payments Report
  D. Accounts Payable Trial Balance ?prior period
  F. Accounts Payabale Trial Balance ?current period

• Question 279:

  XYZ Company is implementing Oracle General Ledger. They want to record and report on expenses by cost center. Identify three segments that must be defined for XYZ Company's accounting flexfield.(Choose three.)

  A. project
  B. account
  C. balancing
  D. cost center
  E. intercompany
  B. account
  C. balancing
  D. cost center

• Question 280:

  Identify three statements that are true for entering bank and branch details. (Choose three.)

  A. Each bank must have at least one bank branch.
  B. The bank account number is free-formatted information.
  C. Banks and bank branches are created for Cash Management.
  D. Bank accounts cannot be shared between bank and bank branches.
  E. Each bank can have multiple branches and each branch can have multiple accounts.
  A. Each bank must have at least one bank branch.
  B. The bank account number is free-formatted information.
  E. Each bank can have multiple branches and each branch can have multiple accounts.