Oracle 1Z0-517 Online Practice Questions and Exam Preparation

Oracle 1Z0-517 Online Questions & Answers

• Question 311:

  Identify two features of a Value Set that has a validation type of "None" (Choose two.)

  A. It has an approved list of values associated with it.
  B. The entered value must meet the formatting requirements.
  C. The Flexfield value security rules cannot be used for a segment that uses this Value Set.
  D. Users can enter any value that they want even if it does not meet formatting requirements.
  B. The entered value must meet the formatting requirements.
  C. The Flexfield value security rules cannot be used for a segment that uses this Value Set.

• Question 312:

  Identify two values that the Reporting Level parameter can have when using cross organization reports with the Multi-Org Access Control feature. (Choose two.)

  A. Ledger
  B. Legal Entity
  C. Operating Unit
  D. Security Profile
  E. Business Group
  A. Ledger
  C. Operating Unit

• Question 313:

  Identify three statements that describe Payment Terms. (Choose three.)

  A. default from the supplier site
  B. cannot be specified in import tables
  C. can be used for electronic payments
  D. can be used to schedule payments for an invoice
  E. automatically calculate due dates, discount dates, and discount amounts for each invoice
  A. default from the supplier site
  D. can be used to schedule payments for an invoice
  E. automatically calculate due dates, discount dates, and discount amounts for each invoice

• Question 314:

  The client's GL accountant comes to you with a problem. A journal cannot be posted because it has not been approved. The preparer cannot submit the journal for approval because the Approve button is disabled in the Enter Journals form and the supervisor has not received a notification requesting the approval. What could be the possible cause for this problem?

  A. The profile option GL: Allow Preparer Approval must be reset.
  B. One of the GL account code combinations in the journal is invalid.
  C. Authorization limits have not been defined properly and the GL period is closed.
  D. Budgetary control has been enabled for the set of books and funds have not been reserved for the journal.
  D. Budgetary control has been enabled for the set of books and funds have not been reserved for the journal.

• Question 315:

  Client A has three legacy systems that contain this financial information: purchase orders, suppliers, receipts, invoices, accruals, and expense reports. The client must have much of this information loaded into Oracle Accounts Payable daily until they can effectively retire these three systems. Identify the best approach that involves minimal customization.

  A. Develop custom interfaces for receipts and accruals, and use the invoice import process to bring in other information.
  B. Use Invoice Import to bring in invoice and invoice accrual information. The rest requires custom interfaces to be developed.
  C. Use Invoice Gateway to bring in invoice information, and Supplier Import for suppliers. The rest requires custom interfaces to be developed.
  D. Use Invoice Import to bring in all the above information after setting the correct profile options and defining the appropriate AP and non-AP transaction sources. No custom interfaces are needed.
  E. Use Invoice Gateway to bring in the invoice, invoice accrual, and expense report information; and Supplier Import to bring in supplier information. The rest requires custom interfaces to be developed.
  A. Develop custom interfaces for receipts and accruals, and use the invoice import process to bring in other information.

• Question 316:

  Using the Payables System Setup Options form, you can enable autonumbering for _____.

  A. invoices
  B. suppliers
  C. payments
  D. employees
  E. expense reports
  B. suppliers

• Question 317:

  ABC Systems is headquartered in Toronto with a branch in New Delhi. The Toronto office uses a weekly calendar, whereas the New Delhi office uses a monthly calendar. The GL journals of New Delhi must be reflected in Toronto's books. What conversion method would you use?

  A. Use journal-level secondary ledger conversion.
  B. Use subledger-level secondary ledger conversion.
  C. Use adjustment-level secondary ledger conversion.
  D. Use both subledger-level and adjustment-level secondary ledger conversion.
  A. Use journal-level secondary ledger conversion.

• Question 318:

  Identify four purposes for which the Special Calendar is used. (Choose four.)

  A. payment terms
  B. recurring invoices
  C. Key Indicators Report
  D. automatic tax withholding
  E. opening and closing payables periods
  F. controlling the number of future periods
  A. payment terms
  B. recurring invoices
  C. Key Indicators Report
  D. automatic tax withholding

• Question 319:

  Which four attributes are validated during the Journal Import process? (Choose four.)

  A. period
  B. approval level
  C. balanced journal
  D. cross-validation rule
  E. account combination
  F. journal sequence number
  A. period
  C. balanced journal
  D. cross-validation rule
  E. account combination

• Question 320:

  Select the three options available when creating the Security profile for Multi-Org Access Control. (Choose three.)

  A. View all Organizations
  B. Secure by Business Groups
  C. Secure by Inventory Organizations
  D. Secure by Operating Unit and Inventory Organization
  E. Secure Organizations by Organization list and/or hierarchy
  A. View all Organizations
  D. Secure by Operating Unit and Inventory Organization
  E. Secure Organizations by Organization list and/or hierarchy