Oracle 1Z0-517 Online Practice Questions and Exam Preparation

Oracle 1Z0-517 Online Questions & Answers

• Question 321:

  You are implementing Oracle General Ledger (GL) at a client site. The client is based in the US, but they have a presence in many countries and transactions in multiple currencies. The implementation team decides that the GL multi-currency setup will be a part of the implementation. John, a junior consultant helping you in the implementation effort, tells you that he is testing the system and entering journals in USD, Yen, and Euros. He says that he is able to enter journals in USD and Euros, but not in Japanese Yen. What possible explanation can you provide to John for this?

  A. Yen has not been enabled.
  B. Rate types have not been defined for Yen.
  C. Daily rates have not been entered for Yen.
  D. Workflow must be customized for journals to be entered in Yen.
  A. Yen has not been enabled.

• Question 322:

  Here is a description of a report, file, or register. Use this to review payments created for each bank account that you use during a time period you specify. The report lists each payment, as well as total payment amount and cleared amount of all payments. Identify the name of this standard report.

  A. Positive Pay File
  B. Payment Register
  C. Payment Exceptions Report
  D. Payment Process Request Status Report
  B. Payment Register

• Question 323:

  Identify three options for preventing prepayments. (Choose three.)

  A. Release the scheduled payment.
  B. Apply one or more holds to the prepayment.
  C. Apply the holds as you would for any other invoice.
  D. Release the holds from a prepayment just as you would for any other invoice.
  B. Apply one or more holds to the prepayment.
  C. Apply the holds as you would for any other invoice.
  D. Release the holds from a prepayment just as you would for any other invoice.

• Question 324:

  Select four options that can be set at the supplier site level. (Choose four.)

  A. surveys
  B. tax details
  C. accounting
  D. bank details
  E. business classification
  A. surveys
  B. tax details
  C. accounting
  D. bank details

• Question 325:

  Identify the two methods that are NOT used to enter invoice distributions. (Choose two.)

  A. using a distribution set
  B. creating through allocations
  C. matching the invoice to a shipment
  D. using the Distributions Open Interface
  E. manually entering in the distributions window
  C. matching the invoice to a shipment
  D. using the Distributions Open Interface

• Question 326:

  Company A has implemented Oracle Payables and Oracle General Ledger. It has a third-party (non-Oracle) application that it uses to enter employee expense reports. The company wants to interface the expense reports created in the third-party application to Oracle Payables as invoices, and pay these invoices out of Oracle Payables. Identify the Oracle Payables interface that accomplishes this.

  A. Projects Import Interface
  B. Payables Open Interface
  C. Credit Card Import Interface
  D. Expense Report Import Interface
  B. Payables Open Interface

• Question 327:

  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 328:

  ABC Corp. has determined its Accounting Key Flexfield structure for the implementation of Oracle E-Business Suite Release 12. The Accounting Key Flexfield structure contains five Segments: Company, Business Unit, Department, Account,

  and Product.

  They have the following requirements:

  1) The Department values should be based on the Business Units.

  2) They want to produce a quarterly Balance Sheet for each Company.

  Which three statements are true? (Choose three.)

  A. The Product Value Set is dependent on the Accounts.
  B. The Business Unit Value Set is defined as Independent.
  C. The Account Segment has a Value Set with no Validation.
  D. The Company Segment is qualified as the Balancing Segment.
  E. The Department Segment is qualified as an Intercompany Segment.
  F. Cross-validation rules are required to enforce dependency of Departments on the Business Units.
  B. The Business Unit Value Set is defined as Independent.
  D. The Company Segment is qualified as the Balancing Segment.
  F. Cross-validation rules are required to enforce dependency of Departments on the Business Units.

• Question 329:

  At your client site, under Payables Options, the Transfer to GL option has been set to Summarize by Accounting Period. The period-end close proceses for AP have run and the Payables journal (purchase invoices and payments) have been created and posted in GL.

  Which statement is true?

  A. It is not possible to drill down from GL to Payables.
  B. It is possible to drill down from journals of categories purchase invoices and payments in GL to Payables.
  C. Drilldown from the journals of category purchase invoices in GL is possible, but not drilldown from journals of category payments.
  D. Drilldown from the journals of category payments in GL to Payables is possible, but not dirlldown from journals of category purchase invoices.
  B. It is possible to drill down from journals of categories purchase invoices and payments in GL to Payables.

• Question 330:

  You are implementing Oracle General Ledger at ABC Enterprises. ABC Enterprises is a legal entity and must perform corporate and statutory reporting. It operates in a country that requires companies to have two complete ledgers: one for statutory reporting and another for corporate reporting. Identify the best option for primary and secondary ledgers.

  A. Use the primary ledger to satisfy corporate reporting requirements, and then use a secondary ledger to satisfy statutory reporting requirements.
  B. Use the primary ledger to satisfy statutory reporting requirements, and then use a secondary ledger to satisfy corporate reporting requirements.
  C. Use the primary ledger to satisfy corporate reporting requirements, and then use an adjustment-only secondary ledger to satisfy statutory reporting requirements.
  D. Use the primary ledger to satisfy statutory reporting requirements, and then use an adjustment- only secondary ledger to satisfy corporate reporting requirements.
  A. Use the primary ledger to satisfy corporate reporting requirements, and then use a secondary ledger to satisfy statutory reporting requirements.