Oracle 1Z0-517 Online Practice Questions and Exam Preparation

Oracle 1Z0-517 Online Questions & Answers

• Question 341:

  During the entry or update of expense reports in the Payables Expense Report window, holds can be applied on an expense report. These holds are carried forward to the invoice created from the expense report in Payables. Which statement is true?

  A. Only one user-defined hold and no system hold can be applied on one expense report in the Payables Expense Report window.
  B. Any number of user-defined holds and only one system hold can be applied on one expense report in the Payables Expense Report window.
  C. Only one user-defined hold and any number of system holds can be applied on one expense report in the Payables Expense Report window.
  D. Any number of user-defined holds and any number of system holds can be applied on one expense report in the Payables Expense Report window.
  A. Only one user-defined hold and no system hold can be applied on one expense report in the Payables Expense Report window.

• Question 342:

  Your company accrues expense items at period end. Identify the report that must be generated before you run your receipts' accrual period-end process.

  A. Accrual Write-Off
  B. Uninvoiced Receipts
  C. Mass Additions Create
  D. Accounts Payable Trial Balance
  B. Uninvoiced Receipts

• Question 343:

  In the accrual process for perpetual accruals, which two events generate accounting entries that can be transferred to GL? (Choose two.)

  A. processing a receipt
  B. entering a purchase order
  C. running the period-end accrual program
  D. entering invoices and matching them in Payables
  A. processing a receipt
  D. entering invoices and matching them in Payables

• Question 344:

  Identify the statement that reflects the functionality of the Create Accounting Process.

  A. The Create Accounting Process creates subledger accounting entries.
  B. You can use the Create Accounting Process to create subledger accounting entries and validate the invoices.
  C. The Create Accounting Process is used to create subledger accounting entries and transfer the transactions to General Ledger.
  D. The Create Accounting Process is used to create subledger accounting entries, and transfer and post the transactions to General Ledger.
  A. The Create Accounting Process creates subledger accounting entries.

• Question 345:

  XYZ Company is implementing Oracle at its headquarters in the US. It has operations in Australia, the UK, and China. The Australian and the US operations can share the same chart of accounts segments, and the UK and China operations can share the same chart of accounts segments. All operations share the same calendar or period-type combination, but not the currency. Each country requires that a separate accounting data be maintained.

  Identify the number of legal entities to be created and the number of accounting setups.

  A. Create one legal entity and four accounting setups.
  B. Create four legal entities and one accounting setup.
  C. Create two legal entities and four accounting setups.
  D. Create four legal entities and four accounting setups.
  D. Create four legal entities and four accounting setups.

• Question 346:

  Identify the profile option that is required to enable Multi-Org Access Control for multiple Operating Units.

  A. HR: User Type
  B. MO: Operating Unit
  C. MO: Security Profile
  D. HR: Business Group
  E. MO: Default Operating Unit
  C. MO: Security Profile

• Question 347:

  Identify three open interfaces used to import data into Payables from other applications or third-party solutions. (Choose three.)

  A. Payables Lease Open Interface
  B. Payables Pcard Open Interface
  C. Payables Supplier Open Interface
  D. Payables iSupplier Open Interface
  E. Payables Payments Open Interface
  F. Payables Credit Card Open Interface
  B. Payables Pcard Open Interface
  C. Payables Supplier Open Interface
  F. Payables Credit Card Open Interface

• Question 348:

  ABC Inc. added a new Operating Unit to its existing Multi-Org Access-enabled responsibility. When users logged in using their existing responsibility, they could not see the new Operating Unit in the list of values. What could be the cause?

  A. Security List Maintenance was not run.
  B. The Set MO: Operating Unit profile was not defined.
  C. The Set Multi-Org Preferences profile was not defined.
  D. The Set MO: Default Operating Unit profile was not defined.
  E. The Set MO: Security profile was not defined for the responsibility.
  A. Security List Maintenance was not run.

• Question 349:

  Select two actions available in Oracle General Ledger. (Choose two.)

  A. deleting posted journals
  B. exporting data to subsidiary ledgers
  C. importing data from subsidiary ledgers
  D. consolidating balances in subsidiary ledgers
  E. consolidating balances from multiple ledgers
  C. importing data from subsidiary ledgers
  E. consolidating balances from multiple ledgers

• Question 350:

  Scott, a consultant with a leading consulting firm, is implementing Oracle General Ledger at a client site and is setting up FSG reports to be used by different users.

  One of the customer requirements is that all users with modify access must not be able to modify privileges on FSG reports. Identify the correct option to meet customer requirements.

  A. Enable the security on definition by selecting the enable security check box.
  B. Remove the security on definition by deselecting the enable security check box.
  C. Exclude the assign access function for those definitions from the user's responsibility.
  D. Define security rules and specify what actions can be performed by each user or a group of users.
  E. Set up profile options against each user and specify what actions can be performed by each user or a group of users.
  C. Exclude the assign access function for those definitions from the user's responsibility.