Oracle 1Z0-517 Online Practice Questions and Exam Preparation

Oracle 1Z0-517 Online Questions & Answers

• Question 31:

  Which two statements are true if you select the QuickMatch invoice type? (Choose two.)

  A. You can use QuickMatch to match individual distribution lines.
  B. You can use QuickMatch to match individual purchase order shipments.
  C. Payables automatically completes the match to all available shipments on the purchase order.
  D. Payables automatically creates invoice distributions on the basis of the purchase order distributions.
  C. Payables automatically completes the match to all available shipments on the purchase order.
  D. Payables automatically creates invoice distributions on the basis of the purchase order distributions.

• Question 32:

  Select two reasons to use reporting hierarchies instead of summary accounts. (Choose two.)

  A. Use summarized data in journal formulas.
  B. Summary relationships are not permanent.
  C. Inquiry of summary amounts is done online.
  D. The primary use for summarization is only for reports.
  E. You can easily reorganize summary views in the future.of the posting process.
  D. The primary use for summarization is only for reports.
  E. You can easily reorganize summary views in the future.of the posting process.

• Question 33:

  Employee information in Oracle E-Business Suite Release 12 is partitioned by _____.

  A. Legal Entity
  B. Operating Unit
  C. Business Group
  D. HR Organization
  E. Inventory Organization
  C. Business Group

• Question 34:

  Identify three statements that are true for setting up withholding tax for supplier and supplier site. (Choose three.)

  A. Withholding tax is an account distribution process.
  B. The withholoding tax option can be overwritten at the invoice level.
  C. If a supplier does not allow withholding tax, you cannot allow withholoding tax for any of the supplier's sites.
  D. Payables defaults the withholding tax group from the suppler site to the invoice and then to invoice distribution.
  E. The Payables setup option, allow withholding tax, can make suppliers and supplier sites subject to withholding tax.
  C. If a supplier does not allow withholding tax, you cannot allow withholoding tax for any of the supplier's sites.
  D. Payables defaults the withholding tax group from the suppler site to the invoice and then to invoice distribution.
  E. The Payables setup option, allow withholding tax, can make suppliers and supplier sites subject to withholding tax.

• Question 35:

  Identify three statements that are true about processing automatic withholding tax invoices and payments. (Choose three.)

  A. Witholding distributions for a paid invoice can be reversed.
  B. If an invoice is paid or partially paid, withholding distribution cannot be reversed.
  C. Payables uses the supplier number as an invoice number for the tax authority's invoice.
  D. Withholding tax distributions are automatically created during invoice validation or payment processing.
  E. Payables automatically creates a withholoding type distribution when a witholding tax group is entered in the Invoices window.
  B. If an invoice is paid or partially paid, withholding distribution cannot be reversed.
  D. Withholding tax distributions are automatically created during invoice validation or payment processing.
  E. Payables automatically creates a withholoding type distribution when a witholding tax group is entered in the Invoices window.

• Question 36:

  Identify what three considerations must be executed before creating a report by using the financial statement generator. (Choose three.)

  A. Download Web ADI.
  B. Create the database link.
  C. Determine the data to be reported.
  D. Define attributes for rows and columns.
  E. Decide which rows and columns will make up the report.
  C. Determine the data to be reported.
  D. Define attributes for rows and columns.
  E. Decide which rows and columns will make up the report.

• Question 37:

  Company K has identified these business requirements for their Payables operations:

  1.

  All invoices must be part of a batch.

  2.

  Discounts must be taken in all situations.

  3.

  Invoices must be numbered by the system.

  4.

  Accounting entries must be created for all invoice types.

  5.

  All credit memos above a certain dollar amount must be approved before entry.

  6.

  Four-way matching is enforced.

  Select the profile option to be configured that will satisfy the above requirements.

  A. AP: Invoice Match
  B. AP: Use Invoice Batch Controls
  C. AP: Enable Invoice Autonumbering
  D. AP: AP Discounts Interface Start Date
  E. AP: Use Invoice Accounting For Credit Memos
  B. AP: Use Invoice Batch Controls

• Question 38:

  Which statement is true about paying invoices?

  A. An invoice can be paid without being validated.
  B. An invoice can be paid only after the invoice accounting entries are created.
  C. An invoice must be validated before you can create invoice accounting entries.
  D. Invoice accounting entries and payment accounting entries can be transferred at different times to General Ledger only if they are in different calendar periods.
  E. Both invoice accounting entries and payment accounting entries must be transferred to General Ledger at the same time if they are in the same calendar period.
  C. An invoice must be validated before you can create invoice accounting entries.

• Question 39:

  A client is implementing ACH and has a business requirement that all invoices go through an approval process flow. Identify three features of the Invoice Approval Workflow that would meet their requirement. (Choose three.)

  A. allows automatic resubmission of an invoice if rejection occurs
  B. has predefined criteria to identify which invoices require approval
  C. allows approval routing management from one central responsibility
  D. provides automatic routing of invoices upon approval to another designated approver
  E. allows for corrections to invoices to be made while still in the approval routing process
  F. provides time limits as to how long an invoice can remain unapproved before being automatically rerouted to the next approver
  B. has predefined criteria to identify which invoices require approval
  D. provides automatic routing of invoices upon approval to another designated approver
  F. provides time limits as to how long an invoice can remain unapproved before being automatically rerouted to the next approver

• Question 40:

  Idenify three processes that you must run before closing your Payables period. (Choose three.)

  A. Expense Report Export
  B. The Create Accounting program
  C. Payabales Open Interface Import
  D. Period Close Exceptions Report
  E. The Transfer Journal Entries to GL program
  B. The Create Accounting program
  D. Period Close Exceptions Report
  E. The Transfer Journal Entries to GL program