Oracle 1Z0-517 Online Practice Questions and Exam Preparation

Oracle 1Z0-517 Online Questions & Answers

• Question 391:

  You have received an invoice that requires an immediate payment. The next scheduled check run is not until the end of the week. Which two methods may you use to create the payment? (Choose two.)

  A. Enter the invoice in the Invoice Workbench, and validate the invoice. Open the Payment Workbench and create a quick payment.
  B. Enter the invoice in the Invoice Workbench, and validate the invoice. Open the Payment Workbench and create a manual payment.
  C. Enter the invoice in the Invoice Workbench, validate the invoice, and select pay in full. This accesses the Payment Workbench and creates a quick payment.
  D. Enter the invoice in the Invoice Workbench, validate the invoice, and select pay in full. This accesses the Payment Workbench and creates a manual payment.
  A. Enter the invoice in the Invoice Workbench, and validate the invoice. Open the Payment Workbench and create a quick payment.
  C. Enter the invoice in the Invoice Workbench, validate the invoice, and select pay in full. This accesses the Payment Workbench and creates a quick payment.

• Question 392:

  Company ABC has implemented Oracle Payables. They have decided not to define supplier bank accounts. They will use payment batches, quick payments, and manual payment processing. Select three payment methods that are available based on the company's requirements. (Choose three.)

  A. wire
  B. check
  C. clearing
  D. electronic funds transfer (EFT)
  E. electronic data interchange (EDI)
  F. extensible markup language (XML)
  A. wire
  B. check
  C. clearing

• Question 393:

  Select the Apply Withholding Tax Payables option that must be set to submit the Withholding Tax by Invoice Report.

  A. At Payment Time
  B. Allow Force Approval
  C. Allow Online Validation
  D. At Invoice Validation Time
  D. At Invoice Validation Time

• Question 394:

  Here are four examples of Payments. Three are temporary prepayments. Select the permanent prepayment.

  A. A supplier sends you an expense report.
  B. Another supplier is paid for a lease deposit for which you do not expect to be invoiced.
  C. Another supplier sends you an invoice referencing a prepayment, so that the hotel catering bill may be paid.
  D. Another supplier sends an invoice that references a prepayment. The supplier further reduces the amount of the invoice by the amount of the prepayment and tax.
  A. A supplier sends you an expense report.

• Question 395:

  Company A wants to use Oracle Internet Expenses with expense report templates. Identify three true statements for the setup of expense report templates. (Choose three.)

  A. The tax code assigned to an expense item must be Web enabled.
  B. Each expense item must have an expense category assigned to it.
  C. The expense report template must be enabled for Internet Expenses.
  D. The GL account assigned to an expense item must have all accounting flexfield segment values entered.
  A. The tax code assigned to an expense item must be Web enabled.
  B. Each expense item must have an expense category assigned to it.
  C. The expense report template must be enabled for Internet Expenses.

• Question 396:

  Identify the four resources that Oracle Technology Network (OTN) provides. (Choose four.)

  A. sample codes
  B. Bug Database
  C. technical articles
  D. product downloads
  E. product documentation
  F. Applications Electronic Technical Reference Manuals (eTRM)
  A. sample codes
  C. technical articles
  D. product downloads
  E. product documentation

• Question 397:

  Company Z has implemented Payables, General Ledger, and Project Accounting. Both Transfer to GL and Interface Supplier Costs are processed each night. A descriptive flexfield called SAI Value has been defined on the invoice header to capture additional information, and is used in conjunction with the accounting on the invoices. This is not a required field. There is a corresponding user-defined hold called SAI Hold, which is manually applied whenever an invoice is created and the SAI Value has not been provided to Company Z by the supplier. During weekly reviews of accounting, users have found that invoice transactions that are on SAI Hold are displayed in Project Accounting but not in General Ledger. Select what is causing this issue.

  A. Invoices have not been validated.
  B. The current General Ledger period is closed.
  C. The current Project Accounting period is closed.
  D. The Payables Accounting process has not been run.
  E. Accounting is not being created by the user-defined hold.
  F. The descriptive flexfield field must be a required field, and not an optional field.
  E. Accounting is not being created by the user-defined hold.

• Question 398:

  Identify the report that is used to reconcile the Accounts Payable liability balance at period end.

  A. Accrual Write-Off Report
  B. Uninvoiced Receipts Report
  C. Accounts Payable Trial Balance
  D. Payables Posted Invoice Register
  E. Payables Posted Payment Register
  F. Matched and Modified Receipts Report
  C. Accounts Payable Trial Balance

• Question 399:

  ABC Enterprises has operations in the UK, France, the US (West), and the US (East). The US (West) has budgetary control enabled and the US (East) requires approvals for journals. All operations share the same chart of accounts, accounting calendar, and subledger accounting method. The US (West) and the US (East) operate on the USD currency. The UK's currency is GBP, whereas France operates on the EUR currency. Identify the least number of legal entities and accounting setups to be created.

  A. 1 legal entity and 4 accounting setups
  B. 4 legal entities and 1 accounting setup
  C. 3 legal entities and 3 accounting setups
  D. 4 legal entities and 4 accounting setups
  D. 4 legal entities and 4 accounting setups

• Question 400:

  When structuring the summary accounts hierarchy, what fact must you take into consideration?

  A. Grandparenting is not allowed (parents cannot become children).
  B. You must include every parent value that is defined in the chart of accounts to a rollup group.
  C. General Ledger will not automatically maintain rollup relationships from the summary level to the lowest detail level.
  D. You can drill down only on balances from the summary level to the lowest detail level, and not to intermediate detail levels.
  D. You can drill down only on balances from the summary level to the lowest detail level, and not to intermediate detail levels.