Oracle 1Z0-517 Online Practice Questions and Exam Preparation

Oracle 1Z0-517 Online Questions & Answers

• Question 41:

  ABC Enterprise has operations in the US and its headquarters in the UK. They share the same chart of accounts, accounting calendar, accounting method, and ledger-processing options. UK management requires reporting on receivables from its US operations in GBP each month. Identify the best option for the US operations to report to their parent.

  A. Create an account-level reporting currency.
  B. Create a subledger-level reporting currency.
  C. Create a journal-level reporting currency for every transaction.
  D. Create a balance-level reporting currency and run general ledger translation.
  B. Create a subledger-level reporting currency.

• Question 42:

  Which two parameters facilitate cross organization reports in a Multi-Org environment? (Choose two.)

  A. Ledger
  B. Legal Entity
  C. Operating Unit
  D. Reporting Level
  E. Reporting Context
  D. Reporting Level
  E. Reporting Context

• Question 43:

  Suppliers play an important part in the Procure-to-Pay process. Select three activities that you must perform using a supplier. (Choose three.)

  A. You receive goods or services from suppliers.
  B. You need supplier information for entering purchase orders.
  C. You must pay the supplier for the goods or services purchased.
  D. You need a supplier as the criterion to search for a payment in the system.
  E. You need a supplier as the criterion to search for purchase orders in the system.
  A. You receive goods or services from suppliers.
  B. You need supplier information for entering purchase orders.
  C. You must pay the supplier for the goods or services purchased.

• Question 44:

  Identify three Oracle E-Business Suite Release 12 applications that both integrate with Payables and provide Payables-related accounting information to Oracle Subledger Accounting. (Choose three.)

  A. Oracle Assets
  B. Oracle Leasing
  C. Oracle Inventory
  D. Oracle Receivables
  E. Oracle Procurement
  A. Oracle Assets
  C. Oracle Inventory
  E. Oracle Procurement

• Question 45:

  Select the income tax report that is NOT available in the Payables module.

  A. Withholding Tax by Invoice
  B. Withholding Tax by Supplier
  C. Withholding Tax by Payment
  D. Withholding Tax by Supplier Site
  D. Withholding Tax by Supplier Site

• Question 46:

  You initiated a pay run by entering criteria for invoices that you want to pay. In which order would you perform these steps to complete the pay run process?

  1.

  Review proposed payments.

  2.

  Print payments.

  3.

  Create payment instructions.

  4.

  Select and build proposed payments.

  5.

  Mark payments as complete.

  A. 4, 2, 1, 5, 3
  B. 4, 1, 3, 2, 5
  C. 2, 4, 1, 3, 5
  D. 5, 4, 1, 2, 3
  B. 4, 1, 3, 2, 5

• Question 47:

  The Health Department of the United Kingdom is using the cash basis of accounting. After the recent elections, the new government has decided to implement Oracle General Ledger. They want to change the accounting method to accrual basis. However, they also want to maintain the cash basis of accounting for reporting purposes. As an implementation consultant, what one recommendation would you make to meet the above requirement?

  A. Create two primary ledgers with the standard cash method.
  B. Create two primary ledgers with the standard accrual method.
  C. Create a primary ledger with standard cash, and a reporting ledger with standard accrual.
  D. Create a primary ledger with the standard accrual method, and a reporting ledger with standard cash.
  E. Create a primary ledger with standard accrual, and the secondary ledger with the standard cash methods.
  E. Create a primary ledger with standard accrual, and the secondary ledger with the standard cash methods.

• Question 48:

  Identify four options for Quick Payments. (Choose four.)

  A. Create a check, save it, and print it later.
  B. Select an invoice that has not been validated.
  C. Select an invoice that has one or more holds.
  D. Create a quick payment, and select an invoice regardless of the due date.
  E. Create a quick payment, and select an invoice regardless of the payments terms.
  F. Create and print a computer-generated payment to pay a supplier for one or more invoices.
  A. Create a check, save it, and print it later.
  D. Create a quick payment, and select an invoice regardless of the due date.
  E. Create a quick payment, and select an invoice regardless of the payments terms.
  F. Create and print a computer-generated payment to pay a supplier for one or more invoices.

• Question 49:

  What is a benefit of the secondary tracking segment?

  A. Additional security ensures that correct accounts are selected while entering transactions.
  B. The Management segment is enabled automatically when the secondary segment is defined.
  C. More details are provided to retained earnings, cumulative translation adjustments, and revaluation gains/losses accounts.
  C. More details are provided to retained earnings, cumulative translation adjustments, and revaluation gains/losses accounts.

• Question 50:

  Identify two features of Oracle Workflow in Oracle E-Business Suite Release 12. (Choose two.)

  A. enhances data security
  B. helps you focus on managing individual business transactions
  C. has each activity in a workflow as a PL/SQL function or a notification or a subprocess
  D. can integrate business functions only between business processes within a single company
  E. can integrate business processes within an enterprise, as well as between different organizations and different systems
  C. has each activity in a workflow as a PL/SQL function or a notification or a subprocess
  E. can integrate business processes within an enterprise, as well as between different organizations and different systems