Oracle 1Z0-517 Online Practice Questions and Exam Preparation

Oracle 1Z0-517 Online Questions & Answers

• Question 51:

  Which two are the mandatory flexfield qualifiers in Oracle General Ledger? (Choose two.)

  A. balancing segment
  B. cost center segment
  C. management segment
  D. natural account segment
  E. secondary tracking segment
  A. balancing segment
  D. natural account segment

• Question 52:

  To review "All of Today's" selected invoice from the payment process request in the Payment Manager, perform these actions:

  1.

  Navigate to the Paymnent Process Request component.

  2.

  Navigate to the (B) Views window.

  3.

  Select "All of Today's" from the drop-down list.

  4.

  Click the Go button.

  5.

  The payment process request for today is displayed.

  Select the actions, arranged in their proper sequence.

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

• Question 53:

  To manually enter tax details for an item, freight, miscellaneous, or prepayment lines, you must complete seven fields. Name three. (Choose three.)

  A. industry
  B. tax amount
  C. tax regime
  D. commodity
  E. supplier site
  B. tax amount
  C. tax regime
  E. supplier site

• Question 54:

  Identify three statements that are true for supplier's bank details. (Choose three.)

  A. Suppliers maintain their bank details.
  B. Bank details are required only for manual check payments.
  C. Bank accounts can be added at any time for a supplier or supplier site.
  D. Payables uses bank account information to generate an electronic payment for a supplier.
  E. Updating bank accounts for a supplier will not affect bank accounts for existing supplier sites.
  C. Bank accounts can be added at any time for a supplier or supplier site.
  D. Payables uses bank account information to generate an electronic payment for a supplier.
  E. Updating bank accounts for a supplier will not affect bank accounts for existing supplier sites.

• Question 55:

  Identify three true statements about the invoice approval workflow. (Choose three.)

  A. If an approver rejects the invoice, the Workflow program ends.
  B. If an approver does not respond within the time you specify, Workflow routes the invoice back to the originator.
  C. If an approver does not respond within the time you specify, the Workflow requests approval from that person's manager.
  D. If an approver approves the invoice, the invoice goes to the next person in the approver list until all required people approve the invoice.
  E. If the invoice amount is chanaged after the invoice is already submitted to the approval process or after the process is complete, the system does not automatically resubmit the invoice for approval.
  A. If an approver rejects the invoice, the Workflow program ends.
  C. If an approver does not respond within the time you specify, the Workflow requests approval from that person's manager.
  D. If an approver approves the invoice, the invoice goes to the next person in the approver list until all required people approve the invoice.

• Question 56:

  For each subledger, there must be one _____.

  A. journal type
  B. account type
  C. journal source
  D. journal category
  C. journal source

• Question 57:

  The companys two senior executives have different budget figures. They want Peter, the GL accountant, to prepare two current budgets in Oracle Financials and submit budgets to both of them. What would be your response?

  A. It is not possible to have more than one current budget.
  B. Whether you can have multiple current budgets depends on the budget organization.
  C. The Require Budget Journal profile option must be set at the budget level if you want to have multiple current budgets.
  D. The Require Budget Journal profile option must be set at the set of books level if you want to have multiple current budgets.
  E. The Oracle General Ledger budget functionality supports multiple current budgets, so there is no problem in satisfying this requirement.
  A. It is not possible to have more than one current budget.

• Question 58:

  How do you know funds are available in the budgetary control summary account template?

  A. when the result is less than one, regardless of the balance type
  B. when the result is greater than one, regardless of the balance type
  C. when the debit balance type has a positive amount, and the credit balance type has a negative balance
  D. when the debit balance type has a negative amount, and the credit balance type has a positive amount
  C. when the debit balance type has a positive amount, and the credit balance type has a negative balance

• Question 59:

  Your client wants to report with Financial Statements Generator (FSG) and perform account inquiry at the summary (business unit) level of the cost center segment. A business unit is a group of cost centers, and a business unit manager typically has several cost centers under his or her responsibility. Which option will meet the client's requirements?

  A. defining parent cost centers and a hierarchy of parent/child cost centers; defining rollup groups for the parent cost centers; creating FSG based on the rollup groups
  B. defining parent cost centers and a hierarchy of parent/child cost centers; creating summary accounts based on the parent cost centers; creating FSG based on the parent cost center values
  C. defining parent cost centers and a hierarchy of parent/child cost centers; defining summary accounts for the parent cost centers; creating FSG based on the parent cost center values or summary accounts
  D. defining parent cost centers and a hierarchy of parent/child cost centers; defining rollup groups for the parent cost centers, and summary accounts; creating FSG based on the parent cost center values or summary accounts
  D. defining parent cost centers and a hierarchy of parent/child cost centers; defining rollup groups for the parent cost centers, and summary accounts; creating FSG based on the parent cost center values or summary accounts

• Question 60:

  Which two actions would you perform by using the column set builder function? (Choose two.)

  A. assigning accounts
  B. creating the format mask
  C. defining calculations in the new column
  D. sorting rows based on values in a column
  B. creating the format mask
  C. defining calculations in the new column