Oracle 1Z0-517 Online Practice Questions and Exam Preparation

Oracle 1Z0-517 Online Questions & Answers

• Question 61:

  Identify four consolidation tools. (Choose four.)

  A. Interface Data Transformer
  B. Global Consolidation System
  C. Global Intercompany System
  D. Financial Statement Generator
  E. Applications Desktop Integrator
  A. Interface Data Transformer
  B. Global Consolidation System
  D. Financial Statement Generator
  E. Applications Desktop Integrator

• Question 62:

  You are working on an implementation for Accounts Payable. Many payments for small suppliers will be made outside the system, but your client does not want to manually record them because that would be time consuming. Choose the best solution.

  A. Create electronic payment batches by using a check payment method for those multiple suppliers, and destroy those checks.
  B. Create electronic payment batches by using a wire payment method for those multiple suppliers, and then delete the resulting electronic file.
  C. Create electronic payment batches by using a clearing payment method for those multiple suppliers because this payment method does not generate a file.
  D. Create electronic payment batches by using an electronic payment method such as EFT for those multiple suppliers, and then do not send the resulting electronic file to the bank.
  B. Create electronic payment batches by using a wire payment method for those multiple suppliers, and then delete the resulting electronic file.

• Question 63:

  A reversing journal entry can be posted into _____.

  A. a current or any future open period
  B. a past closed period and a current open period
  C. a current open period and a never-opened period
  A. a current or any future open period

• Question 64:

  ABC.com's, European operations accrue all the expenses items on receipt (perpetual accrual) without any exceptions. Which statement is true about the period close for payables and purchasing?

  A. Purchasing has to close before payables
  B. Payables has to close before purchasing
  C. Closing of Payables automatically closes purchasing
  D. Payables and purchasing can close independently of each other
  D. Payables and purchasing can close independently of each other

• Question 65:

  Identify two types of inquiries that are possible on ledger sets. (Choose two.)

  A. variance inquiry
  B. summary template and summary account inquiries
  C. a budget balance inquiry to view the budgeted figures
  D. an account inquiry on ledger sets to view actual accounts balances across multiple ledgers that are assigned to a ledger set
  E. an account inquiry on ledger sets to view encumbrance account balances across multiple ledgers that are assigned to a ledger set
  D. an account inquiry on ledger sets to view actual accounts balances across multiple ledgers that are assigned to a ledger set
  E. an account inquiry on ledger sets to view encumbrance account balances across multiple ledgers that are assigned to a ledger set

• Question 66:

  In the accrual process for period-end accruals, which two events generate accounting entries that can be transferred to General Ledger? (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
  C. running the period-end accrual program
  D. entering invoices and matching them in Payables

• Question 67:

  Identify the table used to load procurement card transactions.

  A. AP_Card_Codes
  B. AP_Invoices_Interface
  C. AP_Invoice_Lines_Interface
  D. AP_Expense_Feed_Lines_All
  D. AP_Expense_Feed_Lines_All

• Question 68:

  John, the rates manager at ABC Company in the USA, is in charge of maintaining currency rates for the entire company. John had defined the rates for GBP to USD and GBP to Indian Rupee (INR) only. Sam, the company accountant, is worried that he would not be able to execute transactions involving USD and INR currencies. What does John say to help Sam?

  A. Currency Rates Manager automatically converts all transactions entered in INR to USD.
  B. Currency Rates Manager automatically converts all transactions entered in INR to GBP first and then to USD.
  C. Currency Rates Manager automatically performs the calculation between USD and INR on the basis of cross-rate rules.
  D. Sam must manually define the USD to INR rates first, to be able to enter transactions involving USD and INR currency.
  E. Sam must manually define the INR to USD rates first, to be able to enter transactions involving USD and INR currency.
  C. Currency Rates Manager automatically performs the calculation between USD and INR on the basis of cross-rate rules.

• Question 69:

  Identify the different types of data that can be processed using the GL Interface. (Choose three.)

  A. rates
  B. budget
  C. vendors
  D. statistical
  E. intercompany
  F. currency codes
  B. budget
  D. statistical
  E. intercompany

• Question 70:

  Sam, the CFO of XYZ Company, wants to prepare the annual capital expenditure budget for the current year with reference to the capital expenditure budget of the previous year.

  The capital expenditure budget is subdivided into multiple items, and the corporate calendar used at XYZ Company has thirteen periods. Which budget rule must Sam use to minimize the effort.

  A. prior year budget monetary and prior year budget statistical
  B. prior year actual monetary and current year budget statistical
  C. prior year budget monetary and current year budget statistical
  D. current year actual monetary and current year actual statistical
  E. current year budget monetary and current year budget statistical
  A. prior year budget monetary and prior year budget statistical