Oracle 1Z0-517 Online Practice Questions and Exam Preparation

Oracle 1Z0-517 Online Questions & Answers

• Question 81:

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

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

• Question 82:

  Jane, the GL accountant, comes to you with a requirement: the recurring journals batches must be automatically generated at specified intervals. What would be your response?

  A. Allow Dynamic Insert must be enabled to satisfy this requirement.
  B. Cross-validation rules must be defined to satisfy this requirement.
  C. It is possible to satisfy this requirement by using the autoallocation functionality.
  D. It is not possible to satisfy this requirement; recurring journals must be created manually.
  C. It is possible to satisfy this requirement by using the autoallocation functionality.

• Question 83:

  Identify the setup options that would allow the accounts payable supervisor to default an active expense report template.

  A. System Options
  B. Financial Options
  C. Code Set Options
  D. Payables Options
  E. Expense Report Payables Options
  E. Expense Report Payables Options

• Question 84:

  The GL user entered a taxable journal and posted it. Later, the user realized that the tax code entered was wrong. What must the user do?

  A. Delete the journal and reenter it.
  B. Reverse and reenter the journal.
  C. Unpost the journal and reenter it.
  D. Modify the tax code at the line level.
  E. Enter another journal with the difference in the tax amount.
  B. Reverse and reenter the journal.

• Question 85:

  ABC Corp. has set up the Asset Category Key Flexfield. It has also set up a Descriptive Flexfield to store vehicle information associated with the asset category "Vehicle." Identify two correct statements. (Choose two.)

  A. The setting up of the Descriptive Flexfield is mandatory.
  B. The Asset Category Flexfield is owned by the Oracle Assets module.
  C. The Descriptive Flexfield attributes are associated with tables in the Oracle Assets module.
  D. Only the Asset Category Key Flexfield is associated with tables in the Oracle Assets module.
  B. The Asset Category Flexfield is owned by the Oracle Assets module.
  C. The Descriptive Flexfield attributes are associated with tables in the Oracle Assets module.

• Question 86:

  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, then 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 changed 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, then 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 87:

  Identify the four reports you must run when reconciling invoices and payments to the Accounts Payable Trial Balance Report. (Choose four.)

  A. Void Check Register
  B. Posted Invoices Report
  C. Posted Payments Report
  D. Accounts Payable Trial Balance - prior period
  E. Payables Transfer to General Ledger Reports
  F. Accounts Payable Trial Balance - current period
  G. Account Analysis - (132 Char) / Account Analysis - (180 Char).
  B. Posted Invoices Report
  C. Posted Payments Report
  D. Accounts Payable Trial Balance - prior period
  F. Accounts Payable Trial Balance - current period

• Question 88:

  ABC.com uses Oracle Purchasing and Payables only. The company would like to know the Financial Options that it should set up it to provide defaults. Which three options would you recommend? (Choose three.)

  A. Accounting
  B. Tax Options
  C. Human Resources
  D. Supplier Purchasing
  E. Encumbrance Options
  A. Accounting
  B. Tax Options
  D. Supplier Purchasing

• Question 89:

  ABC Inc.'s calendar is the fiscal year. They also use Average Balance Processing.

  ABC's accrual category is defined with AutoReversal, with the reversal period as the next day, and an effective date rule of roll. An accrual journal entered on 29-Apr-05 will be reversed on the _____.

  A. first day of the next period
  B. next day in the same period
  C. next business day in the same period
  D. next business day in the same period or the next period, based on the transaction calendar
  D. next business day in the same period or the next period, based on the transaction calendar

• Question 90:

  Choose three tables that will be populated when the Journal Import process is run with the option to post set as "Yes." (Choose three.)

  A. GL_JE_LINES
  B. GL_JE_BATCHES
  C. GL_JE_HEADERS
  D. GL_JE_SOURCES
  E. GL_IMPORT_REFERENCES
  A. GL_JE_LINES
  B. GL_JE_BATCHES
  C. GL_JE_HEADERS