1Z0-517 Online Practice Questions and Answers

Select two restrictions that apply to consolidating budget balances. (Choose two.)

A. If the source and target budgets share the same calendar, you must consolidate a specific period to a specific period.

B. If the source and target budgets share the same start period, you must consolidate a specific period to a specific period.

C. If the source and target budgets do not share the same ledger, you must consolidate a specific period to a specific period.

D. If the source and target budgets do not share the same calendar, you must consolidate a specific period to a specific period.

E. If the source and target budgets do not share the same start period, you must consolidate a specific period to a specific period.

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.

Identify three invoice holds that cannot be manually released. (Choose three.)

A. Acct Hold Reason

B. Funds Hold Reason

C. Invoice Hold Reason

D. Variance Hold Reason

E. Insufficient Information

F. Matching Hold Reason

G. Prepaid Amount Reason

Select three processes that must be performed before closing the purchasing period. (Choose three.)

A. Process period-end receipt accruals.

B. Run the Purchasing Account Analysis Report.

C. Process the remaining inventory transactions.

D. Run and review the Uninvoiced Receipts Report.

E. Run Transfer Journal Entries to the GL program from Receiving.

Your company accrues expense items at period end. Identify the report that must be generated before you run your receipts' accrual period-end process.

A. Accrual Write-Off

B. Uninvoiced Receipts

C. Mass Additions Create

D. Accounts Payable Trial Balance

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

Identify three statements that are true about E-Business Tax and Payables. (Choose three.)

A. In E-Business Tax, tax calculations are based on supplier's site defaults.

B. In E-Business Tax, there is one repository with detailed and fully allocated tax lines.

C. Payables is not integrated with E-Business Tax to provide tax services for invoices.

D. With E-Business Tax, you can account for recoverable taxes at the time and to the extent of payment in Payables.

E. Payables integrates with E-Business Tax to automatically determine and calculate the applicable tax lines for the invoices.

To transmit an electronic payment instruction manually, perform these four steps.

1.

In the Payments Manager, select the Payment Instruction tab.

2.

In the Status field of the Search region, select Formatted - Ready for Transmission and click the Go button.

3.

For the applicable payment instruction, click the Take Action icon. The Transmit Payment Instruction: page is displayed.

4.

From the Action drop-down list, select Transmit and click the Go button.

Arrange the steps in the proper sequence they would be performed.

A. 1, 3, 2, 4

B. 1, 2, 3, 4

C. 1, 3, 4, 2

D. 2, 3, 4, 1

ABC Corporation has closed their APR-XX accounting period. The APR-XX period started on 27-MAR20XX and ended 26-APR-20XX. They have run the Posted Invoice Register, the Posted Payments

Register, and two Accounts Payable Trial Balance Reports (as of 30-MAR-20XX and 30-APR-20XX), but they do not balance. Which two actions must be performed? (Choose two.)

A. Ensure that all invoices for the period are paid.

B. Check the dates on their Accounts Payable Trial Balance Reports.

C. Ensure that invoice and payment journals are posted in General Ledger.

D. Ensure that there are no unaccounted transactions in APR-XX by using the Unaccounted Transactions Report.

Identify the three levels that a Pay Group may be assigned. (Choose three.)

A. invoice

B. supplier

C. supplier's site

D. payment type

E. purchase order