Certbus > Oracle > On-Premise Applications > 1Z0-517 > 1Z0-517 Online Practice Questions and Answers

1Z0-517 Online Practice Questions and Answers

Questions 4

Which event reverses an accrual for an item set to accrue on receipt?

A. paying an invoice

B. delivering goods to a final destination

C. running the Receipt Accruals - Period-end process

D. matching an invoice in Payables to a purchase order

Browse 410 Q&As
Questions 5

ABC Company in India imports baking equipment from XYZ Company in the USA. There is an outstanding invoice of $1,000,000 to be paid in two months. The USD-to-INR rate when the transaction was done was

47.5. Now the USD-to-INR rate has changed from 47.5 to 40.5. Jack, who is a treasury analyst at ABC Company, reviews the transactions and comes to a conclusion. Select two correct conclusions arrived upon by Jack. (Choose two.)

A. XYZ Company is not impacted at all by this rate change.

B. XYZ Company has a positive impact by this rate change.

C. ABC Company is not impacted at all by this rate change.

D. ABC Company has a positive impact by this rate change.

Browse 410 Q&As
Questions 6

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.

Browse 410 Q&As
Questions 7

Sam, the CFO of XYZ Company, finds that in the expenditure budget of the current year, there are many funds available in the stationery account, whereas there is not much amount left for employee travel expenses. Sam instructs the budget analyst John to transfer 80% of the stationery account to the travel expenses account. While transferring the amount, John encountered errors and approached Sam for a resolution. Sam reviews the situation and clarifies it to John. Choose what Sam would have explained to John.

A. There must be some budgetary control enabled on the travel expenses, and a transfer can be made only after a funds check.

B. There must be some budgetary control enabled on the stationery account, and a transfer can be made only after a funds check.

C. There must be some budgetary control enabled on the stationery and travel expenses accounts, and a transfer can be made only after a funds check.

D. It is not possible to transfer amount from one account to another unless the absolute amount is known. So John should have calculated 80% of the stationery account and then tried to make the transfer.

Browse 410 Q&As
Questions 8

Identify three types of entities that can be defined and related to one another in Oracle Applications. (Choose three.)

A. ledger

B. paygroups

C. legal entities

D. responsibilities

E. business groups

Browse 410 Q&As
Questions 9

Identify the statement that reflects the functionality of the Create Accounting Process.

A. The Create Accounting Process creates subledger accounting entries.

B. You can use the Create Accounting Process to create subledger accounting entries and validate the invoices.

C. The Create Accounting Process is used to create subledger accounting entries and transfer the transactions to General Ledger.

D. The Create Accounting Process is used to create subledger accounting entries, and transfer and post the transactions to General Ledger.

Browse 410 Q&As
Questions 10

Where do you define the attribute that determines whether you will accrue expense items at receipt or at period end?

A. System Options

B. Financial Options

C. Payables Options

D. Purchasing Options

E. Payables System Setup Options

Browse 410 Q&As
Questions 11

ABC.com wants to create invoices for suppliers on the basis of purchase order (PO) receipts. Which three steps should the company take in Payables? (Choose three.)

A. Enable Gapless numbering

B. Enable the invoice match option

C. Enable pay on receipt at site level

D. Submit the pay on Receipt Auto Invoice Program

Browse 410 Q&As
Questions 12

From which three areas do the defaults come when you enter a supplier? (Choose three.)

A. Items

B. Operating Unit

C. Financial Options

D. Payables Options

E. Receiving Options

Browse 410 Q&As
Questions 13

At ABC.com's site, under payables options, the transfer to GL option has been set to summarize by accounting period. The period end close processes for accounts parable have run and the payables journals (Purchase invoices and payments) have been created and posted in General Ledger. Which statement is true?

A. Drilling down from the journals of purchase invoices and payments categories in GL to payables is possible

B. Drilling down from the journals of the payment category in GL to payables is possible, but drilling down from journals of the purchase invoices category in GL to payables is not possible

C. Drilling down from the journals of the purchase invoices category in GL is possible but drilling down from journals of the payments category in GL to payables is not possible

D. Drilling down from GL to payables is not possible

Browse 410 Q&As
Questions 14

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

Browse 410 Q&As
Questions 15

As part of its closing process, XYZ Corporation reviews receipt accruals. Occasionally, Payables matches incorrectly, and therefore they find that some perpetual accruals never clear, leaving reconciliation items on their accrual reports.

Which two actions can they perform to solve the problem? (Choose two.)

A. Reverse the invoice distributions and rematch if possible.

B. Run the Uninvoiced Receipts Report to identify the receipt accrual that has not cleared and create a manual journal entry in General Ledger to clear the receipt from the report.

C. Run the Matching Hold Detail Report to identify the receipt that has not cleared and use the Write-Off window to remove the item from reappearing on subsequent reports. Create a manual journal entry in General Ledger to clear the accrual.

D. Run the Accrual Rebuild Reconciliation Report to identify the receipt accrual that has not cleared and use the Write-Off window to remove the item from reappearing on subsequent reports. Create a manual journal entry in General Ledger to clear the accrual.

Browse 410 Q&As
Questions 16

You are in the Tax Lines Summary window and you update the calculated tax amount of one of the taxable distributions. You must also adjust ________.

A. the number of invoice lines

B. the total header invoice amount

C. the amount of another distribution

D. the self assessed taxes in the Tax Details window

Browse 410 Q&As
Questions 17

Which is the final step in processing a payment batch?

A. Cancel the payment batch.

B. Confirm the payment batch.

C. Validate the payment batch.

D. Run the create accounting process.

E. Transfer the batch to General Ledger.

Browse 410 Q&As
Questions 18

Which two statements are true regarding partitioning of data by an application? (Choose two.)

A. General Ledger is partitioned by Ledgers.

B. Accounts Payable is partitioned by Ledgers.

C. Fixed Assets are partitioned by Operating Unit.

D. Accounts Receivable is partitioned by Operating Unit.

E. Order Management is partitioned by Inventory Organization.

Browse 410 Q&As
Exam Code: 1Z0-517
Exam Name: Oracle E-Business Suite R12.1 Payables Essentials
Last Update: Mar 20, 2024
Questions: 410 Q&As

PDF

$45.99

VCE

$49.99

PDF + VCE

$59.99