1Z0-517 Exam Questions

Identify three setup options that are defined in the Financial Options window. (Choose three.)

Select two actions available in Oracle General Ledger. (Choose two.)

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 Ru...

You are implementing Oracle General Ledger (GL) at a client site. The client is based in the US, but they have a presence in many countries and transactions in multiple currencies....

Scott, the CFO at ABC Company in the USA, wants to present the annual income statement to the board of directors of the company. ABC Company engages in many exports and import acti...

You are implementing Oracle General Ledger at a client site. The client is based in the US, but they have a presence in many countries and transactions in multiple currencies. The...

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 tran...

Select two statements that are correct for the secondary tracking segment. (Choose two.)

Identify four consolidation tools. (Choose four.)

Identify two correct statements about the consolidation feature of Oracle General Ledger. (Choose two.)

ABC Company in the United Kingdom has three subsidiaries in three different countries. It consolidates the accounts of all subsidiaries and the headquarters by using the average ba...

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

Select three statements that apply to the Global Consolidation System (GCS). (Choose three.)

Select three statuses of the consolidation workbench. (Choose three.)

Select three statements that apply to Interface Data Transformer (IDT). (Choose three.)

Flavour Inc. in the United Kingdom has a subsidiary in India known as Spices Inc. Flavour Inc. has a four-segment chart of accounts, whereas Spices Inc. has a five-segment chart of...

Identify the three actions that you can perform using the consolidation workbench. (Choose three.)

Which item cannot be queried in the Find Consolidation Process window?

Which three statements are true about the revaluation process? (Choose three.)

Which two statements correctly describe the translation process? (Choose two.)

Which two are true about elimination? (Choose two.)

All manual journal entries are defaulting to a non-current period. Which step was omitted from the accounting cycle?

Select the correct sequence of tasks required for period closing in Oracle General Ledger. 1. Verify that all journals are posted. 2. Close the period of each subledger. 3. Run the...

Your manager has asked you to create a period close process that maximizes the efficiency of your two staff members and minimizes the number of closing days. Identify two sets of s...

Which four attributes are validated during the Journal Import process? (Choose four.)

You have a new employee in the buying department. She set up a number of item numbers and chose not to flag them for invoicing. Several transactions have been completed in Order Ma...

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

Your client is in the process of closing its first year-end. The client completed the accounting cycle and found that several income statement accounts have a remaining balance. Wh...

Identify the three reports that can be processed using the State Controller window. (Choose three.)

Your client is closing its first period. The client completed the accounting cycle for each of the subsidiary books. Its staff has called you to troubleshoot its process because th...

During a pilot run of Financial Statement Generator reports, the report output displayed credit amounts as negative numbers. The customer requires the credit amounts on the reports...

You have been hired to implement Oracle General Ledger at XYZ Company. They want to have four legal entities to support operations in the US (East), the US (West), the UK, and Fran...

Choose the maximum number of secondary ledgers that can be assigned to a primary ledger.

John has created two ledgers: one primary and one secondary. The primary ledger stores transactional data and the secondary ledger stores only adjustments. The secondary ledger sha...

ABC Enterprise has operations in the US and its headquarters in the UK. They share the same chart of accounts, accounting calendar, accounting method, and ledger-processing options...

ABC Enterprise has operations in the US, France, and Italy. The US, France, and Italy operations have separate legal and statutory requirements. The tax requirements also differ fo...

XYZ Company is implementing Oracle at its headquarters in the US. It has operations in Australia, the UK, and China. The Australian and the US operations can share the same chart o...

ABC Enterprises has operations in the UK, France, the US (West), and the US (East). The US (West) has budgetary control enabled and the US (East) requires approvals for journals. A...

Select three criteria that are required to assign multiple legal entities to the same accounting setup. (Choose three.)

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...

Which journal entry type does General Ledger automatically reverse and post?

Identify three benefits of using the Journals Import: Group By Effective Date profile option. (Choose three.)

Select two components that are required to create the accounting setup by using Accounting Setup Manager. (Choose two.)

Choose three required steps while performing the accounting setup in the Accounting Setup Manager. (Choose three.)

Identify two places where you can define a legal entity. (Choose two.)

The Health Department of the United Kingdom is using the cash basis of accounting. After the recent elections, the new government has decided to implement Oracle General Ledger. Th...

XYZ Limited has hired Jack as the Oracle General Ledger implementation consultant. Select three steps that are required for creating a new accounting structure. (Choose three.)

Scott is implementing Oracle General Ledger for ABC Corporation. He needs help as he creates the accounting setup. Which two are true for the creation of the accounting setup? (Cho...

You are hired to implement Oracle General Ledger at Active Corporation. It has two offices: in the US (East) and the US (West). They have one primary ledger for their US operations...

ABC Systems is headquartered in Toronto with a branch in New Delhi. The Toronto office uses a weekly calendar, whereas the New Delhi office uses a monthly calendar. The GL journals...