1Z0-517 Exam Questions

ABC Corporation is headquartered in New Delhi with an office in Mumbai. They share the same chart of accounts, calendar, and currency. The Mumbai ledger contains manual adjustments...

In the context of adding, deleting, and disabling secondary ledgers, select two valid statements. (Choose two.)

Michael is responsible for the accounting setup. Here is the list of accounts for the accounting setup structure mapped to their requirement. 1. suspense account - suspense posting...

To achieve the maximum summary account functionality for total (T), how must the value sets for each segment of the accounting key flexfield be set?

What is the effect of summary accounts on the efficiency of the posting process?

Select two reasons to use reporting hierarchies instead of summary accounts. (Choose two.)

You need to verify that your system has enough resources to handle the volume of accounts that would be generated by the summary account template. The template has been designed as...

You have the following information: The Accounting flexfield structure is "company, department, product, account." Product has two rollup groups: domestic and international. Depart...

A manager wants to review the cash balance by company. He has asked you to create the summary account template. The company's accounting flexfield has four segments: company (5 val...

When summary account templates are associated with the check-level advisory of budgetary control funds, what two actions must you perform? (Choose two.)

A manager wants to review the cash balance by company. He has asked you to create the summary account template. The company's accounting flexfield has four segments: Company (5 val...

How do you know funds are available in the budgetary control summary account template?

When structuring the summary accounts hierarchy, what fact must you take into consideration?

Which statement is correct about the differences between the functionalities of parent accounts and summary accounts?

What are the five steps for creating MassAllocation journal entries? (Choose five.)

Mark, the GL accountant, asks you whether he can use the constant (C) segment type with the parent segment values while defining the MassAllocation formula. What would be your resp...

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?

The client's GL accountant comes to you with a problem. A journal cannot be posted because it has not been approved. The preparer cannot submit the journal for approval because the...

During the testing phase of your implementation, you find that you are unable to delete a journal batch, though it is not yet posted. You ask the technical consultant for help and...

You are implementing Oracle E-Business Suite Release 12 General Ledger for ABC Corporation. Identify two setups required for journal approval. (Choose two.)

Jack is hired as an Oracle General Ledger implementation consultant for XYZ Corporation. Select two options that are necessary to enable journal approval. (Choose two.)

Which two are the mandatory flexfield qualifiers in Oracle General Ledger? (Choose two.)

Scott, a consultant with a leading consulting firm, is implementing Oracle General Ledger at a client site and is setting up FSG reports to be used by different users. One of the c...

The management segment qualifier must be attached to which key flexfield segment?

The GL accountant tells you that he is running the tests to check the budget functionality. He says that the GL period was closed, but he was able to post the budget journal in a c...

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 le...

The GL accountant has defined the budget and wants the assistant accountants to enter and update the budget. The GL accountant wants this budget to be the default. What would be yo...

Peter, the GL accountant, tells you that he has defined the budget and that the budget amounts have been entered and approved by management. After approval, he wants his assistant...

Jane, the GL accountant, asks you whether she could delete the budget after it has been defined. She also wants to know whether she could delete the budget organization after it ha...

Jack, the CFO of ABC Company, wants to prepare the annual capital expenditure budget for the current year where the company plans to grow in the last quarter of the year. The capit...

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...

Suppliers play an important part in the Procure-to-Pay process. Select three activities that you must perform using a supplier. (Choose three.)

Purchasing has numerous activities that are performed as a key part of the Procure-to-Pay process. Select three activities that are performed in the Purchasing module that will int...

Subledger Accounting is a rule-based accounting engine that centralizes accounting for Oracle E- Business Suite Release 12 products. Select the Oracle application that is NOT a Sub...

Oracle Payments is the central payment engine for Oracle E-Business Suite Release 12. Identify three modules that integrate with Oracle Payments. (Choose three.)

There are five major business functions that occur sequentially during the natural flow of the Payables processes. Consider this list of five steps: 1. Invoice Payment 2. Invoice V...

There are many fields with important data displayed on the main page of the Payables Overview window. Which three fields do NOT appear in the Payables Overview main window? (Choose...

What are the three prerequisites for interfacing Payables invoice lines with Assets? (Choose three.)

Identify two events that take place when an invoice is matched to a purchase order. (Choose two.)

Identify the two invoice types processed by the Payables Open Interface process. (Choose two.)

Identify four interface tables that are available in Oracle Payables. (Choose four.)

There are numerous Oracle modules that are integrated into or out of the Payables module. Identify four Oracle modules that are directly integrated with Oracle Payables. (Choose fo...

Select three types of Payables open interfaces that will import data into Payables from other applications or third-party solutions. (Choose three.)

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

To set up and use Multiple Organization Access Control (MOAC) most effectively, you need to define three profile options. (Choose three.)

Select four options that can be set at the supplier site level. (Choose four.)

You are at a client site that has thousands of suppliers in their current legacy system that will end up in the Oracle Production system. Before conversion, you must perform a supp...

You are on a phased-approach implementation. Payables and Purchasing are being implemented in Phase One, and Assets in Phase Two. Identify three choices in the process for the best...

The rate variance Gain/Loss accounts specified in the Financial Options - Accounting region are used to account for _____.

Client A has three legacy systems that contain this financial information: purchase orders, suppliers, receipts, invoices, accruals, and expense reports. The client must have much...