1Z0-517 Exam Questions

Company K has identified these business requirements for their Payables operations: 1. All invoices must be part of a batch. 2. Discounts must be taken in all situations. 3. Invoic...

ABC Corp. wants to allocate the gross amount of XYZ Co. invoices to fifty cost centers each time an invoice is received from them. The cost centers that are to be charged require m...

Company Z has implemented Payables, General Ledger, and Project Accounting. Both Transfer to GL and Interface Supplier Costs are processed each night. A descriptive flexfield calle...

Select three invoice types that can be entered ONLY in the Invoice Workbench, and CANNOT be entered via the Invoice Gateway. (Choose three.)

Identify the two methods that are NOT used to enter invoice distributions. (Choose two.)

Company XYZ has received an invoice that includes freight charges. They want to distribute the freight charges proportionately to the same accounts that were charged for the items....

ABC Corp. requires that all invoices are matched to both a purchase order and a receipt. Invoice tolerances are set to zero. A standard purchase order is entered for consulting ser...

Which two statements are true if you select the QuickMatch invoice type? (Choose two.)

Which three are true regarding purchase order-matched invoices? (Choose three.)

Client L has implemented Oracle Payables. They have been able to enter invoices and have them validated, but have been unable to create accounting entries. You have been asked to r...

Identify four functions of the Invoice Validation process. (Choose four.)

A client has a requirement for their Payables application: 1) AP must automatically create balancing accounting entries for invoice and payment transactions by using the expense GL...

Before you can pay or create accounting entries for an invoice, the Invoice Validation process must validate the invoice. After this process is run, there is data that cannot be up...

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

You can hold the payment of an entire invoice or part of an invoice. This hold prevents a validated invoice from being selected in a Payment Batch, and paid. Identify the Payables...

Select the three windows where a user can manually release an invoice hold or payment hold. (Choose three.)

Identify the item that requires approval through the workflow process.

A client is implementing ACH and has a business requirement that all invoices go through an approval process flow. Identify three features of the Invoice Approval Workflow that wou...

Identify three true statements about the invoice approval workflow. (Choose three.)

Using the Payables System Setup Options form, you can enable autonumbering for _____.

Company ABC has decided to use the invoice approval workflow to require approval on all invoices. Select two exceptions where Payables automatically sets the approval status to not...

Identify four purposes for which the Special Calendar is used. (Choose four.)

Select four tips that can be used to speed up data entry. (Choose four)

Identify three statements that properly describe the use of distribution sets. (Choose three.)

ABC Corporation wants to convert from their existing legacy application to Oracle E-Business Suite Release 12. Identify three statements that are true for invoice conversion. (Choo...

Company ABC has implemented Oracle Payables. They have decided not to define supplier bank accounts. They will use payment batches, quick payments, and manual payment processing. S...

Which statement is true about paying invoices?

Which is the final step in processing a payment batch?

You are working on an implementation for Accounts Payable. Many payments for small suppliers will be made outside the system, but your client does not want to manually record them...

Identify the default value for the term date that would extend the time to pay an invoice, if the payment term is net 30 days.

Identify three Payables system setup options. (Choose three.)

Identify three statements that describe Payment Terms. (Choose three.)

Identify four options for Quick Payments. (Choose four.)

Creating multiple scheduled payments allows you to issue partial payment of an invoice or to pay an invoice over multiple dates. Identify the one invoice field that is NOT used on...

Payment process request templates are created on the Templates tabbed page of the Payments Manager to simplify pay run processing. All statements in the list below represent steps...

R12 uses simplified navigation paths. To which specific button or navigational notation does (ST) refer?

In the Payment Process Requests, which action(s) can you perform on invoices that are selected for a pay run? 1. Review unselected invoices. 2. Change the invoice amount or the dis...

To review All of Todays selected invoices from the payment process request in the Payment Manager, perform these actions: 1. Navigate to the Payment Process Request component. 2. N...

Which four selection criteria can be used when creating a pay run? (Choose four.)

The Quick Payment method is best described as the method of _____.

You have received an invoice that requires an immediate payment. The next scheduled check run is not until the end of the week. Which two methods may you use to create the payment?...

Which three restrictions apply when you are paying invoices with a "quick" payment type? (Choose three.)

Choose the process that can be performed after a pay run has been formatted.

You just received an invoice for a new supplier. You need to pay it and ensure that all accounting entries are created in General Ledger. You perform these steps, in the order show...

Select four occasions when the Create Accounting process can be run. (Choose four.)

The manual payment method is best described as the method of _____.

You initiated a pay run by entering criteria for invoices that you want to pay. In which order would you perform these steps to complete the pay run process? 1. Review proposed pay...

Identify three options for preventing prepayments. (Choose three.)

When reconciling Payables and Cash Management, you may encounter clearing restrictions. Here are three clearing restrictions for Cash Management. 1. Oracle Cash Management cannot c...

Here is a description of a report, file, or register. Use this to review payments created for each bank account that you use during a time period you specify. The report lists each...