1Z0-517 Exam Questions

Which statement is FALSE about the Stop Payments Report?

Company A has implemented Oracle Payables and Oracle General Ledger. It has a third-party (non-Oracle) application that it uses to enter employee expense reports. The company wants...

Identify two advantages of using Oracle Internet Expenses. (Choose two.)

Company A wants to use Oracle Internet Expenses with expense report templates. Identify three true statements for the setup of expense report templates. (Choose three.)

Expense reports for Company A are entered in Payables using the Expense Report form. The accounting flexfield has a three-segment structure: Company - Cost Center - Account The emp...

Identify the setup options that would allow the accounts payable supervisor to default an active expense report template.

If you use the Expense Report Export program, it converts expense reports created in these applications into Payables invoices. Identify the two applications. (Choose two.)

During the entry or update of expense reports in the Payables Expense Report window, holds can be applied on an expense report. These holds are carried forward to the invoice creat...

A client wants to configure Oracle AP to perform prepayments for matched invoices. You have been hired as the implementation consultant and have been given the assignment. To compl...

Identify the conditions that must exist before you can apply an advance against an expense report.

Identify the table used to load procurement card transactions.

Select the four activities that are NOT part of the Payables closing process. (Choose four.)

Identify two exceptions that prevent you from closing the period in Payables. (Choose two.)

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

XYZ Corporation uses Fixed Assets to manage their Asset transactions such as capitalizing, depreciating, adjusting, and retiring. After assets are purchased and the invoice is ente...

ABC Corporation has closed their APR-XX accounting period. The APR-XX period started on 27- MAR-20XX and ended on 26-APR-20XX. To ensure that all accounting from APR-XX has been se...

As part of its closing process, XYZ Corporation reviews receipt accruals. Occasionally, Payables matches incorrectly, and therefore they find that some perpetual accruals never cle...

At your client site, the Payables period-close processes have been performed. The Payables transfer to GL has been completed, and the resulting journal entries have been posted to...

In the accrual process for perpetual accruals, which two events generate accounting entries that can be transferred to GL? (Choose two.)

In the accrual process for period-end accruals, which two events generate accounting entries that can be transferred to General Ledger? (Choose two.)

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

Identify three key accounts to be considered during the implementation of Payables that impacts the reconciliation of the accounts payable liability accounts. (Choose three.)

Identify two implementation considerations that impact Payables during the closing process. (Choose two.)

At your client site, under Payables Options, the Transfer to GL option has been set to Summarize by Accounting Period. The period-end close processes for AP have run and the Payabl...

Where does the expense AP accrual account used in the Period End Accrual process default from?

Identify three prerequisites for the Payables period-close process. (Choose three.)

Your client, Company A, has these requirements: 1. Asset invoices are entered in the Payables daily, but assets are transferred to Oracle Assets only once per week. 2. Payables jou...

Which key process is considered as a prerequisite for Transfer Journal Entries to GL Process?

To enter manual tax lines on invoices, enable manual tax options in E-Business Tax. Select three setup options for manual tax lines. (Choose three.)

To enter manual tax lines on invoices, enable manual tax options in E-Business Tax. You can set these options at the Event Class, Configuration Owner, or Tax level. Under the manua...

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 _____.

Select the income tax report that is NOT available in the Payables module.

Select the Apply Withholding Tax Payables option that must be set to submit the Withholding Tax by Invoice Report.

Tax Content Services store and maintain the master and reference data that are needed to support the other components in E-Business Tax. You use the E-Business Tax application to m...

Identify three E-Business Tax setup options. (Choose three.)

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

Identify three statements that are true for E-Business Tax. (Choose three.)

Payables leverages E-Business Tax to set up, calculate, and manage transaction taxes, such as Sales, VAT and Offset taxes. Which two taxes are NOT calculated and managed by Payable...

When you validate an invoice in Payables, E-Business Tax automatically performs four tasks. (Choose four.)

To manually enter tax details for an item, freight, miscellaneous, or prepayment lines, you must complete seven fields. Name three. (Choose three.)

To set up Offset Tax under the Tax Configuration tab, which Tax Configuration tab must you select to locate and enable "Set as Offset Tax"?

E-Business Tax calculates the amount of tax that is recoverable on the basis of the tax setup. To implement accrual-based accounting recoverable tax, four setups are needed. (Choos...

Self-assessed tax amounts are taxes that you are liable for, but do not appear on the invoice, such as use tax. To use self -assessed taxes, enable the Set for Self Assessment/Reve...

Identify three statements that are true about the withholding tax process. (Choose three.)

Identify three statements that are true for setting up withholding tax for a supplier and supplier site. (Choose three.)

Assume that the withholding tax is calculated at the invoice payment time and the withholding tax rate is 20%. Identify three statements with the correct withholding tax calculatio...

Identify three statements that are true for creating the withholding tax for standard, recurring, and prepayment invoices. (Choose three.)

Identify three statements that are true for the automatic withholding tax process. (Choose three.)

Identify three statements that are true about processing automatic withholding tax invoices and payments. (Choose three.)

Which types of invoices can be automatically generated (without any manual intervention), if the appropriate setup steps have been performed? (Choose three.)