1Z0-517 Exam Questions

ABC.com's, European operations accrue all the expenses items on receipt (perpetual accrual) without any exceptions. Which statement is true about the period close for payables and...

ABC.com has these due dates for its invoices: ABC.com has defined additional Pay through Days as 5. It is running a payment batch on 02-APR- 06. Which invoices would be selected fo...

What are the three options available for the parameter `Transfer to GL interface' when running the request `Payables Transfer to General Ledger' ? (Choose three.)

When setting up financials and Payables options, which two options can only be defined if you have Multi-Org enabled? (Choose two.)

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.)

Which four lookups can be added with additional values at the time of implementation and also after implementation? (Choose four.)

Which three programs submit their own reports, without any user intervention? (Choose three.)

Why would you use the clearing payment method?

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

Which two statements are true regarding the Payables Options region in the Bank Account Window? (Choose two.)

With which three modules does Oracle Payables have two-way integration? (Choose three.)

The period-close processes of which Oracle Applications can be directly affected by the Payables period-close activities and processes? (Choose all that apply)

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

Which three statements properly describe the use of distribution sets? (Choose three.)

Which three reports can be used for identifying duplicate suppliers? (Choose three.)

Which type of transaction uses the expenses clearing account defined in Financial Options?

At the ABC.com site, Cash Management is installed along with Oracle Payables. The payables option for payment accounting is set to account for a payment both on issue and clearing....

When you use invoice Approval workflow, which setup options in the Payables options form are related to invoices? (Choose three.)

ABC.com uses Oracle Purchasing and Payables only. The company would like to know the Financial Options that it should set up it to provide defaults. Which three options would you r...

Which three statements are true regarding the setting up of a bank? (Choose three.)

Which two statements regarding receipt accruals are true? (Choose two.)

You are working on a multi organization accounts payable implementation withseveral payable entities. You client will not set up supplier bank accounts and will use payment batch,...

The bank account in the Payment Batches and Payments window defaults from _____________.

To process a payment you must complete __________.

Which three statements are true regarding voucher numbers and document sequences? (Choose three.)

Which three events would cause accounting to be generated when the payables accounting process is run? (Choose three.)

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

The transaction Sweep Report generated as part of the payables close process shows some payments. What are the possible reasons? (Choose all that apply.)

ABC.com wants to provide transparency in its Accounts Payable (AP) operations to its counterparts within the purchasing, Fixed Assets and General Ledger departments. Several compla...

The purpose of the Unrealized Gain / Loss Report is to review unrealized gains and losses on _____________.

ABC.com has closed its APR-XX Accounting period. The APR-XX period started on 27-MAR-20- 20XX and ended on 26-APR-20XX. It has run the posted invoice register, the posted payments...

ABC.com has the following requirements: 1.Asset invoices are entered in AP daily, but assets are transferred to Oracle Assets only once a week 2.Payables Journal entries have to be...

Which two methods would you recommend for preventing the creation of duplicate suppliers? (Choose two.)

Multiple Reporting Currencies (MRC) has been enabled for your client Company A. Which method would you recommended to your client for transferring accounting entries to GL using th...

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 an...

One of your clients makes this statement during an AP meeting: Prepayments can be applied to Expense Report. What is your response?

In the accrual process for Period End Accruals, which two events generate accounting entries that can be transferred to General Ledger? (Choose two.)

Which three methods can be used to enter invoice distributions? (Choose three.)

What is a benefit of the secondary tracking segment?

Isa Global Inc. is based in the United States with divisions in Europe and Asia. All journal imports, recurring journals, mass allocations, and manual journal entries have been pos...

Select two actions that ledger sets permit. (Choose two.)

Select three activities that must be performed to complete the setup of the key accounting flexfield. (Choose three.)

Which two statements are true about the reporting currency in Oracle General Ledger? (Choose two.)

Which three activities would use summary accounts? (Choose three.)

The companys two senior executives have different budget figures. They want Peter, the GL accountant, to prepare two current budgets in Oracle Financials and submit budgets to both...

Identify the four setup options that control supplier defaults. (Choose four.)

Identify three ways that an invoice can be submitted for validation. (Choose three.)

You are working on an implementation for Accounts Payable for ABC Inc. Your client has three requirements: 1. They want to be able to pay only certain types of suppliers by batch....

Payables lists four seeded payment methods. They are check, outsourced check, electronic, and wire. Choose the correct description for wire.

With Oracle Cash Management, you can reconcile payments created in Payables to your bank statements. When you reconcile payments using Oracle Cash Management, Cash Management updat...