1Z0-517 Exam Questions

Which event reverses an accrual for an item set to accrue on receipt?

XYZ Corp. must complete the subledger account process and perform other period-end closing activities. Payables must validate and account for the remaining invoices that have syste...

Your company accrues expense items at period end. Identify the report that must be generated before you run your receipts' accrual period-end process.

Identify the report that is used to reconcile the Accounts Payable liability balance at period end.

Identify the four reports you must run when reconciling invoices and payments to the Accounts Payable Trial Balance Report. (Choose four.)

Identify three Oracle E-Business Suite Release 12 applications that both integrate with Payables and provide Payables-related accounting information to Oracle Subledger Accounting....

Identify three processes that you must run before closing your Payables period. (Choose three.)

Identify the statement that reflects the functionality of the Create Accounting Process.

Identify three functions that the Create Accounting program provides. (Choose three.)

When reviewing the Accounts Payable Trial Balance Report for a period, a user notices that the remaining balance for an invoice is negative. What is the reason?

Which three reports can be used to reconcile Payables activities to General Ledger? (Choose three.)

ABC Company wants to compare consolidated actuals against consolidated budgeted amounts. Identify the two steps that must be performed to provide ABC Company with this information....

Identify what three considerations must be executed before creating a report by using the financial statement generator. (Choose three.)

Which two actions would you perform by using the column set builder function? (Choose two.)

Select two steps that are NOT elements of creating a Financial Statement Generator (FSG) report in Oracle General Ledger (Choose two.)

Treeline Company is getting ready to complete its month-end process. It needs to create a profit- and-loss statement and wants to use the Financial Statement Generator feature to c...

In the course of implementing Oracle General Ledger, you and your customer have created a number of Financial Statement Generator reports in a test environment. These reports have...

XYZ Corporation has five segments in its accounting flexfield. For a special profit-and-loss report, they want to sort by the fourth segment, which is "product." Select the element...

Identify two true statements about using column sets in an FSG report. (Choose two.)

Which report would provide information about the processing type (parallel or sequential) that may be defined for reports?

The accounting setup process in Oracle General Ledger consists of three main steps. (Choose three.)

Select two statements that are true about ledgers in Oracle General Ledger. (Choose two.)

You are implementing Oracle General Ledger at ABC Enterprises. ABC Enterprises is a legal entity and must perform corporate and statutory reporting. It operates in a country that r...

Select two valid statements that apply to chart of accounts structures for a global company. (Choose two.)

You have been asked to demonstrate the basic functionality of Oracle General Ledger with a ledger that reflects XYZ Company's business. Select four data elements that you would nee...

ABC Inc. wants to have 16 accounting periods that include an adjusting period for each quarter in its 4-5-4 accounting calendar. Its fiscal year-end is March 31.The normal month-en...

Your client wants to report with Financial Statements Generator (FSG) and perform account inquiry at the summary (business unit) level of the cost center segment. A business unit i...

XYZ Company is implementing Oracle General Ledger. They want to record and report on expenses by cost center. Identify three segments that must be defined for XYZ Company's account...

Identify three ways in which subledgers transfer information to General Ledger. (Choose three.)

ABC Corp. runs the Create Journals program, after which the Create Journal Entries Execution report is automatically created. Identify three components on which the Create Journal...

You set the GL: Journal Review Required profile option to "Yes." Identify the result.

For each subledger, there must be one _____.

Company A wants to distribute the rent expense to its various departments on the basis of floor space. It has taken these steps: 1) capturing the floor space that is used by each d...

A reversing journal entry can be posted into _____.

The GL user entered a taxable journal and posted it. Later, the user realized that the tax code entered was wrong. What must the user do?

The fiscal year of XYZ Inc. is the calendar year. Before closing the Mar-05 period, a GL user notices that an entry related to the Dec-04 period has not been entered. Dec-04 has a...

Which module of Oracle E-Business Suite Release 12 sends revaluation and accrual entries to General Ledger?

Identify the different types of data that can be processed using the GL Interface. (Choose three.)

Choose the reason why Tina is unable to view the subledger entries from Oracle Payables in the Oracle General Ledger module. She has run the transfer program that completes success...

ABC Corporation has five companies, which operate in different industries. Each company has a different ledger-processing option that is industry specific. Choose the number of pri...

Choose three tables that will be populated when the Journal Import process is run with the option to post set as "Yes." (Choose three.)

Select three levels where additional reporting currency representations can be maintained. (Choose three.)

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

Identify three statements that are correct for the multi-currency functionality of Oracle General Ledger. (Choose three.)

Which three are the benefits of the Currency Rates Manager in Oracle General Ledger? (Choose three.)

Identify three options available to manage cash requirements. (Choose three.)

Identify three features that speed up data entry. (Choose three.)

Identify three features of Payment Manager. (Choose three.)

Identify three statements that are true for electronic or wire payment. (Choose three.)

Which three are true about internal bank accounts? (Choose three.)