Exam Code: 1Z0-517 (Practice Exam Latest Test Questions VCE PDF)
Exam Name: Oracle EBS R12.1 Payables Essentials
Certification Provider: Oracle
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2021 Dec 1Z0-517 free practice questions
Q191. Identify two events that take place when an invoice is matched to a purchase order. (Choose two.)
A. Tolerances are enforced.
B. The quantity billed is updated.
C. The quantity received is updated.
D. The purchase order accounting information is copied to the invoice.
Q192. R12 uses simplified navigation paths. To which specific button or navigational notation does (ST) refer?
Q193. Identify the two methods that are NOT used to enter invoice distributions. (Choose two.)
A. using a distribution set
B. creating through allocations
C. matching the invoice to a shipment
D. using the Distributions Open Interface
E. manually entering in the distributions window
Q194. 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 shown:
1. Enter the supplier.
2. Enter the invoice.
3. Create the pay run.
4. Create payment accounting entries.
5. Validate the invoice.
6. Create invoice accounting entries.
7. Transfer the information to General Ledger.
What would be the result?
A. The invoice is not paid and no entries are created in General Ledger.
B. The invoice is paid and all accounting entries are created in General Ledger.
C. The invoice is not paid but the invoice accounting entry is created in General Ledger.
D. The invoice is paid but only the invoice accounting entry is created in General Ledger.
Q195. 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 and automated adjustments. The New Delhi office does not need a complete ledger to perform management or statutory reporting. Which four statements are true in the given scenario? (Choose four.)
A. The Mumbai ledger is an adjustment-only secondary ledger.
B. Perform all adjustments in the Mumbai ledger.
C. Perform all day-to-day transactions in the New Delhi ledger.
D. Use ledger sets to combine transaction data and adjustment data.
E. Perform all day-to day-transactions and adjustments in the New Delhi ledger.
F. Consolidate data in the Mumbai ledger with the New Delhi ledger while reporting.
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Q196. 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 response?
A. Whether you can do this depends on the formula.
B. You can customize the workflow and then do this.
C. Whether you can do this depends on the responsibility.
D. You can do this only if Allow Dynamic Insert is enabled.
E. You can do this only if there is a summary account associated with the parent.
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 for payment?
A. 2 Only
B. 1 Only
C. 1 and 2
D. 1 and 3
E. 1,2 and 3
Q198. Identify two advantages of using Oracle Internet Expenses. (Choose two.)
A. It improves cycle times by routing expense reports via a workflow.
B. Expense reports that are entered using Internet Expenses are visible in Payables.
C. Enforcement of spending policy controls expenses, showing any policy deviations.
D. Expense report template attributes are defined in Internet Expenses to manage expense types.
Q199. Oracle Payments is the central payment engine for Oracle E-Business Suite Release 12. Identify three modules that integrate with Oracle Payments. (Choose three.)
D. Cash Management
E. Order Management
Q200. Which three statements properly describe the use of distribution sets? (Choose three.)
A. You can assign a distribution set to an invoice when you enter it
B. You can use full distribution sets to create distributions with no set percentage amounts
C. You can use skeletal distribution sets to create distributions with set distributions amount
D. You can use a distribution set to automatically enter distribution for an invoice when you are not matching it to a purchase order
E. You can assign a default distribution set to a supplier site so Payables would use it for every invoice you enter for that supplier site