1Z0-517 by Oracle Valid Free Exam Practice Test

Question 1

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

A. recording a payment made outside of Payables B. manually writing a check outside of Payables C. creating and printing a computer-generated payment to pay a supplier for one or more invoices D. creating a payment without an invoice

Correct Answer: C

Question 2

ABC Inc. added a new Operating Unit to its existing Multi-Org Access-enabled responsibility. When users logged in using their existing responsibility, they could not see the new Operating Unit in the list of values.
What could be the cause?

A. The Set MO: Default Operating Unit profile was not defined. B. The Set Multi-Org Preferences profile was not defined. C. The Set MO: Operating Unit profile was not defined. D. The Set MO: Security profile was not defined for the responsibility. E. Security List Maintenance was not run.

Correct Answer: E

Question 3

Shared entities are used throughout Oracle E-Business Suite Release 12. Identify the four entities that are shared. (Choose four.)

A. Oracle Application Object Library (AOL) B. Invoice Sources C. Unit of Measure D. Sales Force E. Ledger

Correct Answer: A,C,D,E

Question 4

Identify three statements that are true for supplier's bank details. (Choose three.)

A. Updating bank accounts for a supplier will not affect bank accounts for existing supplier sites. B. Bank accounts can be added at any time for a supplier or supplier site. C. Bank details are required only for manual check payments. D. Payables uses bank account information to generate an electronic payment for a supplier. E. Suppliers maintain their bank details.

Correct Answer: A,B,D

Question 5

During the cutover phase of a project to implement Oracle E-Business Suite Release 12, you are responsible for converting historical account balances into Oracle General Ledger from a legacy system. There is no Account Code Combination setup in the Production Instance.
Identify the setup in the Accounting Key Flexfield structure that is required to perform this conversion.

A. Select the "Allow Dynamic Inserts" check box in the Accounting Key Flexfield structure. B. The Key Flexfield Segments have to be enabled and displayed. C. Qualify one of the Segments as the Balancing Segment. D. Define Value Sets and assign them to Segments. E. Define Segments in the Accounting Flexfield structure.

Correct Answer: A

Question 6

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

A. Uninvoiced Receipts B. Accrual Write-Off C. Mass Additions Create D. Accounts Payable Trial Balance

Correct Answer: A

Question 7

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

A. If the invoice amount is chanaged after the invoice is already submitted to the approval process or after the process is complete, the system does not automatically resubmit the invoice for approval. B. If an approver rejects the invoice, the Workflow program ends. C. If an approver does not respond within the time you specify, Workflow routes the invoice back to the originator. D. If an approver does not respond within the time you specify, the Workflow requests approval from that person's manager. E. If an approver approves the invoice, the invoice goes to the next person in the approver list until all required people approve the invoice.

Correct Answer: B,D,E

Question 8

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

A. The prepayment type is temporary and has been fully applied. B. The prepayment type is temporary and has not been fully applied. C. The prepayment type is permanent, has been validated, and not canceled. D. The prepayment type is permanent and no active holds exist for the prepayment.

Correct Answer: B

Question 9

XYZ Corp. has operations in the U.S. and Canad
a. Within Canada, it has two separate Divisions due to Statutory requirements: one in Quebec and another in Ontario.
How would you define the organization structure for XYZ Corp. from the information given above?

A. two Ledgers, three Legal Entities, and three Operating Units B. two Ledgers, two Legal Entities, and two Operating Units C. two Ledgers, three Legal Entities, and two Operating Units D. three Ledgers, three Legal Entities, and three Operating Units E. two Ledgers, two Legal Entities, and three Operating Units

Correct Answer: A

Oracle EBS R12.1 Payables Essentials - 1Z0-517 Exam Practice Test