Oracle Oracle Certifications 1Z0-517 Questions & Answers

• Question 101:

  If you are using the multiple-organization support feature, select three items that you cannot enter at the supplier level, but only at the supplier-site level. (Choose three.)

  A. distribution set

  B. receipt routing

  C. liability account

  D. match approval level

  E. prepayment account

  Correct Answer: ACE

• Question 102:

  You are at a client site that has thousands of suppliers in their current legacy system that will end up in the Oracle Production system. Before conversion, you must perform a supplier cleanup on these numerous names and sites.

  Which three naming conventions would you use for "Best Practices" during the supplier cleanup? (Choose three.)

  A. Use Last Name, First Name to identify employees as suppliers.

  B. Create some supplier names in uppercase and others in mixed case.

  C. Use abbreviations in the supplier name even it is not abbreviated on the invoice.

  D. Remove all punctuation masrks (commas, periods, and so on) from the supplier name.

  E. Use the exact spelling of a supplier name as it appears on the invoice for the naming convention.

  Correct Answer: ADE

• Question 103:

  Identify three considerations for implementing internal controls for payment processing. (Choose three.)

  A. physical security

  B. fewer payment runs

  C. amend payment methods

  D. proper segregation of duties

  E. credentials of the payment processing staff

  Correct Answer: BDE

• Question 104:

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

  Which statement is true?

  A. Only one user-defined hold and no system hold can be applied on one expense report in the Payables Expense Report window.

  B. Any number of user-defined holds and only one system hold can be applied on one expense report in the Payables Expense Report window.

  C. Only one user-defined hold and any number of system holds can be applied on one expense report in the Payables Expense Report window.

  D. Any number of user-defined holds and any number of system holds can be applied on one expense report in the Payables Expense Report window.

  Correct Answer: A

• Question 105:

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

  A. Processing a receipt

  B. Entering Purchase Order

  C. Entering invoices and matching them in payables

  D. Running in Period End Accrual Program

  Correct Answer: CD

• Question 106:

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

  A. Using a distribution set

  B. Matching an invoice to a receipt

  C. Entering manually in the Distribution window

  D. Using the Distribution Open interface

  Correct Answer: ABC

• Question 107:

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

  A. Yes, if you make a schedule prepayment

  B. Yes, but only if you set the correct profile option to do so

  C. No, because prepayments can only be applied against invoices

  D. Yes, you can prepay both invoices and expense reports

  E. No, because prepayments can only be applied against invoices that ser set up to handle prepayments

  Correct Answer: D

• Question 108:

  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 and the payables journals (Purchase invoices and payments) have been created and posted in General Ledger. Which statement is true?

  A. Drilling down from the journals of purchase invoices and payments categories in GL to payables is possible

  B. Drilling down from the journals of the payment category in GL to payables is possible, but drilling down from journals of the purchase invoices category in GL to payables is not possible

  C. Drilling down from the journals of the purchase invoices category in GL is possible but drilling down from journals of the payments category in GL to payables is not possible

  D. Drilling down from GL to payables is not possible

  Correct Answer: A

• Question 109:

  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 the payables transfer to GL process?

  A. Transfer to GL with journal import for the primary set of Books. Repeat the process for each Reporting set of books individually

  B. Transfer to GL with Journal import for the primary set of books and all associated Reporting sets of books together

  C. Transfer to GL without journal import for the primary set of books. Submit journal import for the primary set of books. Repeat these steps for each reporting set of books

  D. Transfer to GL without journal import for the primary set of books and all associated reporting sets of books together. Submit Journal import from GL for the primary set of books and all associated reporting books together

  Correct Answer: B

• Question 110:

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

  A. Run the Vendor Audit Report

  B. Recommend standard naming conventions for suppliers

  C. Run the supplier listing by supplier name report to check the duplicates

  D. Query the supplier in the supplier form before creating a new supplier

  Correct Answer: BD