Oracle Oracle Certifications 1Z0-517 Questions & Answers

• Question 121:

  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 recommend? (Choose three.)

  A. Accounting

  B. Tax Options

  C. Human Resources

  D. Supplier Purchasing

  E. Encumbrance Options

  Correct Answer: ABD

• Question 122:

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

  A. Each bank can have multiple branches

  B. Each branch can have multiple accounts

  C. Each account can be associated with multiple Payables payment documents and multiple receivables payment methods

  D. Each account can be associated with only one payables payment document and receivables payment method

  E. Each account can be associated with multiple payables payment documents OR multiple Receivables payment methods but not both

  Correct Answer: ABE

• Question 123:

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

  A. For accruals generated at period end, the accrual is sent to General Ledger after the Receipt Accruals

  - Period End process is run and the accrual is cleared when the journal entry is reserved in General Ledger

  B. For accruals generated at receipt, the accrual is automatically sent to General Ledger and subsequently cleared when the journal entry is reserved in General Ledger

  C. For accruals generated at period end, the accrual is sent to General Ledger after the Receipt Accruals ?Period-End process is run and subsequently cleared when an invoice in entered and matched to the purchase order

  D. For accruals generated at receipt, the accrual is automatically sent to General Ledger and subsequently cleared when an invoice is entered and matched to the purchase order

  Correct Answer: AD

• Question 124:

  You are working on a multi organization accounts payable implementation with

  several payable entities. You client will not set up supplier bank accounts and will use payment batch, quick payments and manual payments. Which payment methods can your client use? (Choose that all apply)

  A. Clearing

  B. Check

  C. Wire

  D. Electronic

  Correct Answer: ABC

• Question 125:

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

  A. Supplier Level

  B. Bank Accounts

  C. Supplier Site Level

  D. Financial Options

  E. Payables Options ?Payments region

  Correct Answer: E

• Question 126:

  To process a payment you must complete __________.

  A. The payables accounting process

  B. Only the invoice validation process

  C. Only the create Accounting process

  D. Both the invoice Validation and Create Accounting processes

  Correct Answer: B

• Question 127:

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

  A. After you create and save a sequence, you can change it

  B. Assigning unique voucher numbers to documents is called document sequencing

  C. You can select a sequence of numbers that you would assign to a document category

  D. Document sequencing for all the documents you use in all your Oracle applications comes automatically set up with your installation

  Correct Answer: BCD

• Question 128:

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

  A. Paying an invoice

  B. Validating an invoice

  C. Entering an purchase order

  D. Clearing a payment with Cash Management

  E. Delivering goods to a final destination when accruing receipts at period end

  Correct Answer: ABD

• Question 129:

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

  A. Items

  B. Operating Unit

  C. Financial Options

  D. Payables Options

  E. Receiving Options

  Correct Answer: CDE

• Question 130:

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

  A. The payments were voided

  B. The checks associated with the payments were not printed

  C. One or more of the invoices paid by the payments were not accounts

  D. The cash account code combination of the payments has been disabled

  E. The suppliers for which the payments have been made have deactivated

  Correct Answer: CD