Oracle Oracle Certifications 1Z0-517 Questions & Answers

• Question 131:

  ABC.com wants to provide transparency in its Accounts Payable (AP) operations to its counterparts within the purchasing, Fixed Assets and General Ledger departments. Several complaints have surfaced regarding issues with IP process times and help up payments. The AP department must strictly adhere to accounting regulations about segregating job functions while trying to meet this requirement. Which task should be performed to make this possible?

  A. Give access to all AIP forms and reports

  B. Give AP inquiry-only access, only though Oracle responsibilities

  C. Implement a Web-based version of Oracle AP that allows Web viewing of AP information

  D. Create custom inquiry forms for them to view invoices and payments but not supplier information

  E. Change the profile options to allow unrestricted viewing of the AP data in PO and GL so that the staff from these other areas do not have to log in to AP

  Correct Answer: B

• Question 132:

  With which three modules does Oracle Payables have two-way integration? (Choose three.)

  A. Projects

  B. General Ledger

  C. Cash Management

  D. Oracle Purchasing

  E. Human Resources

  Correct Answer: ACD

• Question 133:

  Which two statements are true regarding the Payables Options region in the Bank Account Window? (Choose two.)

  A. You can Enter the Payables options information for supplier bank accounts

  B. The maximum Payment field controls the largest payment amount that you allow in a payment batch

  C. The maximum payment filed controls the largest currency outlay that you allow for a payment batch for this bank account

  D. The Minimum Payment field controls whether you would allow zero amount payments from this bank account

  E. If the bank account is a foreign currency or multiple currency account, realized gain and realized loss accounts would be displayed by default in the Payables options window

  Correct Answer: BE

• Question 134:

  You are working on an implementation for Accounts Payable. Many payments for small suppliers will be made outside of the system, but your client does not want to manually record them because that would be too time consuming. What would be the best solution?

  A. Create Electronic Payment batches using a check payment method for those multiple suppliers and destroy those checks

  B. Create electronic payment batches using an electronic payment method, such as Electronic Funds Transfer (EFT), for those multiple suppliers and then do not send the resulting electronic file to the bank

  C. Create electronic payment batches using a clearing payment method for those multiple suppliers, because this payment method does not generate a file

  D. Create electronic payment batches using a wire payment method for those multiple suppliers and then delete the resulting electronic file

  Correct Answer: D

• Question 135:

  Which three programs submit their own reports, without any user intervention? (Choose three.)

  A. Invoice Matching

  B. Invoice Cancellation

  C. Payment Confirmation

  D. Expense Report Import

  E. Invoice Validation

  Correct Answer: CDE

• Question 136:

  Why would you use the clearing payment method?

  A. To generate a payment document to clear a debit memo

  B. To generate a payment document to clear a credit memo

  C. To account for intercompany expenses when you disburse funds through banks

  D. To account for intercompany expenses when you do not disburse funds through banks

  Correct Answer: D

• Question 137:

  Which four lookups can be added with additional values at the time of implementation and also after implementation? (Choose four.)

  A. Free on Board (FOB)

  B. Invoice Type

  C. Bank Branch

  D. Automatic Withholding Tax (AWT) Rate Type

  E. Automatic Withholding Tax (AWT) Certificate Types

  Correct Answer: ACDE

• Question 138:

  ABC.com wants to create invoices for suppliers on the basis of purchase order (PO) receipts. Which three steps should the company take in Payables? (Choose three.)

  A. Enable Gapless numbering

  B. Enable the invoice match option

  C. Enable pay on receipt at site level

  D. Submit the pay on Receipt Auto Invoice Program

  Correct Answer: ACD

• Question 139:

  When setting up financials and Payables options, which two options can only be defined if you have Multi-Org enabled? (Choose two.)

  A. Accounting

  B. Tax Options

  C. Invoice Controls

  D. Payment Options

  Correct Answer: AB

• Question 140:

  What are the three options available for the parameter `Transfer to GL interface' when running the request `Payables Transfer to General Ledger' ? (Choose three.)

  A. In Detail

  B. Summarize by Invoice Date

  C. Summarize by Payment Date

  D. Summarize by Accounting Date

  E. Summarize by Accounting Period

  Correct Answer: ADE