You are in the Tax Lines Summary window and you update the calculated tax amount of one of the taxable distributions. You must also adjust _____.
A. the number of invoice lines
B. the total header invoice amount
C. the amount of another distribution
D. the self assessed taxes in the Tax Details window
Select the income tax report that is NOT available in the Payables module.
A. Withholding Tax by Invoice
B. Withholding Tax by Supplier
C. Withholding Tax by Payment
D. Withholding Tax by Supplier Site
To enter manual tax lines on invoices, enable manual tax options in E-Business Tax. You can set these options at the Event Class, Configuration Owner, or Tax level.
Under the manual tax options (Event Class, Configuration Owner, or Tax level), which common capability is found?
A. Allow Tax Recovery
B. Allow Withholding Tax
C. Allow Manual Tax Only Lines
D. Allow Entry of Manual Tax Lines
E. Allow Override for Calculated Tax Lines
F. Allow Recalculation for Manual Tax Lines
To enter manual tax lines on invoices, enable manual tax options in E-Business Tax. Select three setup options for manual tax lines. (Choose three.)
A. Regime
B. Event Class
C. Regime, Tax
D. Configuration Owner
E. Tax - Controls and Defaults
F. Regime, Tax, Tax Jurisdiction
Which key process is considered as a prerequisite for Transfer Journal Entries to GL Process?
A. Invoice Register
B. Create Accounting
C. Invoice Audit Listing
D. Payables Posted Payment Register
Your client, Company A, has these requirements:
1.
Asset invoices are entered in the Payables daily, but assets are transferred to Oracle Assets only once per week.
2.
Payables journal entries have to be transferred to GL at least once per month for reporting purposes.
3.
Oracle Projects balances must be updated once every month.
4.
Payment batches must be processed daily.
On the basis of the above requirements, what would be the minimum recommended frequency of running the Transfer to GL program?
A. daily
B. weekly
C. monthly
D. once every two weeks
Identify three prerequisites for the Payables period-close process. (Choose three.)
A. resolving holds
B. reconciling bank statements
C. updating matured bills payable
D. completing all receipt processing
E. confirming or canceling all pay runs
F. making adjustments to supplier invoices interfaced to Projects
Where does the expense AP accrual account used in the Period End Accrual process default from?
A. Financial Options
B. Payables Options
C. Receiving Options
D. Purchasing Options
At your client site, under Payables Options, the Transfer to GL option has been set to Summarize by Accounting Period. The period-end close processes for AP have run and the Payables journals (purchase invoices and payments) have been created and posted in GL. Which statement is true?
A. It is not possible to drill down from GL to Payables.
B. It is possible to drill down from journals of categories purchase invoices and payments in GL to Payables.
C. Drilldown from the journals of category purchase invoices in GL is possible, but not drilldown from journals of category payments.
D. Drilldown from the journals of category payments in GL to Payables is possible, but not drilldown from journals of category purchase invoices.
Identify two implementation considerations that impact Payables during the closing process. (Choose two.)
A. Determine how often you will run the Transfer Journal Entries to GL process.
B. Determine the number of clearing accounts to use for Projects, Assets, and Cash Management.
C. Choose the detail option to transfer details to General Ledger during the Create Accounting process.
D. Review the scheduling of the Create Accounting process to ensure that this is processed before processing pay runs.
E. Review the scheduling of the Mass Additions Create process to ensure that this is processed before the Create Accounting process.
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