Oracle Oracle Certifications 1Z0-517 Questions & Answers

• Question 181:

  Identify the statement that reflects the functionality of the Create Accounting Process.

  A. The Create Accounting Process creates subledger accounting entries.

  B. You can use the Create Accounting Process to create subledger accounting entries and validate the invoices.

  C. The Create Accounting Process is used to create subledger accounting entries and transfer the transactions to General Ledger.

  D. The Create Accounting Process is used to create subledger accounting entries, and transfer and post the transactions to General Ledger.

  Correct Answer: A

• Question 182:

  Identify three processes that you must run before closing your Payables period. (Choose three.)

  A. Expense Report Export

  B. The Create Accounting program

  C. Payables Open Interface Import

  D. Period Close Exceptions Report

  E. The Transfer Journal Entries to GL program

  Correct Answer: BDE

• Question 183:

  Identify three Oracle E-Business Suite Release 12 applications that both integrate with Payables and provide Payables-related accounting information to Oracle Subledger Accounting. (Choose three.)

  A. Oracle Assets

  B. Oracle Leasing

  C. Oracle Inventory

  D. Oracle Receivables

  E. Oracle Procurement

  Correct Answer: ACE

• Question 184:

  Identify the four reports you must run when reconciling invoices and payments to the Accounts Payable Trial Balance Report. (Choose four.)

  A. Void Check Register

  B. Posted Invoices Report

  C. Posted Payments Report

  D. Accounts Payable Trial Balance - prior period

  E. Payables Transfer to General Ledger Reports

  F. Accounts Payable Trial Balance - current period

  G. Account Analysis - (132 Char) / Account Analysis - (180 Char).

  Correct Answer: BCDF

• Question 185:

  Identify the report that is used to reconcile the Accounts Payable liability balance at period end.

  A. Accrual Write-Off Report

  B. Uninvoiced Receipts Report

  C. Accounts Payable Trial Balance

  D. Payables Posted Invoice Register

  E. Payables Posted Payment Register

  F. Matched and Modified Receipts Report

  Correct Answer: C

• Question 186:

  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. Accrual Write-Off

  B. Uninvoiced Receipts

  C. Mass Additions Create

  D. Accounts Payable Trial Balance

  Correct Answer: B

• Question 187:

  XYZ Corp. must complete the subledger account process and perform other period-end closing activities. Payables must validate and account for the remaining invoices that have system holds. Select the period-end processing order to be followed assuming that there are no error transactions.

  A. journal import, journal posting, invoice validation, create accounting, transfer journal entries to General Ledger

  B. create accounting, invoice validation, transfer journal entries to General Ledger, journal import, journal posting

  C. invoice validation, create accounting, transfer journal entries to General Ledger, journal import, journal posting

  D. transfer journal entries to General Ledger, submit journal import, create accounting, invoice validation, journal posting

  Correct Answer: C

• Question 188:

  Select three processes that must be performed before closing the purchasing period. (Choose three.)

  A. Process period-end receipt accruals.

  B. Run the Purchasing Account Analysis Report.

  C. Process the remaining inventory transactions.

  D. Run and review the Uninvoiced Receipts Report.

  E. Run Transfer Journal Entries to the GL program from Receiving.

  Correct Answer: ADE

• Question 189:

  XYZ Corporation uses Fixed Assets to manage their Asset transactions such as capitalizing, depreciating, adjusting, and retiring. After assets are purchased and the invoice is entered and accounted for, the company runs the Mass Additions Create process to send assets to Fixed Assets. When the purchase order is written, which account must be specified on the purchase order distribution for the charge account?

  A. the material account associated with the inventory organization

  B. the AP trade liability account associated with the operating unit

  C. the asset cost account associated with an asset category in Assets

  D. the asset clearing account associated with an asset category in Assets

  Correct Answer: D

• Question 190:

  Identify two exceptions that prevent you from closing the period in Payables. (Choose two.)

  A. unpaid invoices

  B. outstanding pay runs

  C. invoices not validated

  D. unaccounted invoices

  E. unpaid expense reports

  Correct Answer: BD