Oracle Oracle Certifications 1Z0-517 Questions & Answers

• Question 191:

  Select the four activities that are NOT part of the Payables closing process. (Choose four.)

  A. confirm payment batches

  B. close the Payables period

  C. close the General Ledger period

  D. process period-end receipt accruals

  E. review the Uninvoiced Receipts Report

  F. process the remaining Inventory transactions

  Correct Answer: CDEF

• Question 192:

  Identify the table used to load procurement card transactions.

  A. AP_Card_Codes

  B. AP_Invoices_Interface

  C. AP_Invoice_Lines_Interface

  D. AP_Expense_Feed_Lines_All

  Correct Answer: D

• Question 193:

  Identify the conditions that must exist before you can apply an advance against an expense report.

  A. The prepayment type is temporary and has been fully applied.

  B. The prepayment type is temporary and has not been fully applied.

  C. The prepayment type is permanent, has been validated, and not canceled.

  D. The prepayment type is permanent and no active holds exist for the prepayment.

  Correct Answer: B

• Question 194:

  A client wants to configure Oracle AP to perform prepayments for matched invoices.

  You have been hired as the implementation consultant and have been given the assignment. To complete this assignment, choose the option that applies.

  A. Set up the prepayment terms.

  B. Enable "Allow prepayments" in the Financial Options form.

  C. Enable the Oracle Payables Enable Prepayments profile option.

  D. No additional configuration is required. Users must set up the prepayment when the invoice is created.

  E. No additional configuration is required. Users must set up the prepayment when the payment is created.

  Correct Answer: D

• Question 195:

  During the entry or update of expense reports in the Payables 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 196:

  If you use the Expense Report Export program, it converts expense reports created in these applications into Payables invoices. Identify the two applications. (Choose two.)

  A. Oracle Aria

  B. Oracle Travel

  C. Oracle Projects

  D. Oracle Payables

  E. Oracle General Ledger

  F. Oracle Internet Expenses

  Correct Answer: DF

• Question 197:

  Identify the setup options that would allow the accounts payable supervisor to default an active expense report template.

  A. System Options

  B. Financial Options

  C. Code Set Options

  D. Payables Options

  E. Expense Report Payables Options

  Correct Answer: E

• Question 198:

  Expense reports for Company A are entered in Payables using the Expense Report form. The accounting flexfield has a three-segment structure:

  Company - Cost Center - Account The employee GL account on the expense report is populated from the employee record. The company and the cost center for the expense lines are derived from the GL account. The account segment value could vary for every line on the expense report. Identify the approach you recommend to Company A for fast and accurate entry of expense reports.

  A. Enter the expense report header. Enter lines. Enter all segment values for each expense report line.

  B. Enter the expense report header. Enter lines. Override the account segment value for each line as required.

  C. Create expense report templates. Enter the account segment value for each line on the template. Leave the other segment values empty. Use the template lines when entering the expense report.

  Correct Answer: C

• Question 199:

  Company A wants to use Oracle Internet Expenses with expense report templates.

  Identify three true statements for the setup of expense report templates. (Choose three.)

  A. The tax code assigned to an expense item must be Web enabled.

  B. Each expense item must have an expense category assigned to it.

  C. The expense report template must be enabled for Internet Expenses.

  D. The GL account assigned to an expense item must have all accounting flexfield segment values entered.

  Correct Answer: ABC

• Question 200:

  Identify two advantages of using Oracle Internet Expenses. (Choose two.)

  A. It improves cycle times by routing expense reports via a workflow.

  B. Expense reports that are entered using Internet Expenses are visible in Payables.

  C. Enforcement of spending policy controls expenses, showing any policy deviations.

  D. Expense report template attributes are defined in Internet Expenses to manage expense types.

  Correct Answer: AC