Oracle Oracle Certifications 1Z0-517 Questions & Answers

• Question 201:

  Company A has implemented Oracle Payables and Oracle General Ledger. It has a third-party (non-Oracle) application that it uses to enter employee expense reports. The company wants to interface the expense reports created in the third-party application to Oracle Payables as invoices, and pay these invoices out of Oracle Payables. Identify the Oracle Payables interface that accomplishes this.

  A. Projects Import Interface

  B. Payables Open Interface

  C. Credit Card Import Interface

  D. Expense Report Import Interface

  Correct Answer: B

• Question 202:

  Which statement is FALSE about the Stop Payments Report?

  A. Use this report to review all current stop payments.

  B. Payables lists stop payments that were voided at a later time.

  C. Payables does not list stop payments that were voided at a later time.

  D. Payables does not list stop payments that were initiated, but then released at a later time.

  Correct Answer: B

• Question 203:

  Here is a description of a report, file, or register. Use this to review payments created for each bank account that you use during a time period you specify. The report lists each payment, as well as total payment amount and cleared amount of all payments. Identify the name of this standard report.

  A. Positive Pay File

  B. Payment Register

  C. Payment Exceptions Report

  D. Payment Process Request Status Report

  Correct Answer: B

• Question 204:

  When reconciling Payables and Cash Management, you may encounter clearing restrictions. Here are three clearing restrictions for Cash Management.

  1.

  Oracle Cash Management cannot clear bills payable that have a status of _____.

  2.

  Oracle Cash Management clears bills payable only if the payment status is _____.

  3.

  On or after the maturity date of the payment, you can update the status to _____. Identify the one status for the second clearing restriction.

  A. issued

  B. negotiable

  C. reconciled

  Correct Answer: B

• Question 205:

  Identify three options for preventing prepayments. (Choose three.)

  A. Release the scheduled payment.

  B. Apply one or more holds to the prepayment.

  C. Apply the holds as you would for any other invoice.

  D. Release the holds from a prepayment just as you would for any other invoice.

  Correct Answer: BCD

• Question 206:

  You initiated a pay run by entering criteria for invoices that you want to pay. In which order would you perform these steps to complete the pay run process?

  1.

  Review proposed payments.

  2.

  Print payments.

  3.

  Create payment instructions.

  4.

  Select and build proposed payments.

  5.

  Mark payments as complete.

  A. 4, 2, 1, 5, 3

  B. 4, 1, 3, 2, 5

  C. 2, 4, 1, 3, 5

  D. 5, 4, 1, 2, 3

  Correct Answer: B

• Question 207:

  The manual payment method is best described as the method of _____.

  A. paying multiple checks in a pay run

  B. paying a single check within Payables

  C. manually writing a check outside of Payables

  D. recording a payment made outside of Payables

  Correct Answer: D

• Question 208:

  Select four occasions when the Create Accounting process can be run. (Choose four.)

  A. after the payment process

  B. before the payment process

  C. after the Invoice Validation process

  D. before the Invoice Validation process

  E. before the transfer information to GL process

  Correct Answer: ABCE

• Question 209:

  Choose the process that can be performed after a pay run has been formatted.

  A. Change an invoice amount.

  B. Prevent payment to a supplier.

  C. Print checks from the output file.

  D. Prevent payment of a particular invoice.

  E. Add an invoice that Payables did not originally select.

  Correct Answer: C

• Question 210:

  You just received an invoice for a new supplier. You need to pay it and ensure that all accounting entries are created in General Ledger. You perform these steps, in the order shown:

  1.

  Enter the supplier.

  2.

  Enter the invoice.

  3.

  Create the pay run.

  4.

  Create payment accounting entries.

  5.

  Validate the invoice.

  6.

  Create invoice accounting entries.

  7.

  Transfer the information to General Ledger. What would be the result?

  A. The invoice is not paid and no entries are created in General Ledger.

  B. The invoice is paid and all accounting entries are created in General Ledger.

  C. The invoice is not paid but the invoice accounting entry is created in General Ledger.

  D. The invoice is paid but only the invoice accounting entry is created in General Ledger.

  Correct Answer: C