Oracle Oracle Certifications 1Z0-517 Questions & Answers

• Question 221:

  To transmit an electronic payment instruction manually, perform these four steps.

  1.

  In the Payments Manager, select the Payment Instruction tab.

  2.

  In the Status field of the Search region, select Formatted - Ready for Transmission and click the Go button.

  3.

  For the applicable payment instruction, click the Take Action icon. The Transmit Payment Instruction: page is displayed.

  4.

  From the Actions drop-down list, select Transmit and click the Go button. Arrange the steps in the proper sequence they would be performed.

  A. 1, 3, 2, 4

  B. 1, 2, 3, 4

  C. 1, 3, 4, 2

  D. 2, 3, 4, 1

  Correct Answer: B

• Question 222:

  Identify three statements that are true about bank account information. (Choose three.)

  A. Bank accounts are used to calculate the supplier's discount.

  B. Disbursement bank accounts cannot be used for payment.

  C. Payables, Receivables, and/or Treasury uses bank accounts.

  D. Payables uses an internal bank account to disburse funds to suppliers.

  E. Receivables uses a bank account to receive payments from customers.

  Correct Answer: CDE

• Question 223:

  Identify three statements that are true for entering bank and branch details. (Choose three.)

  A. Each bank must have at least one bank branch.

  B. The bank account number is free-formatted information.

  C. Banks and bank branches are created for Cash Management.

  D. Bank accounts cannot be shared between bank and bank branches.

  E. Each bank can have multiple branches and each branch can have multiple accounts.

  Correct Answer: ABE

• Question 224:

  Identify three statements that are true about bank and supplier payment. (Choose three.)

  A. Primary bank account can be only at the supplier site.

  B. Credit and debit memos are examples of payment documents.

  C. Supplier's payment requires a bank account with at least one payment document.

  D. Use the Banking Details page to create bank accounts for making payments to suppliers.

  E. If bank accounts for a supplier site are entered, Payables defaults the supplier's active bank accounts.

  Correct Answer: CDE

• Question 225:

  Identify three statements that are true for supplier's bank details. (Choose three.)

  A. Suppliers maintain their bank details.

  B. Bank details are required only for manual check payments.

  C. Bank accounts can be added at any time for a supplier or supplier site.

  D. Payables uses bank account information to generate an electronic payment for a supplier.

  E. Updating bank accounts for a supplier will not affect bank accounts for existing supplier sites.

  Correct Answer: CDE

• Question 226:

  Which two statements are true about defining payment documents? (Choose two.)

  A. Checks and electronic payments are examples of payment documents.

  B. Credit and debit memos and checks are examples of payment documents.

  C. You can create only one payment document for each internal bank account.

  D. You must create at least one payment document before you can use a bank account to create invoice payments.

  E. Use the Payment Documents window to define payment documents for internal, customer, and supplier bank accounts.

  Correct Answer: AD

• Question 227:

  Which three are true about internal bank accounts? (Choose three.)

  A. They are defined to disburse funds to suppliers.

  B. They are defined for receiving payment from customers.

  C. They are defined to disburse electronic payments from your customers.

  D. They are defined for receiving electronic payments made to your suppliers.

  E. Internal accounts define bank accounts for which you are the account holder.

  Correct Answer: ABE

• Question 228:

  Identify three statements that are true for electronic or wire payment. (Choose three.)

  A. A wire payment validates the supplier's bank details.

  B. More bank accounts for a supplier or supplier site can be added.

  C. Supplier banks must be assigned to the supplier for electronic payment.

  D. Payables does not require supplier bank account information for a wire payment.

  E. Electronic payment instructs the bank to make payment to a supplier bank account.

  Correct Answer: CDE

• Question 229:

  Identify three features that speed up data entry. (Choose three.)

  A. data loader

  B. scan invoices

  C. account aliases

  D. customized folders

  E. account distribution sets

  Correct Answer: CDE

• Question 230:

  Identify three features of Payment Manager. (Choose three.)

  A. updates a supplier's bank details

  B. provides calculation of the interest amount

  C. uses templates to select invoices to pay that meet the payment criteria

  D. creates payment process request templates by specifying invoice selection criteria

  E. automatically submits invoices via payment process requests to Oracle Payments for processing and payment

  Correct Answer: CDE