Oracle Oracle Certifications 1Z0-517 Questions & Answers

• Question 231:

  Identify three options available to manage cash requirements. (Choose three.)

  A. Include Only Due.

  B. Change Pay Groups.

  C. Select Payment Terms.

  D. Select additional Pay Through Days.

  E. Narrow the selection of invoices in pay run.

  Correct Answer: ADE

• Question 232:

  Identify three statements that describe Payment Terms. (Choose three.)

  A. default from the supplier site

  B. cannot be specified in import tables

  C. can be used for electronic payments

  D. can be used to schedule payments for an invoice

  E. automatically calculate due dates, discount dates, and discount amounts for each invoice

  Correct Answer: ADE

• Question 233:

  Identify the default value for the term date that would extend the time to pay an invoice, if the payment term is net 30 days.

  A. invoice date

  B. system date

  C. invoice entered date

  D. goods received date

  E. invoice received date

  Correct Answer: B

• Question 234:

  Identify three Payables system setup options. (Choose three.)

  A. bill-to location

  B. always take discount

  C. allow void and reissue

  D. create interest invoice

  E. application accounting definitions

  Correct Answer: BCD

• Question 235:

  You are working on an implementation for Accounts Payable. Many payments for small suppliers will be made outside the system, but your client does not want to manually record them because that would be time consuming. Choose the best solution.

  A. Create electronic payment batches by using a check payment method for those multiple suppliers, and destroy those checks.

  B. Create electronic payment batches by using a wire payment method for those multiple suppliers, and then delete the resulting electronic file.

  C. Create electronic payment batches by using a clearing payment method for those multiple suppliers because this payment method does not generate a file.

  D. Create electronic payment batches by using an electronic payment method such as EFT for those multiple suppliers, and then do not send the resulting electronic file to the bank.

  Correct Answer: B

• Question 236:

  Which is the final step in processing a payment batch?

  A. Cancel the payment batch.

  B. Confirm the payment batch.

  C. Validate the payment batch.

  D. Run the create accounting process.

  E. Transfer the batch to General Ledger.

  Correct Answer: B

• Question 237:

  Which statement is true about paying invoices?

  A. An invoice can be paid without being validated.

  B. An invoice can be paid only after the invoice accounting entries are created.

  C. An invoice must be validated before you can create invoice accounting entries.

  D. Invoice accounting entries and payment accounting entries can be transferred at different times to General Ledger only if they are in different calendar periods.

  E. Both invoice accounting entries and payment accounting entries must be transferred to General Ledger at the same time if they are in the same calendar period.

  Correct Answer: C

• Question 238:

  ABC Corporation wants to convert from their existing legacy application to Oracle E-Business Suite Release 12. Identify three statements that are true for invoice conversion. (Choose three.)

  A. Merge all paid invoices for a supplier.

  B. Invoices related to employee expense cannot be converted.

  C. Establish a cutoff date after which invoices will be entered in Payables.

  D. Use Payables Open Interface to convert unpaid invoices and credit memos.

  E. Develop metrics that will be used to determine whether data conversion was successful.

  Correct Answer: CDE

• Question 239:

  Company ABC has implemented Oracle Payables. They have decided not to define supplier bank accounts. They will use payment batches, quick payments, and manual payment processing. Select three payment methods that are available based on the company's requirements. (Choose three.)

  A. wire

  B. check

  C. clearing

  D. electronic funds transfer (EFT)

  E. electronic data interchange (EDI)

  F. extensible markup language (XML)

  Correct Answer: ABC

• Question 240:

  Select four tips that can be used to speed up data entry. (Choose four)

  A. Use quick invoices.

  B. Use distribution sets.

  C. Use recurring invoices.

  D. Use keyboard shortcuts.

  E. Use only invoices without holds.

  Correct Answer: ABCD