Oracle Oracle Certifications 1Z0-517 Questions & Answers

• Question 241:

  Identify three statements that properly describe the use of distribution sets. (Choose three.)

  A. Assign a distribution set to an invoice when you enter it.

  B. Use full distribution sets to create distributions with no set percentage amounts.

  C. Use skeleton distribution sets to create distributions with set distribution amounts.

  D. Assign a default distribution set to a supplier site, so Payables will use it for every invoice you enter for that supplier site.

  E. Use a distribution set to enter distributions for an invoice automatically when you are not matching it to a purchase order.

  Correct Answer: ADE

• Question 242:

  Identify four purposes for which the Special Calendar is used. (Choose four.)

  A. payment terms

  B. recurring invoices

  C. Key Indicators Report

  D. automatic tax withholding

  E. opening and closing payables periods

  F. controlling the number of future periods

  Correct Answer: ABCD

• Question 243:

  Using the Payables System Setup Options form, you can enable autonumbering for _____.

  A. invoices

  B. suppliers

  C. payments

  D. employees

  E. expense reports

  Correct Answer: B

• Question 244:

  Company ABC has decided to use the invoice approval workflow to require approval on all invoices. Select two exceptions where Payables automatically sets the approval status to not required. (Choose two.)

  A. invoices imported through EDI

  B. invoices created after invoice workflow approval is enabled

  C. invoices created using the Pay on Receipt Autoinvoice program

  D. expense reports imported through the Payables Expense Report Import program

  E. recurring invoices if the approval workflow option required was not enabled on the template

  Correct Answer: DE

• Question 245:

  Identify three true statements about the invoice approval workflow. (Choose three.)

  A. If an approver rejects the invoice, the Workflow program ends.

  B. If an approver does not respond within the time you specify, Workflow routes the invoice back to the originator.

  C. If an approver does not respond within the time you specify, then Workflow requests approval from that person's manager.

  D. If an approver approves the invoice, the invoice goes to the next person in the approver list until all required people approve the invoice.

  E. If the invoice amount is changed after the invoice is already submitted to the approval process or after the process is complete, the system does not automatically resubmit the invoice for approval.

  Correct Answer: ACD

• Question 246:

  A client is implementing ACH and has a business requirement that all invoices go through an approval process flow. Identify three features of the Invoice Approval Workflow that would meet their requirement. (Choose three.)

  A. allows automatic resubmission of an invoice if rejection occurs

  B. has predefined criteria to identify which invoices require approval

  C. allows approval routing management from one central responsibility

  D. provides automatic routing of invoices upon approval to another designated approver

  E. allows for corrections to invoices to be made while still in the approval routing process

  F. provides time limits as to how long an invoice can remain unapproved before being automatically rerouted to the next approver

  Correct Answer: BDF

• Question 247:

  Select the three windows where a user can manually release an invoice hold or payment hold. (Choose three.)

  A. Holds

  B. Actions

  C. Invoice Lines

  D. All Distributions

  E. Scheduled Payments

  Correct Answer: ABE

• Question 248:

  Identify the item that requires approval through the workflow process.

  A. invoices not matched to a purchase order

  B. invoices that existed before you enabled the feature

  C. expense reports imported through the Payables Expense Report Import Program

  D. recurring invoices if the recurring invoice template did not have the Approval Workflow Required option enabled

  Correct Answer: A

• Question 249:

  You can hold the payment of an entire invoice or part of an invoice. This hold prevents a validated invoice from being selected in a Payment Batch, and paid. Identify the Payables window where you can select the Hold check box to place the invoice on a Payment Hold.

  A. Enter Payments

  B. Invoice Overview

  C. Invoice Distributions

  D. Scheduled Payments

  Correct Answer: D

• Question 250:

  Identify three invoice holds that cannot be manually released. (Choose three.)

  A. Acct Hold Reason

  B. Funds Hold Reason

  C. Invoice Hold Reason

  D. Variance Hold Reason

  E. Insufficient Information

  F. Matching Hold Reason

  G. Prepaid Amount Reason

  Correct Answer: AEG