Oracle Oracle Certifications 1Z0-517 Questions & Answers

• Question 51:

  Identify three prerequisites for processing manual payments in Payables. (Choose three.)

  A. The invoice must be validated.

  B. Create the payment inside Payables.

  C. Create the payment outside Payables.

  D. The invoice must have the same currency as the payment.

  E. The invoice must have a different currency from that of the payment.

  Correct Answer: ABD

• Question 52:

  Which three are true regarding purchase order-matched invoices? (Choose three.)

  A. You can set up controls in your system to require you to purchase order-match each invoice.

  B. You can set up controls in your system to require you to invoice-match credit/debit memos that have been matched to a purchase order.

  C. You can set an option on a purchase order shipment that controls whether invoices must match that shipment directly or through a receipt.

  D. You set tolerances to specify the range of variance you will allow if the amounts or quantities on the invoice are less than the amounts or quantities on the purchase order or receipt.

  E. You set tolerances to specify the range of variance you will allow if the amounts or quantities on the invoice are greater than the amounts or quantities on the purchase order or receipt.

  Correct Answer: ACE

• Question 53:

  Which three types of invoices can be automatically generated (without any manual intervention), if the appropriate setup steps have been performed? (Choose three.)

  A. interest invoices

  B. recurring invoices

  C. pay on receipt invoices

  D. withholding tax invoices

  E. purchase order (PO) matched invoices

  Correct Answer: ACD

• Question 54:

  In the accrual process for perpetual accruals, which two events generate accounting entries that can be transferred to GL? (Choose two.)

  A. processing a receipt

  B. entering a purchase order

  C. running the period-end accrual program

  D. entering invoices and matching them in Payables

  Correct Answer: AD

• Question 55:

  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 56:

  Use the Invoice Tolerances window to define the matching tolerances you want to allow for variances among invoice, purchase order, and receipt information. You can define both percentage-based and amount-based tolerances. The system checks for these tolerances when Invoice Validation is run.

  Select three types of purchase order-matching tolerances. (Choose three.)

  A. Price %

  B. Price Correction

  C. Shipment Amount

  D. Quantity Ordered %

  E. Minimum Quantity Received

  Correct Answer: ACE

• Question 57:

  Your company accrues expense items at period end. Identify the report that must be generated before you run your receipts' accrual period-end process.

  A. Accrual Write-Off

  B. Uninvoiced Receipts

  C. Mass Additions Create

  D. Accounts Payable Trial Balance

  Correct Answer: B

• Question 58:

  Identify three functions that the Create Accounting program provides. (Choose three.)

  A. validates and creates subledger journal entries

  B. generates the Posted Journal Report for subledger journal entries

  C. transfers final journal entries in the current batch run to General Ledger

  D. applies the application accounting definitions that are created in Accounting Builder (ABM)

  E. allows you to update final journal entries before the Transfer to General Ledger process is run

  F. generates the Subledger Accounting Program Report, which documents the results of the Create Accounting program

  Correct Answer: ACF

• Question 59:

  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

• Question 60:

  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