Oracle Oracle Certifications 1Z0-517 Questions & Answers

• Question 81:

  Quick Match is one way to match an invoice to a purchase order. Use Quick Match to match invoices to open, unbilled purchase order lines. Quick Match matches shipments on a first in, first out (FIFO) basis.

  Identify two ways that Quick Match is convenient to use when matching an invoice to a purchase order. (Choose two.)

  A. Invoices that have one shipment line

  B. invoices that are partially received on the purchase order

  C. multiple shipments that are received in chronological order

  D. invoices matched to a purchase order that has multiple distribution lines

  Correct Answer: AC

• Question 82:

  You have received an invoice that requires an immediate payment. The next scheduled check run is not until the end of the week. Which two methods may you use to create the payment? (Choose two.)

  A. Enter the invoice in the Invoice Workbench, and validate the invoice. Open the Payment Workbench and create a quick payment.

  B. Enter the invoice in the Invoice Workbench, and validate the invoice. Open the Payment Workbench and create a manual payment.

  C. Enter the invoice in the Invoice Workbench, validate the invoice, and select pay in full. This accesses the Payment Workbench and creates a quick payment.

  D. Enter the invoice in the Invoice Workbench, validate the invoice, and select pay in full. This accesses the Payment Workbench and creates a manual payment.

  Correct Answer: AC

• Question 83:

  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

• Question 84:

  Identify three statements that are true for setting up withholding tax for supplier and supplier site. (Choose three.)

  A. Withholding tax is an account distribution process.

  B. The withholoding tax option can be overwritten at the invoice level.

  C. If a supplier does not allow withholding tax, you cannot allow withholoding tax for any of the supplier's sites.

  D. Payables defaults the withholding tax group from the suppler site to the invoice and then to invoice distribution.

  E. The Payables setup option, allow withholding tax, can make suppliers and supplier sites subject to withholding tax.

  Correct Answer: CDE

• Question 85:

  You are creating new suppliers for XYZ Corp. Identify four regions that are entered only at the supplier level. (Choose four.)

  A. surveys

  B. tax details

  C. organization

  D. address book

  E. contact directory

  F. invoice management

  G. products and services

  Correct Answer: BCDE

• Question 86:

  Idenify three processes that you must run before closing your Payables period. (Choose three.)

  A. Expense Report Export

  B. The Create Accounting program

  C. Payabales Open Interface Import

  D. Period Close Exceptions Report

  E. The Transfer Journal Entries to GL program

  Correct Answer: BDE

• Question 87:

  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 88:

  Select the most common level of security for the MO: Security Profile.

  A. Site

  B. User

  C. Application

  D. Responsibility

  Correct Answer: D

• Question 89:

  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 90:

  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