1Z0-517 Online Practice Questions and Answers

What is a benefit of the secondary tracking segment?

A. Additional security ensures that correct accounts are selected while entering transactions.

B. The Management segment is enabled automatically when the secondary segment is defined.

C. More details are provided to retained earnings, cumulative translation adjustments, and revaluation gains/losses accounts.

Select three criteria that are required to assign multiple legal entities to the same accounting setup. (Choose three.)

A. have similar ledger processing options

B. open and close periods simultaneously

C. have tax requirements that are specific for a legal entity

D. require autonomous document sequencing for a legal entity

E. operate in a country that allows multiple legal entities to share the same primary ledger and ledger attributes

What is the effect of summary accounts on the efficiency of the posting process?

A. Use summary accounts in the posting process to accumulate values.

B. Use summary accounts in the posting process to not accumulate values.

C. Use of summary accounts increases the efficiency of the posting process.

D. Use of summary accounts decreases the efficiency of the posting process.

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.

You are in the Tax Lines Summary window and you update the calculated tax amount of one of the taxable distributions. You must also adjust _____.

A. the number of invoice lines

B. the total header invoice amount

C. the amount of another distribution

D. the self assessed taxes in the Tax Details window

Identify three statements that are true about processing automatic withholding tax invoices and payments. (Choose three.)

A. Withholding distributions for a paid invoice can be reversed.

B. If an invoice is paid or partially paid, withholding distribution cannot be reversed.

C. Payables uses the supplier number as an invoice number for the tax authority's invoice.

D. Withholding tax distributions are automatically created during invoice validation or payment processing.

E. Payables automatically creates a withholding type distribution when a withholding tax group is entered in the Invoices window.

When you use invoice Approval workflow, which setup options in the Payables options form are related to invoices? (Choose three.)

A. Allow Force Approval

B. Use Invoice Approval Workflow

C. Require Validation Before Approval

D. Allow Document Sequencing Override

E. Build Discount Accounts when matching

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

Here are four examples of Payments. Three are temporary prepayments. Select the permanent prepayment.

A. A supplier sends you an expense report.

B. Another supplier is paid for a lease deposit for which you do not expect to be invoiced.

C. Another supplier sends you an invoice referencing a prepayment, so that the hotel catering bill may be paid.

D. Another supplier sends an invoice that references a prepayment. The supplier further reduces the amount of the invoice by the amount of the prepayment and tax.

Identify four modules that support two-way integration with Oracle Payables. (Choose four.)

A. Oracle Projects

B. Oracle Purchasing

C. Oracle Receivables

D. Oracle General Ledger

E. Oracle Cash Management

F. Oracle Human Resources