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Home Oracle 1z0-517

Oracle 1z0-517 Exam Practice Questions (P. 2)

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Question #11
Payables lists four seeded payment methods. They are check, outsourced check, electronic, and wire. Choose the correct description for wire.
  1. A
    a paper check to print and send to a supplier
  2. B
    an EFT, EDI, or XML to the bank of a supplier
  3. C
    a funds transfer initiated by contacting the bank and requesting wire payment to the bank of a supplier
  4. D
    transmission of payment information to an external party, such as your bank, that prints checks on your behalf

Correct Answer:
C

Question #12
With Oracle Cash Management, you can reconcile payments created in Payables to your bank statements. When you reconcile payments using Oracle Cash
Management, Cash Management updates the status of payments. Select the new status.
  1. A
    issued
  2. B
    updated
  3. C
    negotiable
  4. D
    reconciled

Correct Answer:
D

Question #13
Which event reverses an accrual for an item set to accrue on receipt?
  1. A
    paying an invoice
  2. B
    delivering goods to a final destination
  3. C
    running the Receipt Accruals - Period-end process
  4. D
    matching an invoice in Payables to a purchase order

Correct Answer:
D

Question #14
Identify three setup options that are defined in the Financial Options window. (Choose three.)
  1. A
    interest
  2. B
    retainage
  3. C
    miscellaneous
  4. D
    expenses clearing
  5. E
    expense AP accrual account

Correct Answer:
BCD

Question #15
Select two actions available in Oracle General Ledger. (Choose two.)
  1. A
    deleting posted journals
  2. B
    exporting data to subsidiary ledgers
  3. C
    importing data from subsidiary ledgers
  4. D
    consolidating balances in subsidiary ledgers
  5. E
    consolidating balances from multiple ledgers

Correct Answer:
CE

Question #16
Which module of Oracle E-Business Suite Release 12 sends revaluation and accrual entries to General Ledger?
  1. A
    Oracle Assets
  2. B
    Oracle Projects
  3. C
    Oracle Treasury
  4. D
    Oracle Receivables
  5. E
    Oracle Property Manager

Correct Answer:
C

Question #17
Identify the different types of data that can be processed using the GL Interface. (Choose three.)
  1. A
    rates
  2. B
    budget
  3. C
    vendors
  4. D
    statistical
  5. E
    intercompany
  6. F
    currency codes

Correct Answer:
BDE

Question #18
Choose the reason why Tina is unable to view the subledger entries from Oracle Payables in the Oracle General Ledger module. She has run the transfer program that completes successfully.
  1. A
    Journal Import is not submitted.
  2. B
    The Journal source is not defined.
  3. C
    The Journal category is not defined.
  4. D
    Payables is not integrated with General Ledger.

Correct Answer:
A

Question #19
ABC Corporation has five companies, which operate in different industries. Each company has a different ledger-processing option that is industry specific.
Choose the number of primary ledgers that are required to be defined.
  1. A
    five
  2. B
    four
  3. C
    two
  4. D
    one
  5. E
    three

Correct Answer:
A

Question #20
Choose three tables that will be populated when the Journal Import process is run with the option to post set as "Yes." (Choose three.)
  1. A
    GL_JE_LINES
  2. B
    GL_JE_BATCHES
  3. C
    GL_JE_HEADERS
  4. D
    GL_JE_SOURCES
  5. E
    GL_IMPORT_REFERENCES

Correct Answer:
ABC

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