1Z0-517 Dumps Oracle EBS R12.1 Payables Essentials
1Z0-517 Dumps Oracle EBS R12.1 Payables Essentials
1Z0-517 Dumps Oracle EBS R12.1 Payables Essentials
1Z0-517 Dumps
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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.
Answer: C
2. Isa Global Inc. is based in the United States with divisions in Europe and Asia. All journal imports, recurring journals, mass allocations, and manual journal
entries have been posted for their European subsidiary. What is the next logical step in the period-close process?
Answer: C
E. grouping multiple ledgers that share the same chart of accounts and calendar
Answer: DE
4. Select three activities that must be performed to complete the setup of the key accounting flexfield. (Choose three.)
A. Create aliases.
Answer: BDE
5. Which two statements are true about the reporting currency in Oracle General Ledger? (Choose two.)
D. Reporting currencies cannot have the same chart of accounts, accounting method, and ledger processing options.
Answer: AB
B. allocating the total monthly costs of the Information Services department to other departments
C. estimating a sales commission accrual based on the total of all product sales for each division
D. formulating a budget for employee benefits in each company based on the total of all budgeted employee salaries
Answer: BCD
7. The companys two senior executives have different budget figures. They want Peter, the GL accountant, to prepare two current budgets in Oracle Financials
and submit budgets to both of them. What would be your response?
B. Whether you can have multiple current budgets depends on the budget organization.
C. The Require Budget Journal profile option must be set at the budget level if you want to have multiple current budgets.
D. The Require Budget Journal profile option must be set at the set of books level if you want to have multiple current budgets.
E. The Oracle General Ledger budget functionality supports multiple current budgets, so there is no problem in satisfying this requirement.
Answer: A
8. Identify the four setup options that control supplier defaults. (Choose four.)
A. financial options
B. payables options
C. receiving options
D. purchasing options
Answer: ABDE
9. Identify three ways that an invoice can be submitted for validation. (Choose three.)
B. online by clicking the Validate and Account button in the Invoice Batches window
C. in batch by submitting the Payables Invoice Validation program from the Invoice Workbench
D. in batch by submitting the Payables Invoice Validation program from the Submit Request window
E. online by selecting either the Validate check box or the Validate Related Invoices check box in the Invoice Actions window
Answer: ADE
10. You are working on an implementation for Accounts Payable for ABC Inc. Your client has three requirements:
2. Each payment batch must be under $100,000 USD, or the batch automatically gets canceled without user intervention.
3. Each single payment for a supplier site must be between $10 USD and $10,000 USD, or the payment is automatically not issued.
a) Set up suppliers with pay groups for each type, and use them when running the payment batch.
b) Set up the payment batch with Maximum Outlay equal to $100,000 USD.
c) Set up the payment batch with Maximum/Minimum payments as $10 USD and $10,000 USD.
A. 2 and 3
B. 1, 2 and 3
C. 1 and 2
D. 1 and 3
Answer: D
11. Payables lists four seeded payment methods. They are check, outsourced check, electronic, and wire. Choose the correct description for wire.
C. a funds transfer initiated by contacting the bank and requesting wire payment to the bank of a supplier
D. transmission of payment information to an external party, such as your bank, that prints checks on your behalf
Answer: C
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.
A. issued
B. updated
C. negotiable
D. reconciled
Answer: D
13. Which event reverses an accrual for an item set to accrue on receipt?
A. paying an invoice
Answer: D
14. Identify three setup options that are defined in the Financial Options window. (Choose three.)
A. interest
B. retainage
C. miscellaneous
D. expenses clearing
Answer: BCD
15. Select two actions available in Oracle General Ledger. (Choose two.)
Answer: CE
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