Testking offers free demo for 1Z0-517 exam. "Oracle EBS R12.1 Payables Essentials", also known as 1Z0-517 exam, is a Oracle Certification. This set of posts, Passing the Oracle 1Z0-517 exam, will help you answer those questions. The 1Z0-517 Questions & Answers covers all the knowledge points of the real exam. 100% real Oracle 1Z0-517 exams and revised by experts!
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Q131. Choose the process that can be performed after a pay run has been formatted.
A. Change an invoice amount.
B. Prevent payment to a supplier.
C. Print checks from the output file.
D. Prevent payment of a particular invoice.
E. Add an invoice that Payables did not originally select.
Q132. Which statement is true about paying invoices?
A. An invoice can be paid without being validated.
B. An invoice can be paid only after the invoice accounting entries are created.
C. An invoice must be validated before you can create invoice accounting entries.
D. Invoice accounting entries and payment accounting entries can be transferred at different times to General Ledger only if they are in different calendar periods.
E. Both invoice accounting entries and payment accounting entries must be transferred to General Ledger at the same time if they are in the same calendar period.
Q133. Identify three statements that are correct for the multi-currency functionality of Oracle General Ledger. (Choose three.)
A. Enter transactions and reports in any currency.
B. Enter exchange rates online and automatically.
C. Translate only actual but not budgeted balances.
D. Translate only budgeted but not actual balances.
E. Use daily, period end, average, and historical rates.
Q134. The fiscal year of XYZ Inc. is the calendar year. Before closing the Mar-05 period, a GL user notices that an entry related to the Dec-04 period has not been entered. Dec-04 has a closed status. Now that the user has all the approvals, he or she wants to know how to enter and post the journal in GL, ensuring that all balances are reflected correctly.
What must the user do?
A. Open Dec-04; enter and post the journal; close the period.
B. Open Dec-04, Jan-05, and Feb-05; enter and post the journal; close all periods.
C. Open Dec-04; enter and post the journal; run the Trial Balance report; close the period.
D. The user cannot post to a prior period that is not in the current fiscal year. So, enter and post it in Mar-05.
Q135. Before you can pay or create accounting entries for an invoice, the Invoice Validation process must validate the invoice. After this process is run, there is data that cannot be updated, modified, or changed. Choose three data fields that cannot be updated, modified, or changed after the Invoice Validation process has run and this invoice has a prepayment applied to it. (Choose three.)
A. invoice date
B. supplier site
C. trading partner
D. supplier number
E. invoice description
Q136. What are three prerequisites for interfacing payables invoice lines with Assets? (Choose three.)
A. There are no holds placed on the invoice
B. The invoice must be posted to General Ledger
C. The option ‘Track as Asset’ is selected in the Distributions from when entering an invoice
D. The invoice has been transferred to General Ledger
E. Distribution Account is Asset Clearing or CIP Account
Q137. Select two actions that ledger sets permit. (Choose two.)
A. performing variance inquiries
B. being used for mass budgets
C. sending budget balance inquiries
D. viewing account balances for multiple ledgers in one view
E. grouping multiple ledgers that share the same chart of accounts and calendar
Q138. Identify three types of entities that can be defined and related to one another in Oracle Applications. (Choose three.)
C. legal entities
E. business groups
Q139. Which three are the benefits of the Currency Rates Manager in Oracle General Ledger? (Choose three.)
A. You can maintain daily rates and historical rates more easily.
B. You get improved efficiency with the help of the spreadsheet interface.
C. You can maintain consistency among different currency conversion rates.
D. Additional security ensures that historical rates can be uploaded to closed or future periods only.
E. You can maximize intercompany imbalances during intercompany eliminations of foreign currency transactions that are due to exchange rate differences.
Q140. Creating multiple scheduled payments allows you to issue partial payment of an invoice or to pay an invoice over multiple dates. Identify the one invoice field that is NOT used on the Scheduled Payments tabbed page.
A. due date
B. bank account
C. gross amount
D. trading partner
E. payment method
F. system hold reason