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Q91. One of your clients makes this statement during an AP meeting: Prepayments can be applied to Expense Report. What is your response?
A. Yes, if you make a schedule prepayment
B. Yes, but only if you set the correct profile option to do so
C. No, because prepayments can only be applied against invoices
D. Yes, you can prepay both invoices and expense reports
E. No, because prepayments can only be applied against invoices that ser set up to handle prepayments
Q92. Self-assessed tax amounts are taxes that you are liable for, but do not appear on the invoice, such as use tax. To use self -assessed taxes, enable the Set for Self Assessment/Reverse Charge option when you define the _____ in the Party Tax Profile.
A. set allow tax recovery
B. tax registration information
C. recoverable tax information
D. set allow manual tax only lines
Q93. The GL accountant has defined the budget and wants the assistant accountants to enter and update the budget. The GL accountant wants this budget to be the default. What would be your response?
A. If the client wants to do this, the budget status must be open.
B. If the client wants to do this, the budget status must be current.
C. The Oracle General Ledger budget functionality cannot satisfy this requirement.
D. If the client wants to do this, customization of Oracle Workflow is the only option.
Q94. Which two statements are true about the reporting currency in Oracle General Ledger? (Choose two.)
A. It is an integrated extension of a ledger.
B. It replaces multiple reporting currencies.
C. Reporting currencies are the same as secondary ledgers.
D. Reporting currencies cannot have the same chart of accounts, accounting method, and ledger processing options.
Q95. Identify two advantages of using Oracle Internet Expenses. (Choose two.)
A. It improves cycle times by routing expense reports via a workflow.
B. Expense reports that are entered using Internet Expenses are visible in Payables.
C. Enforcement of spending policy controls expenses, showing any policy deviations.
D. Expense report template attributes are defined in Internet Expenses to manage expense types.
Q96. You are at a client site that has thousands of suppliers in their current legacy system that will end up in the Oracle Production system. Before conversion, you must perform a supplier cleanup on these numerous names and sites. Which three naming conventions would you use for "Best Practices" during the supplier cleanup? (Choose three.)
A. Use Last Name, First Name to identify employees as suppliers.
B. Create some supplier names in uppercase and others in mixed case.
C. Use abbreviations in the supplier name even it is not abbreviated on the invoice.
D. Remove all punctuation marks (commas, periods, and so on) from the supplier name.
E. Use the exact spelling of a supplier name as it appears on the invoice for the naming convention.
Q97. Client L has implemented Oracle Payables. They have been able to enter invoices and have them validated, but have been unable to create accounting entries. You have been asked to review the situation. Identify what could be causing this problem.
A. The base currency has not been defined.
B. Automatic offsets have been set to balancing.
C. The primary accounting method has not been defined.
D. The Payables Accounting Process was not submitted.
E. The account for gain or loss attribute has not been enabled.
Q98. 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.
Q99. As part of its closing process, XYZ Corporation reviews receipt accruals. Occasionally, Payables matches incorrectly, and therefore they find that some perpetual accruals never clear, leaving reconciliation items on their accrual reports. Which two actions can they perform to solve the problem? (Choose two.)
A. Reverse the invoice distributions and rematch if possible.
B. Run the Uninvoiced Receipts Report to identify the receipt accrual that has not cleared and create a manual journal entry in General Ledger to clear the receipt from the report.
C. Run the Matching Hold Detail Report to identify the receipt that has not cleared and use the Write-Off window to remove the item from reappearing on subsequent reports. Create a manual journal entry in General Ledger to clear the accrual.
D. Run the Accrual Rebuild Reconciliation Report to identify the receipt accrual that has not cleared and use the Write-Off window to remove the item from reappearing on subsequent reports. Create a manual journal entry in General Ledger to clear the accrual.
Q100. 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.
A. Journal Import is not submitted.
B. The Journal source is not defined.
C. The Journal category is not defined.
D. Payables is not integrated with General Ledger.