1Z0-517 | Replace Oracle 1Z0-517 dumps
Q171. Which three statements are true regarding voucher numbers and document sequences? (Choose three.)
A. After you create and save a sequence, you can change it
B. Assigning unique voucher numbers to documents is called document sequencing
C. You can select a sequence of numbers that you would assign to a document category
D. Document sequencing for all the documents you use in all your Oracle applications comes automatically set up with your installation
Answer: BCD
Q172. Select the income tax report that is NOT available in the Payables module.
A. Withholding Tax by Invoice
B. Withholding Tax by Supplier
C. Withholding Tax by Payment
D. Withholding Tax by Supplier Site
Answer: D
Q173. Here is a description of a report, file, or register. Use this to review payments created for each bank account that you use during a time period you specify. The report lists each payment, as well as total payment amount and cleared amount of all payments. Identify the name of this standard report.
A. Positive Pay File
B. Payment Register
C. Payment Exceptions Report
D. Payment Process Request Status Report
Answer: B
Q174. To process a payment you must complete __________.
A. The payables accounting process
B. Only the invoice validation process
C. Only the create Accounting process
D. Both the invoice Validation and Create Accounting processes
Answer: B
Q175. Select three statements that apply to Interface Data Transformer (IDT). (Choose three.)
A. It ensures reapplication of the same rules each time you transfer.
B. IDT provides greater flexibility by performing no validation on the imported data.
C. User-defined conditions enable you to control when transformation rules must be applied.
D. IDT provides automatic data conversion that converts disparate data formats into an Oracle format.
E. It makes exporting of data from Oracle General Ledger into external feeder systems much easier and less time consuming.
Answer: ACD
Q176. 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.
Answer: D
Q177. Identify four consolidation tools. (Choose four.)
A. Interface Data Transformer
B. Global Consolidation System
C. Global Intercompany System
D. Financial Statement Generator
E. Applications Desktop Integrator
Answer: ABDE
Q178. Identify three options for preventing prepayments. (Choose three.)
A. Release the scheduled payment.
B. Apply one or more holds to the prepayment.
C. Apply the holds as you would for any other invoice.
D. Release the holds from a prepayment just as you would for any other invoice.
Answer: BCD
Q179. Identify two implementation considerations that impact Payables during the closing process. (Choose two.)
A. Determine how often you will run the Transfer Journal Entries to GL process.
B. Determine the number of clearing accounts to use for Projects, Assets, and Cash Management.
C. Choose the detail option to transfer details to General Ledger during the Create Accounting process.
D. Review the scheduling of the Create Accounting process to ensure that this is processed before processing pay runs.
E. Review the scheduling of the Mass Additions Create process to ensure that this is processed before the Create Accounting process.
Answer: AB
Q180. ABC Corporation wants to convert from their existing legacy application to Oracle E-Business Suite Release 12. Identify three statements that are true for invoice conversion. (Choose three.)
A. Merge all paid invoices for a supplier.
B. Invoices related to employee expense cannot be converted.
C. Establish a cutoff date after which invoices will be entered in Payables.
D. Use Payables Open Interface to convert unpaid invoices and credit memos.
E. Develop metrics that will be used to determine whether data conversion was successful.
Answer: CDE