1Z0-517 | The Secret of Oracle 1Z0-517 exam
Q141. You initiated a pay run by entering criteria for invoices that you want to pay. In which order would you perform these steps to complete the pay run process?
1. Review proposed payments.
2. Print payments.
3. Create payment instructions.
4. Select and build proposed payments.
5. Mark payments as complete.
A. 4, 2, 1, 5, 3
B. 4, 1, 3, 2, 5
C. 2, 4, 1, 3, 5
D. 5, 4, 1, 2, 3
Answer: B
Q142. For each subledger, there must be one _____.
A. journal type
B. account type
C. journal source
D. journal category
Answer: C
Q143. All manual journal entries are defaulting to a non-current period. Which step was omitted from the accounting cycle?
A. updating the period
B. posting journal entries
C. consolidating financials
D. reversing journal entries
E. translating foreign balances
Answer: A
Q144. Identify three ways that an invoice can be submitted for validation. (Choose three.)
A. online by clicking the Validate button in the Invoice Batches window
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
Q145. You are implementing Oracle E-Business Suite Release 12 General Ledger for ABC Corporation. Identify two setups required for journal approval. (Choose two.)
A. Enable journal approval for the Journal Category window.
B. Disable the Journal: Find Approver Method profile option.
C. Enable the Journal: Allow Preparer Approval profile option.
D. Configure the GL journal approval process in Oracle Workflow Builder.
Answer: CD
Q146. Identify three statements that are true about the withholding tax process. (Choose three.)
A. Tax is automatically calculated at any calculation level.
B. The withholding tax process is a part of Cash Management.
C. Payables automatically generates withholding tax invoices to pay tax authorities.
D. Payables calculates withholding taxes on invoices during the invoice validation process or during the payment calculation.
E. If the withholding tax is calculated during the invoice validation process, the taxable amount withheld is the gross amount.
Answer: CDE
Q147. During the testing phase of your implementation, you find that you are unable to delete a journal batch, though it is not yet posted. You ask the technical consultant for help and he emails you a checklist of scenarios in which the batches cannot be deleted. Select three scenarios that would be on the checklist. (Choose three.)
A. The source is frozen.
B. The journal batch has not been posted.
C. Funds have been reserved for the batch.
D. The journal batch has not been approved.
E. Funds are in the process of being reserved for the batch.
Answer: ACE
Q148. Where does the expense AP accrual account used in the Period End Accrual process default from?
A. Financial Options
B. Payables Options
C. Receiving Options
D. Purchasing Options
Answer: D
Q149. Select the Apply Withholding Tax Payables option that must be set to submit the Withholding Tax by Invoice Report.
A. At Payment Time
B. Allow Force Approval
C. Allow Online Validation
D. At Invoice Validation Time
Answer: D
Q150. Which two are the mandatory flexfield qualifiers in Oracle General Ledger? (Choose two.)
A. balancing segment
B. cost center segment
C. management segment
D. natural account segment
E. secondary tracking segment
Answer: AD