1Z0-517 | What Download 1Z0-517 exam dumps Is?
Q41. ABC Company in the United Kingdom has three subsidiaries in three different countries. It consolidates the accounts of all subsidiaries and the headquarters by using the average balances. John is new to Oracle General Ledger. He has just joined ABC Company. He needs to consolidate for the current month. On completion of the consolidation, John was not able to tally the consolidated figures with the ledgers. Select two reasons why John failed to see the correct balances. (Choose two.)
A. Posting of the consolidation journals may have failed.
B. He forgot to add the prior periods consolidation in the current period.
C. Manual adjustment needed after every consolidation was not performed.
D. John may not have reversed the prior periods consolidation in the current period.
Answer: AD
Q42. Which four selection criteria can be used when creating a pay run? (Choose four.)
A. supplier
B. due date
C. customer
D. pay group
E. invoice batch
F. payment priority
Answer: ADEF
Q43. Identify three ways in which subledgers transfer information to General Ledger. (Choose three.)
A. balances
B. batch transfer
C. detail journals
D. line-level records
E. summary journals
Answer: BCE
Q44. Which four lookups can be added with additional values at the time of implementation and also after implementation? (Choose four.)
A. Free on Board (FOB)
B. Invoice Type
C. Bank Branch
D. Automatic Withholding Tax (AWT) Rate Type
E. Automatic Withholding Tax (AWT) Certificate Types
Answer: ACDE
Q45. Which three programs submit their own reports, without any user intervention? (Choose three.)
A. Invoice Matching
B. Invoice Cancellation
C. Payment Confirmation
D. Expense Report Import
E. Invoice Validation
Answer: CDE
Q46. ABC Company wants to compare consolidated actuals against consolidated budgeted amounts. Identify the two steps that must be performed to provide ABC Company with this information. (Choose two.)
A. Run the Trial Balance report.
B. Execute an online budget inquiry.
C. Execute an online account inquiry.
D. Review the Account Analysis report.
E. Run financial statement generator reports.
Answer: CE
Q47. The management segment qualifier must be attached to which key flexfield segment?
A. future segment
B. account segment
C. company segment
D. department segment
E. intercompany segment
Answer: D
Q48. Jane, the GL accountant, asks you whether she could delete the budget after it has been defined.
She also wants to know whether she could delete the budget organization after it has been defined. What would be your response?
A. You can delete the budget and the budget organization after they have been defined.
B. You cannot delete the budget or the budget organization after either has been defined.
C. You cannot delete a budget after it has been defined. However, you can delete a budget organization.
D. You cannot delete a budget organization after it has been defined. However, you can delete a budget.
Answer: C
Q49. Michael is responsible for the accounting setup. Here is the list of accounts for the accounting setup structure mapped to their requirement.
1. suspense account - suspense posting
2. reserve for encumbrance account - exchange rate gain/loss
3. non-postable net income account - average balance processing
4. ledger currency balancing account - for using Oracle subledgers and balance subledger journals by the entered currency and balancing segment value
5. entered currency balancing account - for using Oracle subledgers and balance foreign currency subledger journals by the ledger currency and balancing segment value
Identify two correct mappings of accounts. (Choose two.)
A. 1
B. 2
C. 3
D. 4
E. 5
Answer: AC
Q50. In the context of adding, deleting, and disabling secondary ledgers, select two valid statements. (Choose two.)
A. The subledger accounting method must be assigned if defining a balance- or journal-level subledger.
B. The subledger accounting method must be assigned only to the secondary ledger in case of defining a subledger journals-level secondary ledger.
C. The subledger accounting method must not be assigned if defining an adjustments-only secondary ledger for manual adjustments in General Ledger.
D. The subledger accounting method need not be assigned to the primary ledger for assigning a subledger accounting method to the adjustments-only secondary ledger.
E. The subledger accounting method must be assigned to both primary and secondary ledgers to use the adjustments-only secondary ledger for both manual and automated adjustments from subledger accounting.
Answer: CE