1Z0-517 Online Practice Questions and Answers

Identify the three actions that you can perform using the consolidation workbench. (Choose three.)

A. Access the state controller.

B. Change the chart of accounts.

C. Create consolidations sets, which launch multiple consolidations in a single step.

D. Create multi-level hierarchies, which you can view using the graphical consolidation hierarchy viewer.

In the course of implementing Oracle General Ledger, you and your customer have created a number of Financial Statement Generator reports in a test environment. These reports have been tested and you are now ready to create them in your production environment. You are ready to run the FSG Transfer program. What two requirements are necessary to run this program? (Choose two.)

A. Database links must be defined.

B. The same ledgers must be defined in both instances.

C. Enable the FSG: AutoCopy profile option in the production environment.

D. The same row and column sets must exist in the production environment.

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

Client A has three legacy systems that contain this financial information: purchase orders, suppliers, receipts, invoices, accruals, and expense reports. The client must have much of this information loaded into Oracle Accounts Payable daily until they can effectively retire these three systems. Identify the best approach that involves minimal customization.

A. Develop custom interfaces for receipts and accruals, and use the invoice import process to bring in other information.

B. Use Invoice Import to bring in invoice and invoice accrual information. The rest requires custom interfaces to be developed.

C. Use Invoice Gateway to bring in invoice information, and Supplier Import for suppliers. The rest requires custom interfaces to be developed.

D. Use Invoice Import to bring in all the above information after setting the correct profile options and defining the appropriate AP and non-AP transaction sources. No custom interfaces are needed.

E. Use Invoice Gateway to bring in the invoice, invoice accrual, and expense report information; and Supplier Import to bring in supplier information. The rest requires custom interfaces to be developed.

You can hold the payment of an entire invoice or part of an invoice. This hold prevents a validated invoice from being selected in a Payment Batch, and paid. Identify the Payables window where you can select the Hold check box to place the invoice on a Payment Hold.

A. Enter Payments

B. Invoice Overview

C. Invoice Distributions

D. Scheduled Payments

Which three are true about internal bank accounts? (Choose three.)

A. They are defined to disburse funds to suppliers.

B. They are defined for receiving payment from customers.

C. They are defined to disburse electronic payments from your customers.

D. They are defined for receiving electronic payments made to your suppliers.

E. Internal accounts define bank accounts for which you are the account holder.

Identify four purposes for which the Special Calendar is used. (Choose four.)

A. payment terms

B. recurring invoices

C. Key Indicators Report

D. automatic tax withholding

E. opening and closing payables periods

F. controlling the number of future periods

Which is the final step in processing a payment batch?

A. Cancel the payment batch.

B. Confirm the payment batch.

C. Validate the payment batch.

D. Run the create accounting process.

E. Transfer the batch to General Ledger.