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Premium PassLeader 1Z0-517 Dumps with VCE and PDF Download (Question 151 – Question 175)

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QUESTION 151
Which statement is FALSE about the Stop Payments Report?

A.    Use this report to review all current stop payments.
B.    Payables lists stop payments that were voided at a later time.
C.    Payables does not list stop payments that were voided at a later time.
D.    Payables does not list stop payments that were initiated, but then released at a later time.

Answer: B

QUESTION 152
Company A has implemented Oracle Payables and Oracle General Ledger. It has a third-party (non-Oracle) application that it uses to enter employee expense reports. The company wants to interface the expense reports created in the third-party application to Oracle Payables as invoices, and pay these invoices out of Oracle Payables. Identify the Oracle Payables interface that accomplishes this.

A.    Projects Import Interface
B.    Payables Open Interface
C.    Credit Card Import Interface
D.    Expense Report Import Interface

Answer: B

QUESTION 153
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.

Answer: AC

QUESTION 154
Company A wants to use Oracle Internet Expenses with expense report templates. Identify three true statements for the setup of expense report templates. (Choose three.)

A.    The tax code assigned to an expense item must be Web enabled.
B.    Each expense item must have an expense category assigned to it.
C.    The expense report template must be enabled for Internet Expenses.
D.    The GL account assigned to an expense item must have all accounting flexfield segment values entered.

Answer: ABC

QUESTION 155
Expense reports for Company A are entered in Payables using the Expense Report form. The accounting flexfield has a three-segment structure:
Company – Cost Center – Account
The employee GL account on the expense report is populated from the employee record. The company and the cost center for the expense lines are derived from the GL account. The account segment value could vary for every line on the expense report. Identify the approach you recommend to Company A for fast and accurate entry of expense reports.

A.    Enter the expense report header.
Enter lines.
Enter all segment values for each expense report line.
B.    Enter the expense report header.
Enter lines.
Override the account segment value for each line as required.
C.    Create expense report templates.
Enter the account segment value for each line on the template.
Leave the other segment values empty.
Use the template lines when entering the expense report.

Answer: C

QUESTION 156
Identify the setup options that would allow the accounts payable supervisor to default an active expense report template.

A.    System Options
B.    Financial Options
C.    Code Set Options
D.    Payables Options
E.    Expense Report Payables Options

Answer: E

QUESTION 157
If you use the Expense Report Export program, it converts expense reports created in these applications into Payables invoices. Identify the two applications. (Choose two.)

A.    Oracle Aria
B.    Oracle Travel
C.    Oracle Projects
D.    Oracle Payables
E.    Oracle General Ledger
F.    Oracle Internet Expenses

Answer: DF

QUESTION 158
During the entry or update of expense reports in the Payables Expense Report window, holds can be applied on an expense report. These holds are carried forward to the invoice created from the expense report in Payables. Which statement is true?

A.    Only one user-defined hold and no system hold can be applied on one expense report in the Payables Expense Report window.
B.    Any number of user-defined holds and only one system hold can be applied on one expense report in the Payables Expense Report window.
C.    Only one user-defined hold and any number of system holds can be applied on one expense report in the Payables Expense Report window.
D.    Any number of user-defined holds and any number of system holds can be applied on one expense report in the Payables Expense Report window.

Answer: A

QUESTION 159
A client wants to configure Oracle AP to perform prepayments for matched invoices. You have been hired as the implementation consultant and have been given the assignment. To complete this assignment, choose the option that applies.

A.    Set up the prepayment terms.
B.    Enable “Allow prepayments” in the Financial Options form.
C.    Enable the Oracle Payables Enable Prepayments profile option.
D.    No additional configuration is required. Users must set up the prepayment when the invoice is created.
E.    No additional configuration is required. Users must set up the prepayment when the payment is created.

Answer: D

QUESTION 160
Identify the conditions that must exist before you can apply an advance against an expense report.

A.    The prepayment type is temporary and has been fully applied.
B.    The prepayment type is temporary and has not been fully applied.
C.    The prepayment type is permanent, has been validated, and not canceled.
D.    The prepayment type is permanent and no active holds exist for the prepayment.

Answer: B

QUESTION 161
Identify the table used to load procurement card transactions.

A.    AP_Card_Codes
B.    AP_Invoices_Interface
C.    AP_Invoice_Lines_Interface
D.    AP_Expense_Feed_Lines_All

Answer: D

QUESTION 162
Select the four activities that are NOT part of the Payables closing process. (Choose four.)

A.    confirm payment batches
B.    close the Payables period
C.    close the General Ledger period
D.    process period-end receipt accruals
E.    review the Uninvoiced Receipts Report
F.    process the remaining Inventory transactions

Answer: CDEF

QUESTION 163
Identify two exceptions that prevent you from closing the period in Payables. (Choose two.)

A.    unpaid invoices
B.    outstanding pay runs
C.    invoices not validated
D.    unaccounted invoices
E.    unpaid expense reports

Answer: BD

QUESTION 164
Select three processes that must be performed before closing the purchasing period. (Choose three.)

A.    Process period-end receipt accruals.
B.    Run the Purchasing Account Analysis Report.
C.    Process the remaining inventory transactions.
D.    Run and review the Uninvoiced Receipts Report.
E.    Run Transfer Journal Entries to the GL program from Receiving.

Answer: ADE

QUESTION 165
XYZ Corporation uses Fixed Assets to manage their Asset transactions such as capitalizing, depreciating, adjusting, and retiring. After assets are purchased and the invoice is entered and accounted for, the company runs the Mass Additions Create process to send assets to Fixed Assets. When the purchase order is written, which account must be specified on the purchase order distribution for the charge account?

A.    the material account associated with the inventory organization
B.    the AP trade liability account associated with the operating unit
C.    the asset cost account associated with an asset category in Assets
D.    the asset clearing account associated with an asset category in Assets

Answer: D

QUESTION 166
ABC Corporation has closed their APR-XX accounting period. The APR-XX period started on 27-MAR-20XX and ended on 26-APR-20XX. To ensure that all accounting from APR-XX has been sent to General Ledger, they must run two Trial Balance Reports, the Posted Invoice Register, and the Posted Payment Register. What dates must be used to run Accounts Payable Trial Balance Reports?

A.    one run for 26-MAR-20XX and one for 26-APR-20XX
B.    one run for 01-APR-20XX and one for 30-APR-20XX
C.    one run for 27-MAR-20XX and one for 26-APR-20XX
D.    one run for 31-MAR-20XX and one for 30-APR-20XX

Answer: A

QUESTION 167
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.

Answer: AD

QUESTION 168
At your client site, the Payables period-close processes have been performed. The Payables transfer to GL has been completed, and the resulting journal entries have been posted to GL. The current Payables period has been closed. The Accounts Payable Trial Balance (last day of prior period) + Posted Invoices – Posted Payments equals the Accounts Payable Trial Balance (last day of current period). However, the balance in the AP liability account in GL for the current period does not equal the Accounts Payable Trial Balance (last day of the current period). What is the possible reason?

A.    Inventory has not closed for the current period.
B.    Purchasing has not closed for the current period.
C.    Period-end accrual journals have been reversed in GL.
D.    Manual journals have been posted to the AP liability account in the current period in GL.

Answer: D

QUESTION 169
In the accrual process for perpetual accruals, which two events generate accounting entries that can be transferred to GL? (Choose two.)

A.    processing a receipt
B.    entering a purchase order
C.    running the period-end accrual program
D.    entering invoices and matching them in Payables

Answer: AD

QUESTION 170
In the accrual process for period-end accruals, which two events generate accounting entries that can be transferred to General Ledger? (Choose two.)

A.    processing a receipt
B.    entering a purchase order
C.    running the period-end accrual program
D.    entering invoices and matching them in Payables

Answer: CD

QUESTION 171
Where do you define the attribute that determines whether you will accrue expense items at receipt or at period end?

A.    System Options
B.    Financial Options
C.    Payables Options
D.    Purchasing Options
E.    Payables System Setup Options

Answer: D

QUESTION 172
Identify three key accounts to be considered during the implementation of Payables that impacts the reconciliation of the accounts payable liability accounts. (Choose three.)

A.    AP liability account
B.    accrual charge account
C.    receiving accrual account
D.    accrued Payables account
E.    receiving inventory account
F.    expense AP accrual account
G.    inventory AP accrual account

Answer: AFG

QUESTION 173
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

QUESTION 174
At your client site, under Payables Options, the Transfer to GL option has been set to Summarize by Accounting Period. The period-end close processes for AP have run and the Payables journals (purchase invoices and payments) have been created and posted in GL. Which statement is true?

A.    It is not possible to drill down from GL to Payables.
B.    It is possible to drill down from journals of categories purchase invoices and payments in GL to Payables.
C.    Drilldown from the journals of category purchase invoices in GL is possible, but not drilldown from journals of category payments.
D.    Drilldown from the journals of category payments in GL to Payables is possible, but not drilldown from journals of category purchase invoices.

Answer: B

QUESTION 175
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


PassLeader now are offering 100% pass ensure 1Z0-517 dumps! All 1Z0-517 exam questions have been updated with correct answers, welcome to download the newest PassLeader 1Z0-517 VCE dumps and PDF dumps: https://www.passleader.com/1z0-517.html (313 Q&As)

BTW: Download PassLeader 1Z0-517 dumps from Google Drive for free: https://drive.google.com/open?id=0B-ob6L_QjGLpamNRblFUamsxVW8