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QUESTION 126
Company ABC has implemented Oracle Payables. They have decided not to define supplier bank accounts. They will use payment batches, quick payments, and manual payment processing. Select three payment methods that are available based on the company’s requirements. (Choose three.)
A. wire
B. check
C. clearing
D. electronic funds transfer (EFT)
E. electronic data interchange (EDI)
F. extensible markup language (XML)
Answer: ABC
QUESTION 127
Which statement is true about paying invoices?
A. An invoice can be paid without being validated.
B. An invoice can be paid only after the invoice accounting entries are created.
C. An invoice must be validated before you can create invoice accounting entries.
D. Invoice accounting entries and payment accounting entries can be transferred at different times to General Ledger only if they are in different calendar periods.
E. Both invoice accounting entries and payment accounting entries must be transferred to General Ledger at the same time if they are in the same calendar period.
Answer: C
QUESTION 128
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.
Answer: B
QUESTION 129
You are working on an implementation for Accounts Payable. Many payments for small suppliers will be made outside the system, but your client does not want to manually record them because that would be time consuming. Choose the best solution.
A. Create electronic payment batches by using a check payment method for those multiple suppliers, and destroy those checks.
B. Create electronic payment batches by using a wire payment method for those multiple suppliers, and then delete the resulting electronic file.
C. Create electronic payment batches by using a clearing payment method for those multiple suppliers because this payment method does not generate a file.
D. Create electronic payment batches by using an electronic payment method such as EFT for those multiple suppliers, and then do not send the resulting electronic file to the bank.
Answer: B
QUESTION 130
Identify the default value for the term date that would extend the time to pay an invoice, if the payment term is net 30 days.
A. invoice date
B. system date
C. invoice entered date
D. goods received date
E. invoice received date
Answer: B
QUESTION 131
Identify three Payables system setup options. (Choose three.)
A. bill-to location
B. always take discount
C. allow void and reissue
D. create interest invoice
E. application accounting definitions
Answer: BCD
QUESTION 132
Identify three statements that describe Payment Terms. (Choose three.)
A. default from the supplier site
B. cannot be specified in import tables
C. can be used for electronic payments
D. can be used to schedule payments for an invoice
E. automatically calculate due dates, discount dates, and discount amounts for each invoice
Answer: ADE
QUESTION 133
Identify four options for Quick Payments. (Choose four.)
A. Create a check, save it, and print it later.
B. Select an invoice that has not been validated.
C. Select an invoice that has one or more holds.
D. Create a quick payment, and select an invoice regardless of the due date.
E. Create a quick payment, and select an invoice regardless of the payments terms.
F. Create and print a computer-generated payment to pay a supplier for one or more invoices.
Answer: ADEF
QUESTION 134
Creating multiple scheduled payments allows you to issue partial payment of an invoice or to pay an invoice over multiple dates. Identify the one invoice field that is NOT used on the Scheduled Payments tabbed page.
A. due date
B. bank account
C. gross amount
D. trading partner
E. payment method
F. system hold reason
Answer: D
QUESTION 135
Payment process request templates are created on the Templates tabbed page of the Payments Manager to simplify pay run processing. All statements in the list below represent steps to create a payment process request template. Which one is the first step?
A. Specify payment attributes.
B. Specify template header information.
C. Specify the degree of pay run automation.
D. Specify invoice payment selection criteria.
E. Specify how the system handles validation failure on the document and payment levels.
Answer: B
QUESTION 136
R12 uses simplified navigation paths. To which specific button or navigational notation does (ST) refer?
A. start
B. stop
C. save
D. submit
E. search
F. subtab
Answer: F
QUESTION 137
In the Payment Process Requests, which action(s) can you perform on invoices that are selected for a pay run?
1. Review unselected invoices.
2. Change the invoice amount or the discount taken.
3. Add selected invoices to the payment process request.
4. Remove selected invoices from the payment process request.
5. Recalculate interest, payment withholding, or exchange rates.
A. All actions 1-5.
B. 1, 3 and 4 only.
C. 1, 2 and 5 only.
D. 1, 2, 3 and 4 only.
Answer: B
QUESTION 138
To review All of Todays selected invoices from the payment process request in the Payment Manager, perform these actions:
1. Navigate to the Payment Process Request component.
2. Navigate to the (B) Views window.
3. Select All of Todays from the drop-down list.
4. Click the Go button.
5. The payment process request for today is displayed.
Select the actions, arranged in their proper sequence.
A. 2, 3, 4, 5
B. 5, 2, 3, 4
C. 1, 2, 3, 4, 5
D. 5, 2, 3, 4, 5
Answer: C
QUESTION 139
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
QUESTION 140
The Quick Payment method is best described as the method of ____.
A. creating a payment without an invoice
B. manually writing a check outside of Payables
C. recording a payment made outside of Payables
D. creating and printing a computer-generated payment to pay a supplier for one or more invoices
Answer: D
QUESTION 141
You have received an invoice that requires an immediate payment. The next scheduled check run is not until the end of the week. Which two methods may you use to create the payment? (Choose two.)
A. Enter the invoice in the Invoice Workbench, and validate the invoice. Open the Payment Workbench and create a quick payment.
B. Enter the invoice in the Invoice Workbench, and validate the invoice. Open the Payment Workbench and create a manual payment.
C. Enter the invoice in the Invoice Workbench, validate the invoice, and select pay in full. This accesses the Payment Workbench and create a quick payment.
D. Enter the invoice in the Invoice Workbench, validate the invoice, and select pay in full. This accesses the Payment Workbench and creates a manual payment.
Answer: AC
QUESTION 142
Which three restrictions apply when you are paying invoices with a “quick” payment type? (Choose three.)
A. You can select only those invoices that are due.
B. If you want to pay multiple invoices, none can be a pay-alone invoice.
C. If you want to pay multiple invoices, none can be of an invoice type of prepayment.
D. You can pay only as many invoices as you defined for the remittance advice of the payment document.
E. You can select only those invoices that have the same supplier site as the payment supplier site you enter.
Answer: BDE
QUESTION 143
Choose the process that can be performed after a pay run has been formatted.
A. Change an invoice amount.
B. Prevent payment to a supplier.
C. Print checks from the output file.
D. Prevent payment of a particular invoice.
E. Add an invoice that Payables did not originally select.
Answer: C
QUESTION 144
You just received an invoice for a new supplier. You need to pay it and ensure that all accounting entries are created in General Ledger. You perform these steps, in the order shown:
1. Enter the supplier.
2. Enter the invoice.
3. Create the pay run.
4. Create payment accounting entries.
5. Validate the invoice.
6. Create invoice accounting entries.
7. Transfer the information to General Ledger.
What would be the result?
A. The invoice is not paid and no entries are created in General Ledger.
B. The invoice is paid and all accounting entries are created in General Ledger.
C. The invoice is not paid but the invoice accounting entry is created in General Ledger.
D. The invoice is paid but only the invoice accounting entry is created in General Ledger.
Answer: C
QUESTION 145
Select four occasions when the Create Accounting process can be run. (Choose four.)
A. after the payment process
B. before the payment process
C. after the Invoice Validation process
D. before the Invoice Validation process
E. before the transfer information to GL process
Answer: ABCE
QUESTION 146
The manual payment method is best described as the method of ____.
A. paying multiple checks in a pay run
B. paying a single check within Payables
C. manually writing a check outside of Payables
D. recording a payment made outside of Payables
Answer: D
QUESTION 147
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
QUESTION 148
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
QUESTION 149
When reconciling Payables and Cash Management, you may encounter clearing restrictions. Here are three clearing restrictions for Cash Management.
1. Oracle Cash Management cannot clear bills payable that have a status of ____.
2. Oracle Cash Management clears bills payable only if the payment status is ____.
3. On or after the maturity date of the payment, you can update the status to ____.
Identify the one status for the second clearing restriction.
A. issued
B. negotiable
C. reconciled
Answer: B
QUESTION 150
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
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