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QUESTION 201
ABC.com’s, European operations accrue all the expenses items on receipt (perpetual accrual) without any exceptions. Which statement is true about the period close for payables and purchasing?
A. Purchasing has to close before payables
B. Payables has to close before purchasing
C. Closing of Payables automatically closes purchasing
D. Payables and purchasing can close independently of each other
Answer: D
QUESTION 202
ABC.com has these due dates for its invoices:
1. Invoice-1-01-ARP-06
2. Invoice-2-060-ARP-06
3. Invoice-3-08-ARP-06
ABC.com has defined additional Pay through Days as 5. It is running a payment batch on 02-APR-06. Which invoices would be selected for payment?
A. 2 Only
B. 1 Only
C. 1 and 2
D. 1 and 3
E. 1,2 and 3
Answer: C
QUESTION 203
What are the three options available for the parameter `Transfer to GL interface’ when running the request `Payables Transfer to General Ledger’? (Choose three.)
A. In Detail
B. Summarize by Invoice Date
C. Summarize by Payment Date
D. Summarize by Accounting Date
E. Summarize by Accounting Period
Answer: ADE
QUESTION 204
When setting up financials and Payables options, which two options can only be defined if you have Multi-Org enabled? (Choose two.)
A. Accounting
B. Tax Options
C. Invoice Controls
D. Payment Options
Answer: AB
QUESTION 205
ABC.com wants to create invoices for suppliers on the basis of purchase order (PO) receipts. Which three steps should the company take in Payables? (Choose three.)
A. Enable Gapless numbering
B. Enable the invoice match option
C. Enable pay on receipt at site level
D. Submit the pay on Receipt Auto Invoice Program
Answer: ACD
QUESTION 206
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
QUESTION 207
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
QUESTION 208
Why would you use the clearing payment method?
A. To generate a payment document to clear a debit memo
B. To generate a payment document to clear a credit memo
C. To account for intercompany expenses when you disburse funds through banks
D. To account for intercompany expenses when you do not disburse funds through banks
Answer: D
QUESTION 209
You are working on an implementation for Accounts Payable. Many payments for small suppliers will be made outside of the system, but your client does not want to manually record them because that would be too time consuming. What would be the best solution?
A. Create Electronic Payment batches using a check payment method for those multiple suppliers and destroy those checks.
B. Create electronic payment batches using an electronic payment method, such as Electronic Funds Transfer (EFT), for those multiple suppliers and then do not send the resulting electronic file to the bank.
C. Create electronic payment batches using a clearing payment method for those multiple suppliers, because this payment method does not generate a file.
D. Create electronic payment batches using a wire payment method for those multiple suppliers and then delete the resulting electronic file.
Answer: D
QUESTION 210
Which two statements are true regarding the Payables Options region in the Bank Account Window? (Choose two.)
A. You can Enter the Payables options information for supplier bank accounts.
B. The maximum Payment field controls the largest payment amount that you allow in a payment batch.
C. The maximum payment filed controls the largest currency outlay that you allow for a payment batch for this bank account.
D. The Minimum Payment field controls whether you would allow zero amount payments from this bank account.
E. If the bank account is a foreign currency or multiple currency account, realized gain and realized loss accounts would be displayed by default in the Payables options window.
Answer: BE
QUESTION 211
With which three modules does Oracle Payables have two-way integration? (Choose three.)
A. Projects
B. General Ledger
C. Cash Management
D. Oracle Purchasing
E. Human Resources
Answer: ACD
QUESTION 212
The period-close processes of which Oracle Applications can be directly affected by the Payables period-close activities and processes? (Choose two.)
A. Purchasing
B. Installed Base
C. Advanced Pricing
D. Assets
E. Enterprise asset Management (EAM)
Answer: AD
QUESTION 213
What are three prerequisites for interfacing payables invoice lines with Assets? (Choose three.)
A. There are no holds placed on the invoice
B. The invoice must be posted to General Ledger
C. The option `Track as Asset’ is selected in the Distributions from when entering an invoice
D. The invoice has been transferred to General Ledger
E. Distribution Account is Asset Clearing or CIP Account
Answer: CDE
QUESTION 214
Which three statements properly describe the use of distribution sets? (Choose three.)
A. You can assign a distribution set to an invoice when you enter it.
B. You can use full distribution sets to create distributions with no set percentage amounts.
C. You can use skeletal distribution sets to create distributions with set distributions amount.
D. You can use a distribution set to automatically enter distribution for an invoice when you are not matching it to a purchase order.
E. You can assign a default distribution set to a supplier site so Payables would use it for every invoice you enter for that supplier site.
Answer: ADE
QUESTION 215
Which three reports can be used for identifying duplicate suppliers? (Choose three.)
A. Supplier Report
B. Supplier Audit Report
C. Supplier Merge Report
D. Supplier Listing By Supplier Name
Answer: ABD
QUESTION 216
Which type of transaction uses the expenses clearing account defined in Financial Options?
A. Expense Reports
B. Credit Card Transactions
C. Miscellaneous Expenses
D. Expense-Related AP Invoices
Answer: B
QUESTION 217
At the ABC.com site, Cash Management is installed along with Oracle Payables. The payables option for payment accounting is set to account for a payment both on issue and clearing. The cash clearing accounts and cash accounts are different. What accounting happens when a payment is issued?
A. Debit AP Liability, Credit Cash Clearing
B. Debit AP Liability, Credit Cash
C. Debit Cash Clearing, Credit Cash
D. Debit Cash, Credit Cash Clearing
Answer: A
QUESTION 218
When you use invoice Approval workflow, which setup options in the Payables options form are related to invoices? (Choose three.)
A. Allow Force Approval
B. Use Invoice Approval Workflow
C. Require Validation Before Approval
D. Allow Document Sequencing Override
E. Build Discount Accounts when matching
Answer: ABC
QUESTION 219
ABC.com uses Oracle Purchasing and Payables only. The company would like to know the Financial Options that it should set up it to provide defaults. Which three options would you recommend? (Choose three.)
A. Accounting
B. Tax Options
C. Human Resources
D. Supplier Purchasing
E. Encumbrance Options
Answer: ABD
QUESTION 220
Which three statements are true regarding the setting up of a bank? (Choose three.)
A. Each bank can have multiple branches
B. Each branch can have multiple accounts
C. Each account can be associated with multiple Payables payment documents and multiple receivables payment methods
D. Each account can be associated with only one payables payment document and receivables payment method
E. Each account can be associated with multiple payables payment documents OR multiple Receivables payment methods but not both
Answer: ABE
QUESTION 221
Which two statements regarding receipt accruals are true? (Choose two.)
A. For accruals generated at period end, the accrual is sent to General Ledger after the Receipt Accruals – Period-End process is run and the accrual is cleared when the journal entry is reserved in General Ledger.
B. For accruals generated at receipt, the accrual is automatically sent to General Ledger and subsequently cleared when the journal entry is reserved in General Ledger.
C. For accruals generated at period end, the accrual is sent to General Ledger after the Receipt Accruals – Period-End process is run and subsequently cleared when an invoice in entered and matched to the purchase order.
D. For accruals generated at receipt, the accrual is automatically sent to General Ledger and subsequently cleared when an invoice is entered and matched to the purchase order.
Answer: AD
QUESTION 222
You are working on a multi organization accounts payable implementation withseveral payable entities. You client will not set up supplier bank accounts and will use payment batch, quick payments and manual payments. Which payment methods can your client use? (Choose that all apply)
A. Clearing
B. Check
C. Wire
D. Electronic
Answer: ABC
QUESTION 223
The bank account in the Payment Batches and Payments window defaults from ____.
A. Supplier Level
B. Bank Accounts
C. Supplier Site Level
D. Financial Options
E. Payables Options – Payments region
Answer: E
QUESTION 224
To process a payment you must complete ____.
A. The payables accounting process
B. Only the invoice validation process
C. Only the create Accounting process
D. Both the invoice Validation and Create Accounting processes
Answer: B
QUESTION 225
Which three statements are true regarding voucher numbers and document sequences? (Choose three.)
A. After you create and save a sequence, you can change it
B. Assigning unique voucher numbers to documents is called document sequencing
C. You can select a sequence of numbers that you would assign to a document category
D. Document sequencing for all the documents you use in all your Oracle applications comes automatically set up with your installation
Answer: BCD
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