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
QUESTION 101
Company K has identified these business requirements for their Payables operations:
1. All invoices must be part of a batch.
2. Discounts must be taken in all situations.
3. Invoices must be numbered by the system.
4. Accounting entries must be created for all invoice types.
5. All credit memos above a certain dollar amount must be approved before entry.
6. Four-way matching is enforced.
Select the profile option to be configured that will satisfy the above requirements.
A. AP: Invoice Match
B. AP: Use Invoice Batch Controls
C. AP: Enable Invoice Autonumbering
D. AP: AP Discounts Interface Start Date
E. AP: Use Invoice Accounting For Credit Memos
Answer: B
QUESTION 102
ABC Corp. wants to allocate the gross amount of XYZ Co. invoices to fifty cost centers each time an invoice is received from them. The cost centers that are to be charged require minimal updating. Select the option you would recommend that requires minimal ongoing maintenance.
A. Import predefined invoices from an Excel spreadsheet.
B. A customization may be created to allocate the charges at the end of the month.
C. Create an invoice and use the prorate functionality to allocate the cost across accounts.
D. Make it an operational policy that all invoices of this type are created listing all the desired accounts.
E. Create a distribution set for all the desired accounts and associate it to all new invoices for this supplier.
Answer: E
QUESTION 103
Company Z has implemented Payables, General Ledger, and Project Accounting. Both Transfer to GL and Interface Supplier Costs are processed each night. A descriptive flexfield called SAI Value has been defined on the invoice header to capture additional information, and is used in conjunction with the accounting on the invoices. This is not a required field. There is a corresponding user-defined hold called SAI Hold, which is manually applied whenever an invoice is created and the SAI Value has not been provided to Company Z by the supplier. During weekly reviews of accounting, users have found that invoice transactions that are on SAI Hold are displayed in Project Accounting but not in General Ledger. Select what is causing this issue.
A. Invoices have not been validated.
B. The current General Ledger period is closed.
C. The current Project Accounting period is closed.
D. The Payables Accounting process has not been run.
E. Accounting is not being created by the user-defined hold.
F. The descriptive flexfield field must be a required field, and not an optional field.
Answer: E
QUESTION 104
Select three invoice types that can be entered ONLY in the Invoice Workbench, and CANNOT be entered via the Invoice Gateway. (Choose three.)
A. debit memos
B. credit memos
C. prepayments
D. PO default invoice
E. PO standard invoice
Answer: ACD
QUESTION 105
Identify the two methods that are NOT used to enter invoice distributions. (Choose two.)
A. using a distribution set
B. creating through allocations
C. matching the invoice to a shipment
D. using the Distributions Open Interface
E. manually entering in the distributions window
Answer: CD
QUESTION 106
Company XYZ has received an invoice that includes freight charges. They want to distribute the freight charges proportionately to the same accounts that were charged for the items. Identify the steps they need to follow to create the freight distributions.
A. Manually enter freight-type distributions for each account that was charged.
B. Enable Automatically Create Freight Distribution in the invoice region in the Payables Options window.
C. Create a freight distribution by selecting the Create Freight Distribution check box in the Invoices window.
D. In the Distributions window, click the Allocate button, identify the distribution type as Freight, select Prorate, and select the distributions to which freight charges would be allocated.
Answer: D
QUESTION 107
ABC Corp. requires that all invoices are matched to both a purchase order and a receipt. Invoice tolerances are set to zero. A standard purchase order is entered for consulting services. An invoice is entered and matched against a purchase order. The total invoice amount matches the distribution amount. When the steps to prepare the invoice for payment are completed, the invoice is placed on hold. The company’s business policy states that all holds cannot be manually released. To pay the supplier, identify the step to be completed to remove the hold and be eligible for payment.
A. Inspection is required because it is a three-way match.
B. Manually release the hold because it is not a system hold.
C. The service must be received in Purchasing because three-way matching is required.
D. The service must be received in Accounts Payable because it is a purchase order for a service and not a commodity or item.
E. Change the invoice tolerances in the Payables Options form to be greater than zero, so that the invoice does not go on hold again.
Answer: C
QUESTION 108
Which two statements are true if you select the QuickMatch invoice type? (Choose two.)
A. You can use QuickMatch to match individual distribution lines.
B. You can use QuickMatch to match individual purchase order shipments.
C. Payables automatically completes the match to all available shipments on the purchase order.
D. Payables automatically creates invoice distributions on the basis of the purchase order distributions.
Answer: CD
QUESTION 109
Which three are true regarding purchase order-matched invoices? (Choose three.)
A. You can set up controls in your system to require you to purchase order-match each invoice.
B. You can set up controls in your system to require you to invoice-match credit /debit memos that have been matched to a purchase order.
C. You can set an option on a purchase order shipment that controls whether invoices must match that shipment directly or through a receipt.
D. You set tolerances to specify the range of variance you will allow if the amounts or quantities on the invoice are less than the amounts or quantities on the purchase order or receipt.
E. You set tolerances to specify the range of variance you will allow if the amounts or quantities on the invoice are greater than the amounts or quantities on the purchase order or receipt.
Answer: ACE
QUESTION 110
Client L has implemented Oracle Payables. They have been able to enter invoices and have them validated, but have been unable to create accounting entries. You have been asked to review the situation. Identify what could be causing this problem.
A. The base currency has not been defined.
B. Automatic offsets have been set to balancing.
C. The primary accounting method has not been defined.
D. The Payables Accounting Process was not submitted.
E. The account for gain or loss attribute has not been enabled.
Answer: D
QUESTION 111
Identify four functions of the Invoice Validation process. (Choose four.)
A. applying any required holds
B. releasing any qualifying holds
C. applying all prepayments and discounts
D. validating the General Ledger accounting information
E. validating and creating accounting entries for the invoice
F. ensuring that the total amount of all distributions equals the invoice total
G. creating an additional distribution for any difference between the total amount of all distributions and the invoice total
Answer: ABDF
QUESTION 112
A client has a requirement for their Payables application:
1) AP must automatically create balancing accounting entries for invoice and payment transactions by using the expense GL Account.
2) Stop the application of a prepayment amount to an invoice or expense report amount that is charged to a different balancing segment.
Which two steps would satisfy both these requirements? (Choose two.)
A. Set the Automatic Offset Method to Accrual.
B. Set the Automatic Offset Method to Account.
C. Set the Automatic Offset Method to Balancing.
D. Enable the Prevent Prepayment Application Across Offset Segments option.
E. Enable the Prevent Prepayment Application Across Account Segments option.
F. Enable the Prevent Prepayment Application Across Balancing Segments option.
Answer: BF
QUESTION 113
Before you can pay or create accounting entries for an invoice, the Invoice Validation process must validate the invoice. After this process is run, there is data that cannot be updated, modified, or changed. Choose three data fields that cannot be updated, modified, or changed after the Invoice Validation process has run and this invoice has a prepayment applied to it. (Choose three.)
A. invoice date
B. supplier site
C. trading partner
D. supplier number
E. invoice description
Answer: ACD
QUESTION 114
Identify three invoice holds that cannot be manually released. (Choose three.)
A. Acct Hold Reason
B. Funds Hold Reason
C. Invoice Hold Reason
D. Variance Hold Reason
E. Insufficient Information
F. Matching Hold Reason
G. Prepaid Amount Reason
Answer: AEG
QUESTION 115
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
Answer: D
QUESTION 116
Select the three windows where a user can manually release an invoice hold or payment hold. (Choose three.)
A. Holds
B. Actions
C. Invoice Lines
D. All Distributions
E. Scheduled Payments
Answer: ABE
QUESTION 117
Identify the item that requires approval through the workflow process.
A. invoices not matched to a purchase order
B. invoices that existed before you enabled the feature
C. expense reports imported through the Payables Expense Report Import Program
D. recurring invoices if the recurring invoice template did not have the Approval Workflow Required option enabled
Answer: A
QUESTION 118
A client is implementing ACH and has a business requirement that all invoices go through an approval process flow. Identify three features of the Invoice Approval Workflow that would meet their requirement. (Choose three.)
A. allows automatic resubmission of an invoice if rejection occurs
B. has predefined criteria to identify which invoices require approval
C. allows approval routing management from one central responsibility
D. provides automatic routing of invoices upon approval to another designated approver
E. allows for corrections to invoices to be made while still in the approval routing process
F. provides time limits as to how long an invoice can remain unapproved before being automatically rerouted to the next approver
Answer: BDF
QUESTION 119
Identify three true statements about the invoice approval workflow. (Choose three.)
A. If an approver rejects the invoice, the Workflow program ends.
B. If an approver does not respond within the time you specify, Workflow routes the invoice back to the originator.
C. If an approver does not respond within the time you specify, then Workflow requests approval from that person’s manager.
D. If an approver approves the invoice, the invoice goes to the next person in the approver list until all required people approve the invoice.
E. If the invoice amount is changed after the invoice is already submitted to the approval process or after the process is complete, the system does not automatically resubmit the invoice for approval.
Answer: ACD
QUESTION 120
Using the Payables System Setup Options form, you can enable autonumbering for ____.
A. invoices
B. suppliers
C. payments
D. employees
E. expense reports
Answer: B
QUESTION 121
Company ABC has decided to use the invoice approval workflow to require approval on all invoices. Select two exceptions where Payables automatically sets the approval status to not required. (Choose two.)
A. invoices imported through EDI
B. invoices created after invoice workflow approval is enabled
C. invoices created using the Pay on Receipt Autoinvoice program
D. expense reports imported through the Payables Expense Report Import program
E. recurring invoices if the approval workflow option required was not enabled on the template
Answer: DE
QUESTION 122
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
Answer: ABCD
QUESTION 123
Select four tips that can be used to speed up data entry. (Choose four)
A. Use quick invoices.
B. Use distribution sets.
C. Use recurring invoices.
D. Use keyboard shortcuts.
E. Use only invoices without holds.
Answer: ABCD
QUESTION 124
Identify three statements that properly describe the use of distribution sets. (Choose three.)
A. Assign a distribution set to an invoice when you enter it.
B. Use full distribution sets to create distributions with no set percentage amounts.
C. Use skeleton distribution sets to create distributions with set distribution amounts.
D. Assign a default distribution set to a supplier site, so Payables will use it for every invoice you enter for that supplier site.
E. Use a distribution set to enter distributions for an invoice automatically when you are not matching it to a purchase order.
Answer: ADE
QUESTION 125
ABC Corporation wants to convert from their existing legacy application to Oracle E-Business Suite Release 12. Identify three statements that are true for invoice conversion. (Choose three.)
A. Merge all paid invoices for a supplier.
B. Invoices related to employee expense cannot be converted.
C. Establish a cutoff date after which invoices will be entered in Payables.
D. Use Payables Open Interface to convert unpaid invoices and credit memos.
E. Develop metrics that will be used to determine whether data conversion was successful.
Answer: CDE
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