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QUESTION 76
Sam, the CFO of XYZ Company, finds that in the expenditure budget of the current year, there are many funds available in the stationery account, whereas there is not much amount left for employee travel expenses. Sam instructs the budget analyst John to transfer 80% of the stationery account to the travel expenses account. While transferring the amount, John encountered errors and approached Sam for a resolution. Sam reviews the situation and clarifies it to John. Choose what Sam would have explained to John.
A. There must be some budgetary control enabled on the travel expenses, and a transfer can be made only after a funds check.
B. There must be some budgetary control enabled on the stationery account, and a transfer can be made only after a funds check.
C. There must be some budgetary control enabled on the stationery and travel expenses accounts, and a transfer can be made only after a funds check.
D. It is not possible to transfer amount from one account to another unless the absolute amount is known. So John should have calculated 80% of the stationery account and then tried to make the transfer.
Answer: B
QUESTION 77
The GL accountant has defined the budget and wants the assistant accountants to enter and update the budget. The GL accountant wants this budget to be the default. What would be your response?
A. If the client wants to do this, the budget status must be open.
B. If the client wants to do this, the budget status must be current.
C. The Oracle General Ledger budget functionality cannot satisfy this requirement.
D. If the client wants to do this, customization of Oracle Workflow is the only option.
Answer: B
QUESTION 78
Peter, the GL accountant, tells you that he has defined the budget and that the budget amounts have been entered and approved by management. After approval, he wants his assistant accountants to NOT be able to update this budget. What would be your response?
A. The budget status must be current.
B. Set the budget status to frozen to meet this need.
C. The Oracle General Ledger budget functionality cannot satisfy this requirement.
D. If the client wants to do this, customization of Oracle Workflow is the only option.
Answer: B
QUESTION 79
Jane, the GL accountant, asks you whether she could delete the budget after it has been defined. She also wants to know whether she could delete the budget organization after it has been defined. What would be your response?
A. You can delete the budget and the budget organization after they have been defined.
B. You cannot delete the budget or the budget organization after either has been defined.
C. You cannot delete a budget after it has been defined. However, you can delete a budget organization.
D. You cannot delete a budget organization after it has been defined. However, you can delete a budget.
Answer: C
QUESTION 80
Jack, the CFO of ABC Company, wants to prepare the annual capital expenditure budget for the current year where the company plans to grow in the last quarter of the year. The capital expenditure budget is subdivided in multiple items, and the corporate calendar used at ABC Company has thirteen periods. Identify the three budget rules that Jack must use to minimize the effort. (Choose three.)
A. Use the divide evenly rule with the 4/4/4 spread.
B. Use the divide evenly rule with the 4/5/4 spread.
C. Use the divide evenly rule with the 5/4/4 spread.
D. Use the divide evenly rule with the 4/4/5 spread.
Answer: BCD
QUESTION 81
Sam, the CFO of XYZ Company, wants to prepare the annual capital expenditure budget for the current year with reference to the capital expenditure budget of the previous year. The capital expenditure budget is subdivided into multiple items, and the corporate calendar used at XYZ Company has thirteen periods. Which budget rule must Sam use to minimize the effort?
A. prior year budget monetary and prior year budget statistical
B. prior year actual monetary and current year budget statistical
C. prior year budget monetary and current year budget statistical
D. current year actual monetary and current year actual statistical
E. current year budget monetary and current year budget statistical
Answer: A
QUESTION 82
Suppliers play an important part in the Procure-to-Pay process. Select three activities that you must perform using a supplier. (Choose three.)
A. You receive goods or services from suppliers.
B. You need supplier information for entering purchase orders.
C. You must pay the supplier for the goods or services purchased.
D. You need a supplier as the criterion to search for a payment in the system.
E. You need a supplier as the criterion to search for purchase orders in the system.
Answer: ABC
QUESTION 83
Purchasing has numerous activities that are performed as a key part of the Procure-to-Pay process. Select three activities that are performed in the Purchasing module that will integrate into Payables. (Choose three.)
A. canceling invoices
B. performing receiving
C. scheduling payments
D. creating purchase orders
E. creating purchase order detailed accounting information
Answer: BDE
QUESTION 84
Subledger Accounting is a rule-based accounting engine that centralizes accounting for Oracle E-Business Suite Release 12 products. Select the Oracle application that is NOT a Subledger Accounting module.
A. Assets
B. Payables
C. Purchasing
D. Receivables
E. General Ledger
Answer: E
QUESTION 85
Oracle Payments is the central payment engine for Oracle E-Business Suite Release 12. Identify three modules that integrate with Oracle Payments. (Choose three.)
A. Assets
B. Payables
C. Receivables
D. Cash Management
E. Order Management
Answer: BCD
QUESTION 86
There are five major business functions that occur sequentially during the natural flow of the Payables processes. Consider this list of five steps:
1. Invoice Payment
2. Invoice Validation
3. Invoice and Payment Accounting
4. Supplier Entry
5. Invoice Import/Entry
What is the order in which these steps must be performed?
A. 1, 2, 3, 4, 5
B. 4, 5, 2, 1, 3
C. 5, 3, 1, 2, 4
D. 3, 1, 4, 2, 5
E. 4, 2, 5, 1, 3
Answer: B
QUESTION 87
There are many fields with important data displayed on the main page of the Payables Overview window. Which three fields do NOT appear in the Payables Overview main window? (Choose three.)
A. Terms
B. Paygroup
C. Trading Partner
D. Settlement Date
E. Remit-To Bank Account Name
Answer: ABE
QUESTION 88
What are the three prerequisites for interfacing Payables invoice lines with Assets? (Choose three.)
A. The invoice has no holds.
B. The invoice must be posted to General Ledger.
C. The invoice has been transferred to General Ledger.
D. The invoice distribution has “Track as Asset” selected.
E. The distribution account is an Asset Clearing or CIP account.
Answer: CDE
QUESTION 89
Identify two events that take place when an invoice is matched to a purchase order. (Choose two.)
A. Tolerances are enforced.
B. The quantity billed is updated.
C. The quantity received is updated.
D. The purchase order accounting information is copied to the invoice.
Answer: BD
QUESTION 90
Identify the two invoice types processed by the Payables Open Interface process. (Choose two.)
A. standard
B. prepayment
C. debit memos
D. credit memos
Answer: AD
QUESTION 91
Identify four interface tables that are available in Oracle Payables. (Choose four.)
A. Payables Open Interface
B. Suppliers Open Interface
C. Payables PCard Interface
D. Payables Payments Interface
E. Payables PO Matching Interface
F. Payables Invoice Open Interface
Answer: ABCE
QUESTION 92
There are numerous Oracle modules that are integrated into or out of the Payables module. Identify four Oracle modules that are directly integrated with Oracle Payables. (Choose four.)
A. Loans
B. Purchasing
C. Bill of Materials
D. E-Business Tax
E. Order Management
F. Cash Management
G. System Administrator
Answer: ABDF
QUESTION 93
Select three types of Payables open interfaces that will import data into Payables from other applications or third-party solutions. (Choose three.)
A. PCard Open Interface
B. Supplier Open Interface
C. Matching Open Interface
D. Receiving Open Interface
E. Payments Open Interface
Answer: ABC
QUESTION 94
Identify three types of entities that can be defined and related to one another in Oracle Applications. (Choose three.)
A. ledger
B. paygroups
C. legal entities
D. responsibilities
E. business groups
Answer: ACE
QUESTION 95
To set up and use Multiple Organization Access Control (MOAC) most effectively, you need to define three profile options. (Choose three.)
A. MO: Operating Unit
B. HR: Security Profile
C. MO: Security Profile
D. HR: Business Group
E. MO: Default Operating Unit
Answer: ACE
QUESTION 96
Select four options that can be set at the supplier site level. (Choose four.)
A. surveys
B. tax details
C. accounting
D. bank details
E. business classification
Answer: ABCD
QUESTION 97
You are at a client site that has thousands of suppliers in their current legacy system that will end up in the Oracle Production system. Before conversion, you must perform a supplier cleanup on these numerous names and sites. Which three naming conventions would you use for “Best Practices” during the supplier cleanup? (Choose three.)
A. Use Last Name, First Name to identify employees as suppliers.
B. Create some supplier names in uppercase and others in mixed case.
C. Use abbreviations in the supplier name even it is not abbreviated on the invoice.
D. Remove all punctuation marks (commas, periods, and so on) from the supplier name.
E. Use the exact spelling of a supplier name as it appears on the invoice for the naming convention.
Answer: ADE
QUESTION 98
You are on a phased-approach implementation. Payables and Purchasing are being implemented in Phase One, and Assets in Phase Two. Identify three choices in the process for the best way to discuss supplier naming conventions and supplier site naming conventions. (Choose three.)
A. Agree upon naming conventions.
B. Gather only the Payables and Purchasing personnel.
C. Document conventions and obtain the sign-off by authorized approvers later.
D. Document conventions and obtain the sign-off by authorized approvers immediately.
E. Gather all interested parties for requirements-including Assets, Payables and Purchasing.
Answer: ADE
QUESTION 99
The rate variance Gain/Loss accounts specified in the Financial Options – Accounting region are used to account for ____.
A. exchange rate variance in invoices and payments
B. invoice price variance in purchase orders and invoices
C. exchange rate variance for expense items in purchase orders and invoices
D. exchange rate variance for inventory items in purchase orders and invoices
Answer: D
QUESTION 100
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.
Answer: A
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)
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