1Z0-517 Online Practice Questions and Answers

Select three statuses of the consolidation workbench. (Choose three.)

A. posted

B. entered

C. exported

D. reversed

E. transferred

Flavour Inc. in the United Kingdom has a subsidiary in India known as Spices Inc. Flavour Inc. has a four-

segment chart of accounts, whereas Spices Inc. has a five-segment chart of accounts. Select three

statements that apply to consolidating ledgers with different charts of accounts.

(Choose three.)

A. Only one action can be defined per parent segment.

B. Consolidations based on account rules process faster.

C. Consolidations based on segment rules process faster.

D. Segment rules override account rules if there is any conflict.

E. A segment rule action must be defined for each segment in the parent chart of accounts.

Choose three required steps while performing the accounting setup in the Accounting Setup Manager. (Choose three.)

A. Define operating units.

B. Update accounting options.

C. Complete the accounting setup.

D. Define intercompany balancing rules.

E. Create the accounting setup structure.

F. Assign balancing segment values to legal entities.

Michael is responsible for the accounting setup. Here is the list of accounts for the accounting setup structure mapped to their requirement.

1.

suspense account - suspense posting

2.

reserve for encumbrance account - exchange rate gain/loss

3.

non-postable net income account - average balance processing

4.

ledger currency balancing account - for using Oracle subledgers and balance subledger journals by the entered currency and balancing segment value

5.

entered currency balancing account - for using Oracle subledgers and balance foreign currency subledger journals by the ledger currency and balancing segment value

Identify two correct mappings of accounts. (Choose two.)

A. 1

B. 2

C. 3

D. 4

E. 5

You need to verify that your system has enough resources to handle the volume of accounts that would be

generated by the summary account template. The template has been designed as follows:

D-Region-D

The first segment is company, which has ten values.

The second segment is division, which is represented by the rollup group region. It has six parent values.

The last segment is account, which has 500 values.

How many summary accounts would be generated by the template?

A. 60

B. 500

C. 3,000

D. 5,000

E. 30,000

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.

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

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

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

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, the 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 chanaged 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.