1Z0-517 | how many questions of 1Z0-517 vce?
Q101. Which four attributes are validated during the Journal Import process? (Choose four.)
A. period
B. approval level
C. balanced journal
D. cross-validation rule
E. account combination
F. journal sequence number
Answer: ACDE
Q102. You are working on a multi organization accounts payable implementation with several 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
Q103. A reversing journal entry can be posted into _____.
A. a current or any future open period
B. a past closed period and a current open period
C. a current open period and a never-opened period
Answer: A
Q104. Select two steps that are NOT elements of creating a Financial Statement Generator (FSG) report in Oracle General Ledger (Choose two.)
A. Attach the fiscal calendar.
B. Define rows and columns.
C. Build a report by using rows and columns.
D. Specify the default ledger for ledger sets.
E. Determine which rows and columns make up your report.
Answer: AD
Q105. Exhibit:
ABC.com has these due dates for its invoices:
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
Q106. Scott, a consultant with a leading consulting firm, is implementing Oracle General Ledger at a client site and is setting up FSG reports to be used by different users.
One of the customer requirements is that all users with modify access must not be able to modify privileges on FSG reports. Identify the correct option to meet customer requirements.
A. Enable the security on definition by selecting the enable security check box.
B. Remove the security on definition by deselecting the enable security check box.
C. Exclude the assign access function for those definitions from the user's responsibility.
D. Define security rules and specify what actions can be performed by each user or a group of users.
E. Set up profile options against each user and specify what actions can be performed by each user or a group of users.
Answer: C
Q107. 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
Q108. 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
Q109. To manually enter tax details for an item, freight, miscellaneous, or prepayment lines, you must complete seven fields. Name three. (Choose three.)
A. industry
B. tax amount
C. tax regime
D. commodity
E. supplier site
Answer: BCE
Q110. 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