1Z0-517 | What Tested 1Z0-517 exam question Is?
Q51. Which three are true about internal bank accounts? (Choose three.)
A. They are defined to disburse funds to suppliers.
B. They are defined for receiving payment from customers.
C. They are defined to disburse electronic payments from your customers.
D. They are defined for receiving electronic payments made to your suppliers.
E. Internal accounts define bank accounts for which you are the account holder.
Answer: ABE
Q52. Select three statuses of the consolidation workbench. (Choose three.)
A. posted
B. entered
C. exported
D. reversed
E. transferred
Answer: ADE
Q53. Identify three statements that are true about processing automatic withholding tax invoices and payments. (Choose three.)
A. Withholding distributions for a paid invoice can be reversed.
B. If an invoice is paid or partially paid, withholding distribution cannot be reversed.
C. Payables uses the supplier number as an invoice number for the tax authority's invoice.
D. Withholding tax distributions are automatically created during invoice validation or payment processing.
E. Payables automatically creates a withholding type distribution when a withholding tax group is entered in the Invoices window.
Answer: BDE
Q54. What is a benefit of the secondary tracking segment?
A. Additional security ensures that correct accounts are selected while entering transactions.
B. The Management segment is enabled automatically when the secondary segment is defined.
C. More details are provided to retained earnings, cumulative translation adjustments, and revaluation gains/losses accounts.
Answer: C
Q55. 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
Q56. Your company accrues expense items at period end. Identify the report that must be generated before you run your receipts' accrual period-end process.
A. Accrual Write-Off
B. Uninvoiced Receipts
C. Mass Additions Create
D. Accounts Payable Trial Balance
Answer: B
Q57. Which two statements are true about defining payment documents? (Choose two.)
A. Checks and electronic payments are examples of payment documents.
B. Credit and debit memos and checks are examples of payment documents.
C. You can create only one payment document for each internal bank account.
D. You must create at least one payment document before you can use a bank account to create invoice payments.
E. Use the Payment Documents window to define payment documents for internal, customer, and supplier bank accounts.
Answer: AD
Q58. Where do you define the attribute that determines whether you will accrue expense items at receipt or at period end?
A. System Options
B. Financial Options
C. Payables Options
D. Purchasing Options
E. Payables System Setup Options
Answer: D
Q59. You are implementing Oracle General Ledger at ABC Enterprises. ABC Enterprises is a legal entity and must perform corporate and statutory reporting. It operates in a country that requires companies to have two complete ledgers: one for statutory reporting and another for corporate reporting. Identify the best option for primary and secondary ledgers.
A. Use the primary ledger to satisfy corporate reporting requirements, and then use a secondary ledger to satisfy statutory reporting requirements.
B. Use the primary ledger to satisfy statutory reporting requirements, and then use a secondary ledger to satisfy corporate reporting requirements.
C. Use the primary ledger to satisfy corporate reporting requirements, and then use an adjustment-only secondary ledger to satisfy statutory reporting requirements.
D. Use the primary ledger to satisfy statutory reporting requirements, and then use an adjustmentonly secondary ledger to satisfy corporate reporting requirements.
Answer: A
Q60. 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