1Z0-517 Online Practice Questions and Answers

Identify four consolidation tools. (Choose four.)

A. Interface Data Transformer

B. Global Consolidation System

C. Global Intercompany System

D. Financial Statement Generator

E. Applications Desktop Integrator

XYZ Corporation has five segments in its accounting flexfield. For a special profit-and-loss report, they want to sort by the fourth segment, which is "product." Select the element that would meet this need.

A. row set

B. row order

C. content set

D. column set

Which report would provide information about the processing type (parallel or sequential) that may be defined for reports?

A. FSG Report Detail Listing

B. FSG Report Summary Listing

C. FSG Row Set Summary Listing

D. FSG Content Set Summary Listing

Select two valid statements that apply to chart of accounts structures for a global company. (Choose two.)

A. A segment of different chart of accounts structures can share the same value set.

B. A global chart of accounts is possible only if all sets of books for companies worldwide use the same chart of accounts structure.

C. If the same value set is used for two or more chart of accounts structures, the same security rules for that segment cannot be assigned to multiple structures.

D. It is possible to have multiple companies in the same set of books provided that they share the same chart of accounts structure, accounting calendar, and reporting currency.

Select two reasons to use reporting hierarchies instead of summary accounts. (Choose two.)

A. Use summarized data in journal formulas.

B. Summary relationships are not permanent.

C. Inquiry of summary amounts is done online.

D. The primary use for summarization is only for reports.

E. You can easily reorganize summary views in the future.of the posting process.

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

Which three restrictions apply when you are paying invoices with a "quick" payment type? (Choose three.)

A. You can select only those invoices that are due.

B. If you want to pay multiple invoices, none can be a pay-alone invoice.

C. If you want to pay multiple invoices, none can be of an invoice type of prepayment.

D. You can pay only as many invoices as you defined for the remittance advice of the payment document.

E. You can select only those invoices that have the same supplier site as the payment supplier site you enter.

Identify three Oracle E-Business Suite Release 12 applications that both integrate with Payables and provide Payables-related accounting information to Oracle Subledger Accounting. (Choose three.)

A. Oracle Assets

B. Oracle Leasing

C. Oracle Inventory

D. Oracle Receivables

E. Oracle Procurement

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

Select the four activities that are NOT part of the Payables closing process. (Choose four.)

A. confirm payment batches

B. close the Payables period

C. close the General Ledger period

D. process period-end receipt accruals

E. review the Uninvoiced Receipts Report

F. process the remaining Inventory transactions