File Info
| Exam | Oracle EBS R12.1 Payables Essentials |
| Number | 1z0-517 |
| File Name | Oracle.1z0-517.CertKey.2019-04-11.35q.vcex |
| Size | 292 KB |
| Posted | Apr 11, 2019 |
| Download | Oracle.1z0-517.CertKey.2019-04-11.35q.vcex |
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Demo Questions
Question 1
Identify three considerations for implementing internal controls for payment processing. (Choose three.)
- physical security
- fewer payment runs
- amend payment methods
- proper segregation of duties
- credentials of the payment processing staff
Correct answer: BDE
Question 2
You are creating new suppliers for XYZ Corp. Identify four regions that are entered only at the supplier level. (Choose four.)
- surveys
- tax details
- organization
- address book
- contact directory
- invoice management
- products and services
Correct answer: BCDE
Question 3
Select the three windows where a user can manually release an invoice hold or payment hold. (Choose three.)
- Holds
- Actions
- Invoice Lines
- All Distributions
- Scheduled Payments
Correct answer: ABE
Question 4
Identify three features of Payment Manager. (Choose three.)
- updates a supplier’s bank details
- provides calculation of the interest amount
- uses templates to select invoices to pay that meet the payment criteria
- creates payment process request templates by specifying invoice selection criteria
- automatically submits invoices via payment process requests to Oracle Payments for processing and payment
Correct answer: CDE
Question 5
You have received an invoice that requires an immediate payment. The next scheduled check run is not until the end of the week. Which two methods may you use to create the payment? (Choose two.)
- Enter the invoice in the Invoice Workbench, and validate the invoice. Open the Payment Workbench and create a quick payment.
- Enter the invoice in the Invoice Workbench, and validate the invoice. Open the Payment Workbench and create a manual payment.
- Enter the invoice in the Invoice Workbench, validate the invoice, and select pay in full. This accesses the Payment Workbench and creates a quick payment.
- Enter the invoice in the Invoice Workbench, validate the invoice, and select pay in full. This accesses the Payment Workbench and creates a manual payment.
Correct answer: AC
Question 6
What are the three prerequisites for interfacing Payables invoice lines with Assets? (Choose three.)
- The invoice has no holds.
- The invoice must be posted to General Ledger.
- The invoice has been transferred to General Ledger.
- The invoice distribution has “Track as Asset” selected.
- The distribution account is an Asset Clearing or CIP account.
Correct answer: CDE
Question 7
Identify the one invoice field that is NOT used on the Lines Tab.
- type
- ship to
- amount
- description
- distribution set
- trading partner
- distribution account
Correct answer: F
Question 8
To enter manual tax lines on invoices, enable manual tax options in E-Business Tax. Select three setup options for manual tax lines. (Choose three.)
- Regime
- Event Class
- Regime, Tax
- Configuration Owner
- Tax – Controls and Defaults
- Regime, Tax, Tax Jurisdiction
Correct answer: BDE
Question 9
Which three are true about internal bank accounts? (Choose three.)
- They are defined to disburse funds to suppliers.
- They are defined for receiving payment from customers.
- They are defined to disburse electronic payments from your customers.
- They are defined for receiving electronic payments made to your suppliers.
- Internal accounts define bank accounts for which you are the account holder.
Correct answer: ABE
Question 10
As part of its closing process, XYZ Corporation reviews receipt accruals. Occasionally, Payables matches incorrectly, and therefore they find that some perpetual accruals never clear, leaving reconciliation items on their accrual reports.
Which two actions can they perform to solve the problem? (Choose two.)
- Reverse the invoice distributions and rematch if possible.
- Run the Uninvoiced Receipts Report to identify the receipt accrual that has not cleared and create a manual journal entry in General Ledger to clear the receipt from the report.
- Run the Matching Hold Detail Report to identify the receipt that has not cleared and use the Write-Off window to remove the item from reappearing on subsequent reports. Create a manual journal entry in General Ledger to clear the accrual.
- Run the Accrual Rebuild Reconciliation Report to identify the receipt accrual that has not cleared and use the Write-Off window to remove the item from reappearing on subsequent reports. Create a manual journal entry in General Ledger to clear the accrual.
Correct answer: AD
