Download Oracle.1z0-517.CertKey.2020-01-21.82q.vcex

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Exam Oracle EBS R12.1 Payables Essentials
Number 1z0-517
File Name Oracle.1z0-517.CertKey.2020-01-21.82q.vcex
Size 69 KB
Posted Jan 21, 2020
Download Oracle.1z0-517.CertKey.2020-01-21.82q.vcex

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Demo Questions

Question 1

You are at a client site that has thousands of suppliers in their current legacy system that will end up in the Oracle Production system. Before conversion, you must perform a supplier cleanup on these numerous names and sites. 
Which three naming conventions would you use for “Best Practices” during the supplier cleanup? (Choose three.)


  1. Use Last Name, First Name to identify employees as suppliers.
  2. Create some supplier names in uppercase and others in mixed case.
  3. Use abbreviations in the supplier name even it is not abbreviated on the invoice.
  4. Remove all punctuation masrks (commas, periods, and so on) from the supplier name.
  5. Use the exact spelling of a supplier name as it appears on the invoice for the naming convention.
Correct answer: ADE



Question 2

Identify the item that requires approval through the workflow process.


  1. Invoices not matched to a purchase order.
  2. Invoices that existed before you enabled the feature
  3. expense reports imported through the Payables Expense Report Import Program
  4. recurring invoices if the recurring invoice template did not have the Approval Workflow Required option enabled
Correct answer: A



Question 3

If you are using the multiple-organization support feature, select three items that you cannot enter at the supplier level, but only at the supplier-site level. (Choose three.)


  1. distribution set
  2. receipt routing
  3. liability account
  4. match approval level
  5. prepayment account
Correct answer: ACE



Question 4

You can hold the payment of an entire invoice or part of an invoice. This hold prevents a validated invoice from being selected in a Payment Batch, and paid. 
Identify the Payables window where you can select the Hold check box to place the invoice on a Payment Hold.


  1. Enter Payments
  2. Invoice Overview
  3. Invoice Distributions
  4. Scheduled Payments
Correct answer: D



Question 5

Assume that the withholding tax is calculated at the invoice payment time and the withholding tax rate is 20%. Identify three statements with the correct withholding tax calculations. (Choose three.)


  1. invoice amount $500, withholding tax $100 (20% of $500)
  2. invoice amount $400, prepayment invoice for $200, withholding tax $4 (20% of $200)
  3. invoice amount $600, prepayment invoice for $100, withholding tax $12 (20% of $600)
  4. invoice amount $500, prepayment invoice for $250, withholding tax $50 (20% of $500 – $250)
  5. invoice amount $600, prepayment invoice for $100, withholding tax $100 (20% of $600 – $100)
Correct answer: ADE



Question 6

Identify three open interfaces used to import data into Payables from other applications or third-party solutions. (Choose three.)


  1. Payables Lease Open Interface
  2. Payables Pcard Open Interface
  3. Payables Supplier Open Interface
  4. Payables iSupplier Open Interface
  5. Payables Payments Open Interface
  6. Payables Credit Card Open Interface
Correct answer: BCF



Question 7

Payable lists four seeded payment methods. They are check, outsourced check, electronic, and wire. 
Choose the correct description for wire.


  1. a paper check to print and send to a supplier
  2. an EFT, EDI, or XML to the bank of a supplier
  3. a funds transfer initiated by contracting the bank and requesting wire payment to the bank of a supplier.
  4. transmission of payment information to an external party, such as your bank, that prints checks on your behalf.
Correct answer: C



Question 8

Here are four examples of Payments. Three are temporary prepayments. Select the permanent prepayment.


  1. A supplier sends you an expense report.
  2. Another supplier is paid for a lease deposit for which you do not expect to be invoiced.
  3. Another supplier sends you an invoice referencing a prepayment, so that the hotel catering bill may be paid.
  4. Another supplier sends an invoice that references a prepayment. The supplier further reduces the amount of the invoice by the amount of the prepayment and tax.
Correct answer: A



Question 9

You are creating new suppliers for XYZ Corp. Identify four regions that are entered only at the supplier level. (Choose four.)


  1. surveys
  2. tax details
  3. organization
  4. address book
  5. contact directory
  6. invoice management
  7. products and services
Correct answer: BCDE



Question 10

Select the three windows where a user can manually release an invoice hold or payment hold. (Choose three.)


  1. Holds
  2. Actions
  3. Invoice Lines
  4. All Distributions
  5. Scheduled Payments
Correct answer: ABE









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