Oracle 1Z0-517 Certification Sample Questions and Answers

1Z0-517 PDF, 1Z0-517 Dumps PDF Free Download, 1Z0-517 Latest Dumps Free PDF, E-Business Suite Payables Essentials PDF DumpsThe Oracle E-Business Suite Payables Essentials (1Z0-517) Sample Question Set is designed to help you prepare for the Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist - Oracle Payables (OCS) certification exam. To become familiar with the actual Oracle Certification exam environment, we suggest you try our Sample Oracle 1Z0-517 Certification Practice Exam.

This Oracle E-Business Suite R12.1 Payables Essentials certification sample practice test and sample question set are designed for evaluation purposes only. If you want to test your Oracle 1Z0-517 knowledge to identify your areas of improvement and get familiar with the actual exam format, we suggest you prepare with the Premium Oracle E-Business Suite 12 Financial Management Certified Implementation Specialist - Oracle Payables (OCS) Certification Practice Exam. Our team of Oracle E-Business Suite Financial Management experts has designed Questions-Answers for this premium practice exam by collecting inputs from recently certified candidates. Our premium Oracle 1Z0-517 certification practice exam will boost your confidence as well as your actual Oracle E-Business Suite Payables Essentials exam result.

Oracle 1Z0-517 Sample Questions:

01. Select two actions available in Oracle General Ledger.
(Choose two.)
a) deleting posted journals
b) exporting data to subsidiary ledgers
c) importing data from subsidiary ledgers
d) consolidating balances in subsidiary ledgers
e) consolidating balances from multiple ledgers
 
02. Identify three ways that an invoice can be submitted for validation.
(Choose three.)
a) online by clicking the Validate button in the Invoice Batches window
b) online by clicking the Validate and Account button in the Invoice Batches window
c) in batch by submitting the Payables Invoice Validation program from the Invoice Workbench
d) in batch by submitting the Payables Invoice Validation program from the Submit Request window
e) online by selecting either the Validate check box or the Validate Related Invoices check box in the Invoice Actions window
 
03. Which event reverses an accrual for an item set to accrue on receipt?
a) paying an invoice
b) delivering goods to a final destination
c) running the Receipt Accruals - Period-end process
d) matching an invoice in Payables to a purchase order
 
04. A table has 15 Attribute columns to capture additional information. The attributes 1-12 are set up in the Descriptive Flexfield as Global Segments.
How many attributes can be set up under any new context?
a) 1
b) 3
c) 15
d) 12
e) 11
 
05. Identify two types of inquiries that are possible on ledger sets.
(Choose two.)
a) variance inquiry
b) summary template and summary account inquiries
c) a budget balance inquiry to view the budgeted figures
d) an account inquiry on ledger sets to view actual accounts balances across multiple ledgers that are assigned to a ledger set
e) an account inquiry on ledger sets to view encumbrance account balances across multiple ledgers that are assigned to a ledger set
 
06. You are creating new suppliers for XYZ Corp. Identify four regions that are entered only at the supplier level.
(Choose four.)
a) surveys
b) tax details
c) organization
d) address book
e) contact directory
f) invoice management
g) products and services
 
07. The manual payment method is best described as the method of ____.
a) paying multiple checks in a pay run
b) paying a single check within Payables
c) manually writing a check outside of Payables
d) recording a payment made outside of Payables
 
08. Which journal entry type does General Ledger automatically reverse and post?
a) actuals
b) budgets
c) actuals and budgets
d) budgets and encumbrance
e) actuals, budgets, and encumbrance
 
09. For each subledger, there must be one _____.
a) journal type
b) account type
c) journal source
d) journal category
 
10. All manual journal entries are defaulting to a non-current period. Which step was omitted from the accounting cycle?
a) updating the period
b) posting journal entries
c) consolidating financials
d) reversing journal entries
e) translating foreign balances

Answers:

Question: 01

Answer: c, e

Question: 02

Answer: a, d, e

Question: 03

Answer: d

Question: 04

Answer: b

Question: 05

Answer: d, e

Question: 06

Answer: b, c, d, e

Question: 07

Answer: d

Question: 08

Answer: a

Question: 09

Answer: c

Question: 10

Answer: a
Rating: 5 / 5 (82 votes)