1z0-517 Oracle EBS R12.1 Payables Essentials exact Exam Questions

Oracle EBS R12.1 Payables Essentials

Last Update 17 hours ago Total Questions : 137

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Question # 11

Payable lists four seeded payment methods. They are check, outsourced check, electronic, and wire.

Choose the correct description for wire.

a paper check to print and send to a supplier

an EFT, EDI, or XML to the bank of a supplier

a funds transfer initiated by contracting the bank and requesting wire payment to the bank of a supplier.

transmission of payment information to an external party, such as your bank, that prints checks on your behalf.

Question # 12

Identify two advantages of using Oracle Internet Expenses. (Choose two.)

It improves cycle times by routing expense reports via a workflow.

Expense reports that are entered using Internet Expenses are visible in Payables.

Enforcement of spending policy controls expenses, showing any policy deviations.

Expense report template attributes are defined in Internet Expenses to manage expense types.

Question # 13

With Oracle Cash Management, you can reconcile payments created in Payables to your bank statements. Which you reconcile payments using Oracle Cash Management, Cash Management updates the status of payments.

Select the new status.

issued

updated

negotiable

reconciled

Question # 14

Identify three ways that an invoice can be submitted for validation. (Choose three.)

online by clicking the “Validate” button in the Invoice Batches window

online by clicking the “Validate and Account” button in the Invoice Batches window

in batch by submitting the Payables Invoice Validation program from the Invoiсe Workbench

in batch by submitting the Payables Invoice Validation program from the Submit Request window

online by selecting either the Validate check box or the Validate Related Invoices check box in the Invoice Actions window

Question # 15

Purchasing has numerous activities that are performed as a key part of the Procure-to-Pay process.

Select three activities that are performed in the Purchasing module that will integrate into Payables. (Choose three.)

cancelling invoices

performing receiving

scheduling payments

creating purchase orders

creating purchase order detailed accounting information

Question # 16

Identify three statements that are true for creating withholding tax for standard, recurring, and prepayment invoices. (Choose three.)

The Withholding Tax Report is prepared by suppliers.

The Withholding Tax Group default in from the supplier or supplier site.

There can be multiple withholding tax codes with multiple tax authorities assigned to a group.

You can set up a special calendar to define periods that Payables uses for automatic withholding tax.

The Withholding Tax Invoice Description field does NOT include the invoice that the withholding tax invoice is associated with.

Question # 17

Which is the final step in processing a payment batch?

Cancel the payment batch.

Confirm the payment batch.

Validate the payment batch.

Run the create accounting process.

Transfer the batch to General Ledger.

Question # 18

Use the Invoice Tolerances window to define the matching tolerances you want to allow for variances among invoice, purchase order, and receipt information. You can define both percentage-based and amount-based tolerances. The system checks for these tolerances when Invoice Validation is run.

Select three types of purchase order-matching tolerances. (Choose three.)

Price %

Price Correction

Shipment Amount

Quantity Ordered %

Minimum Quantity Received

Question # 19

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.