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Oracle EBS R12.1 Payables Essentials

Last Update 17 hours ago Total Questions : 137

The Oracle EBS R12.1 Payables Essentials content is now fully updated, with all current exam questions added 17 hours ago. Deciding to include 1z0-517 practice exam questions in your study plan goes far beyond basic test preparation.

You'll find that our 1z0-517 exam questions frequently feature detailed scenarios and practical problem-solving exercises that directly mirror industry challenges. Engaging with these 1z0-517 sample sets allows you to effectively manage your time and pace yourself, giving you the ability to finish any Oracle EBS R12.1 Payables Essentials practice test comfortably within the allotted time.

Question # 21

Which two statements are true regarding partitioning of data by an application? (Choose two.)

A.

General Ledger is partitioned by Ledgers.

B.

Accounts Payable is partitioned by Ledgers.

C.

Fixed Assets are partitioned by Operating Unit.

D.

Accounts Receivable is partitioned by Operating Unit.

E.

Order Management is partitioned by Inventory Organization.

Question # 22

Company XYZ has received an invoice that includes freight charges. They want to distribute the freight charges proportionately to the same accounts that were charged for the items.

Identify the steps they need to follow to create the freight distributions.

A.

Manually enter freight-type distributions for each account that was charged.

B.

Enable Automatically Create Freight Distribution in the invoice region in the Payables Options window.

C.

Create a freight distribution by selecting the Create Freight Distribution check box in the Invoices window.

D.

In the Distributions window, click the Allocate button, identify the distribution type as Freight, select Prorate, and select the distributions to which freight charges would be allocated.

Question # 23

There are numerous Oracle Modules that are integrated into or out of the Payables module.

Identify four Oracle modules that are directly integrated with Oracle Payables. (Choose four.)

A.

Loans

B.

Purchasing

C.

Bill of Materials

D.

E-Business Tax

E.

Order Management

F.

Cash Management

G.

System Administrator

Question # 24

Company ABC has implemented Oracle Payables. They have decided to define supplier bank accounts. They will use payment batches, quick payments, and manual payment processing.

Select three payment methods that are available based on the company’s requirements. (Choose three.)

A.

wire

B.

check

C.

clearing

D.

electronic funds transfer (EFT)

E.

electronic data interchange (EDI)

F.

extensible markup language (XML)

Question # 25

The Expense Report Export program converts expense reports into invoices. Identify three statements about the export process and expense reports. (Choose three.)

A.

Payables can export and expense a report many times.

B.

Payables records the source of and details about invoices.

C.

Expense reports entered in Payables are visible only in Payables.

D.

Expense reports entered in Internet Expenses are visible in Payables.

E.

Unapproved expense reports can be exported for approval in Payables.

F.

If the expense report export files, the report may be modified and the Expense Report Export program may be rerun.

Question # 26

A Ledger is a financial reporting entity. What is new in Oracle E-Business Suite Release 12 that facilitates generation of accounting entries?

A.

Ledger

B.

Chart of Accounts

C.

Multi-Org Structure

D.

Accounting Convention

E.

Financial Accounting Calendar

Question # 27

In the Multi-Org model, which organization type is the highest level that impacts accounting?

A.

Ledger

B.

Operating Unit

C.

Business Group

D.

GRE/Legal Entity

E.

Inventory Organization

Question # 28

Identify two features of an “Independent” value set. (Choose two.)

A.

There is a predefined list of values for a segment.

B.

The values are stored in a product applications table.

C.

The values are stored in an Oracle Application Object Library table.

D.

You can enter a value other than those in the predefined list of values.

Question # 29

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

Question # 30

Which two statements are true regarding ownership of shared entities? (Choose two.)

A.

Items is owned by Oracle Purchasing, whereas Locations is owned by Oracle Receivables.

B.

Suppliers is owned by Oracle Purchasing, whereas Units of Measure is owned by Oracle Inventory.

C.

Ledger is owned by Oracle General Ledger, whereas Locations is owned by Oracle Human Resources.

D.

Customers is owned by Oracle Human Resources, whereas Locations is owned by Oracle Receivables.

E.

Sales Force is owned by Oracle Order Management, whereas Employees is owned by Oracle Human Resources.

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