Oracle EBS R12.1 Payables Essentials - 1Z0-517 Exam Practice Test

Question 1

Identify three features that speed up data entry. (Choose three.)

A. data loader

B. scan invoices

C. customized folders

D. account aliases

E. account distribution sets

Correct Answer: C,D,E

Question 2

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

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

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

C. a paper check to print and send to a supplier

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

Correct Answer: B

Question 3

Which three are true about internal bank accounts? (Choose three.)

A. They are defined for receiving payment from customers.

B. They are defined to disburse funds to suppliers.

C. Internal accounts define bank accounts for which you are the account holder.

D. They are defined for receiving electronic payments made to your suppliers.

E. They are defined to disburse electronic payments from your customers.

Correct Answer: A,B,C

Question 4

Identify three true statements about the invoice approval workflow. (Choose three.)

A. If the invoice amount is chanaged after the invoice is already submitted to the approval process or after the process is complete, the system does not automatically resubmit the invoice for approval.

B. If an approver does not respond within the time you specify, Workflow routes the invoice back to the originator.

C. If an approver approves the invoice, the invoice goes to the next person in the approver list until all required people approve the invoice.

D. If an approver does not respond within the time you specify, the Workflow requests approval from that person's manager.

E. If an approver rejects the invoice, the Workflow program ends.

Correct Answer: C,D,E

Question 5

Employee information in Oracle E-Business Suite Release 12 is partitioned by _____.

A. Business Group

B. Inventory Organization

C. Operating Unit

D. Legal Entity

E. HR Organization

Correct Answer: A

Question 6

Identify three statements that are true for electronic or wire payment. (Choose three.)

A. Payables does not require supplier bank account information for a wire payment.

B. A wire payment validates the supplier's bank details.

C. Electronic payment instructs the bank to make payment to a supplier bank account.

D. Supplier banks must be assigned to the supplier for electronic payment.

E. More bank accounts for a supplier or supplier site can be added.

Correct Answer: A,C,D

Question 7

Identify the statement that reflects the functionality of the Create Accounting Process.

A. The Create Accounting Process is used to create subledger accounting entries and transfer the transactions to General Ledger.

B. The Create Accounting Process is used to create subledger accounting entries, and transfer and post the transactions to General Ledger.

C. You can use the Create Accounting Process to create subledger accounting entries and validate the invoices.

D. The Create Accounting Process creates subledger accounting entries.

Correct Answer: D

Question 8

Identify three features of a Balancing Entity. (Choose three.)

A. A Balancing Entity is represented as a balancing segment value in the accounting flexfield structure.

B. Balance sheets are prepared for a Balancing Entity.

C. Oracle E-Business Suite Release 12 automatically secures balancing segment values within your chart of accounts with specific Legal Entities or Operating Units.

D. A Legal Entity may comprise one or more than one balancing segments.

E. Multiple Balancing Entities within the same Operating Unit structure is not supported.

Correct Answer: A,B,D

Oracle EBS R12.1 Payables Essentials - 1Z0-517 Exam Practice Test

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