Oracle EBS R12.1 Payables Essentials - 1Z1-517 Exam Practice Test

A. creates payment process request templates by specifying invoice selection criteria

B. automatically submits invoices via payment process requests to Oracle Payments for processing and payment

C. updates a supplier's bank details

D. uses templates to select invoices to pay that meet the payment criteria

E. provides calculation of the interest amount

A. after the payment process

B. before the Invoice Validation process

C. before the transfer information to GL process

D. after the Invoice Validation process

E. before the payment process

A. are defined in each oracle Application module separately

B. are referenced by several Oracle Application modules

C. are owned by a single Oracle Application module for table purposes only

D. are owned by a single Oracle Application module to designate the primary user or decision maker

E. enable one-time definition of objects

A. Enter the invoice in the Invoice Workbench, and validate the invoice. Open the Payment Workbench and create a quick payment.

B. Enter the invoice in the Invoice Workbench, validate the invoice, and select pay in full. This accesses the Payment Workbench and creates a manual payment.

C. Enter the invoice in the Invoice Workbench, validate the invoice, and select pay in full. This accesses the Payment Workbench and creates a quick payment.

D. Enter the invoice in the Invoice Workbench, and validate the invoice. Open the Payment Workbench and create a manual payment.

A. The invoice must be validated.

B. The invoice must have a different currency from that of the payment.

C. The invoice must have the same currency as the payment.

D. Create the payment outside Payables.

E. Create the payment inside Payables.

A. liability account

B. prepayment account

C. match approval level

D. distribution set

E. receipt routing

A. Cross Organization reports produce outputs across different Operating Units in a single report from a single responsibility.

B. Multiple Organization reports can be submitted for a Reporting Level of Ledger.

C. Cross Organization reports and multiple Organization reports are the same.

D. Multiple Organization reports produce outputs for different Operating Units in a single report output from a single responsibility.

E. Cross Organization reports can be submitted for a Reporting Level of Ledger.

F. Multiple Organization reports produce outputs for different Operating Units one at a time from a single responsibility.

A. Currency Rates Manager automatically converts all transactions entered in INR to GBP first and then to USD.

B. Currency Rates Manager automatically converts all transactions entered in INR to USD.

C. Currency Rates Manager automatically performs the calculation between USD and INR on the basis of cross-rate rules.

D. Sam must manually define the INR to USD rates first, to be able to enter transactions involving USD and INR currency.

E. Sam must manually define the USD to INR rates first, to be able to enter transactions involving USD and INR currency.