Oracle EBS R12.1 Payables Essentials: 1Z1-517 Exam Premium File as PDF & Test Engine

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Oracle EBS R12.1 Payables Essentials Sample Questions:

Question 1

Select three processes that must be performed before closing the purchasing period. (Choose three.)

A. Run the Purchasing Account Analysis Report.
B. Process the remaining inventory transactions.
C. Run Transfer Journal Entries to the GL program from Receiving.
D. Process period-end receipt accruals.
E. Run and review the Uninvoiced Receipts Report.

Question 2

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

A. The Withholding Tax Invoice Description field does NOT include the invoice that the withholding tax invoice is associated with.
B. You can set up a special calendar to define periods that Payables uses for automatic withholding tax.
C. There can be multiple withholding tax codes with multiple tax authorities assigned to a group.
D. The Withholding Tax Group default in from the supplier or supplier site.
E. The Withholding Tax Report is prepared by suppliers.

Question 3

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

A. If the expense report export files, the report may be modified and the Expense Report Export program may be rerun.
B. Expense reports entered in Payables are visible only in Payables.
C. Payables records the source of and details about invoices.
D. Expense reports entered in Internet Expenses are visible in Payables.
E. Payables can export and expense a report many times.
F. Unapproved expense reports can be exported for approval in Payables.

Question 4

During the cutover phase of a project to implement Oracle E-Business Suite Release 12, you are responsible for converting historical account balances into Oracle General Ledger from a legacy system. There is no Account Code Combination setup in the Production Instance.
Identify the setup in the Accounting Key Flexfield structure that is required to perform this conversion.

A. The Key Flexfield Segments have to be enabled and displayed.
B. Qualify one of the Segments as the Balancing Segment.
C. Define Value Sets and assign them to Segments.
D. Define Segments in the Accounting Flexfield structure.
E. Select the "Allow Dynamic Inserts" check box in the Accounting Key Flexfield structure.

Question 5

Identify three statements that properly describe the use of distribution sets. (Choose three.)

A. Use a distribution set to enter distributions for an invoice automatically when you are not matching it to a purchase order.
B. Assign a distribution set to an invoice when you enter it.
C. Use full distribution sets to create distributions with no set percentage amounts.
D. Use skeleton distribution sets to create distributions with set distribution amount.
E. Assign a default distribution set to a supplier site, so Payables will use it for every invoice you enter for that supplier site.

Solutions: