Free Oracle 1Z0-517 Exam Dumps Questions & Answers

ABC Corp. has the following Organization Structure:
* Legal Entity: A
* Operating Units: B and C
* Balancing Entities: 10, 20, and 30
Identify three correct statements regarding the Balancing Entity. (Choose three.)

• A.  Balancing Entities can be secured at the Operating Unit level through Security Rules.
• B.  There can be multiple Balancing Entities within an Operating Unit.
• C.  Balancing Entity is the lowest postable unit in the Chart of Accoutns.
• D.  Balancing Entities can be automatically secured at the Legal Entity level.
• E.  Each Balancing Entity must balance within itself.

Subledger Accounting is a rule-based accounting engine that centralizes accounting for Oracle E-Business Suite Release 12 products.
Select the Oracle application that is NOT a Subledger Accounting module.

• A.  Payables
• B.  Receivables
• C.  General Ledger
• D.  Assets
• E.  Purchasing

Which four statements are true about modifying selected invoices in a pay run? (Choose four.)

• A.  You can create a negative-amount payment to clear a credit memo.
• B.  You can remove all invoices for a particular supplier site.
• C.  You can modify the payment or discount amounts for a selected invoice.
• D.  You can create a zero-amount payment for a supplier site.
• E.  Payables automatically build payments after you modify a pay run.

As part of its closing process, XYZ Corporation reviews receipt accruals. Occasionally, Payables matches incorrectly, and therefore they find that some perpetual accruals never clear, leaving reconciliation items on their accrual reports.
Which two actions can they perform to solve the problem? (Choose two.)

• A.  Run the Matching Hold Detail Report to identify the receipt that has not cleared and use the Write-Off window to remove the item from reappearing on subsequent reports. Create a manual journal entry in General Ledger to clear the accrual.
• B.  Run the Uninvoiced Receipts Report to identify the receipt accrual that has not cleared and create a manual journal entry in General Ledger to clear the receipt from the report.
• C.  Reverse the invoice distributions and rematch if possible.
• D.  Run the Accrual Rebuild Reconciliation Report to identify the receipt accrual that has not cleared and use the Write-Off window to remove the item from reappearing on subsequent reports. Create a manual journal entry in General Ledger to clear the accrual.

The Payments Manager in Oracle Payables is a module that comprises five components, and is used to create multiple payments.
Identify the one component that is NOT found in the Payments Manager.

• A.  templates
• B.  refunds
• C.  payments dashboard (home)
• D.  payment instructions
• E.  payment process requests
• F.  payments