Free Oracle 1Z1-517 Exam Dumps Questions & Answers

Identify three options available to manage cash requirements. (Choose three.)

• A.  Select Payment Terms.
• B.  Narrow the selection of invoices in pay run.
• C.  Change Pay Groups.
• D.  Include Only Due.
• E.  Select additional Pay Through Days.

Your client, Company A, has three requirements:
1. Asset invoices are entered in the Payables daily, but assets are transferred to Oracle Assets only once per week.
2. Payables journal entries have to be transferred to GL at least once per month for reporting purposes.
3. Oracle Projects balances must be updated once every month.
4. Payment batches must be processed daily.
On the basis of the above requirements, what would be the minimum recommended frequency of running the Transfer to GL program?

• A.  weekly
• B.  daily
• C.  monthly
• D.  once every two weeks

Identify three statements that are true about processing automatic withholding tax invoices and payments. (Choose three.)

• A.  Withholding distributions for a paid invoice can be reversed.
• B.  Payables uses the supplier number as an invoice number for the tax authority's invoice.
• C.  Withholding tax distributions are automatically created during invoice validation or payment processing.
• D.  If an invoice is paid or partially paid, withholding distribution cannot be reversed.
• E.  Payables automatically creates a withholding type distribution when a withholding tax group is entered in the Invoices window.

A client has a requirement for their Payables applications:
1) AP must automatically create balancing accounting entries for invoice and payment transactions by using the expense GL Account.
2) Stop the application of a prepayment amount to an invoice or expense report amount that is charged to a different balancing segment.
Which two steps would satisfy both these requirements? (Choose two.)

• A.  Enable the "Prevent Prepayment Application Across Offset Segments" option.
• B.  Set the "Automatic Offset Method" to Accrual.
• C.  Enable the "Prevent Prepayment Application Across Account Segments" option.
• D.  Enable the "Prevent Prepayment Application Across Balancing Segments" option.
• E.  Set the "Automatic Offset Method" to Balancing.
• F.  Set the "Automatic Offset Method" to Account.

ABC Corp. has set up the Asset Category Key Flexfield. It has also set up a Descriptive Flexfield to store vehicle information associated with the asset category "Vehicle." Identify two correct statements. (Choose two.)

• A.  The Descriptive Flexfield attributes are associated with tables in the Oracle Assets module.
• B.  The setting up of the Descriptive Flexfield is mandatory.
• C.  The Asset Category Flexfield is owned by the Oracle Assets module.
• D.  Only the Asset Category Key Flexfield is associated with tables in the Oracle Assets module.