Free Oracle 1Z0-517 Practice Test & Real Exam Questions
Identify three functions that the Create Accounting program provides. (Choose three.)
Correct Answer: C,D,E
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Company Z has implemented Payables, General Ledger, and Project Accounting. Both Transfer to GL and Interface Supplier Costs are processed each night.
A descriptive flexfield called "SAI Value" has been defined on the invoice header to capture additional information, and is used in conjunction with the accounting on the invoices. This is not a required field. There is a corresponding user-defined hold called "SAI Hold", which is manually applied whenever an invoice is created and the "SAI Value" has not been provided to Company Z by the supplier.
During weekly reviews of accounting, users have found that invoice transactions that are on "SAI Hold" are displayed in Project Accounting but not in General Ledger. Select what is causing this issue.
A descriptive flexfield called "SAI Value" has been defined on the invoice header to capture additional information, and is used in conjunction with the accounting on the invoices. This is not a required field. There is a corresponding user-defined hold called "SAI Hold", which is manually applied whenever an invoice is created and the "SAI Value" has not been provided to Company Z by the supplier.
During weekly reviews of accounting, users have found that invoice transactions that are on "SAI Hold" are displayed in Project Accounting but not in General Ledger. Select what is causing this issue.
Correct Answer: B
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Identify the four resources that Oracle Technology Network (OTN) provides. (Choose four.)
Correct Answer: A,B,D,E
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Identify four setup options that control supplier defaults. (Choose four.)
Correct Answer: B,D,E,F
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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.)
Correct Answer: C,D
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Identify three features of a Value Set. (Choose three.)
Correct Answer: A,B,D
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A user has been assigned with five Operating Units in his or her security profile. The user transacts in three of those Operating Units, the remaining two are used occasionally.
The user can limit the list of values available to the three Operating Units by ________.
The user can limit the list of values available to the three Operating Units by ________.
Correct Answer: E
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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.)
* Legal Entity: A
* Operating Units: B and C
* Balancing Entities: 10, 20, and 30
Identify three correct statements regarding the Balancing Entity. (Choose three.)
Correct Answer: B,D,E
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Quick Match is one way to match an invoice to a purchase order. Use Quick Match to match invoices to open, unbilled purchase order lines. Quick Match matches shipments on a first in, first out (FIFO) basis.
Identify two ways that Quick Match is convenient to use when matching an invoice to a purchase order. (Choose two.)
Identify two ways that Quick Match is convenient to use when matching an invoice to a purchase order. (Choose two.)
Correct Answer: A,C
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XYZ Corporation uses Fixed Assets to manage their Asset transactions such as capitalizing, depreciating, adjusting, and retiring. After assets are purchased and the invoice is entered and accounted for, the company runs the Mass Additions Create process to send assets to Fixed Assets.
When the purchase order is written, which account must be specified on the purchase order distribution for the charge account?
When the purchase order is written, which account must be specified on the purchase order distribution for the charge account?
Correct Answer: C
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