oracle 1z0-517 practice test

Oracle E-Business Suite 12: Oracle Payables Essentials Exam

Question 1

Identify the three levels that a Pay Group may be assigned. (Choose three.)

  • A. invoice
  • B. supplier
  • C. supplier’s site
  • D. payment type
  • E. purchase order



Question 2

A client is implementing ACH and has a business requirement that all invoices go through an
approval process flow.
Identify three features of the Invoice Approval Workflow that would meet their requirement.
(Choose three.)

  • A. allows automatic resubmission of an invoice if rejection occurs
  • B. has predefined criteria to identify which invoices require approval
  • C. allows approval routing management from one central responsibility
  • D. provides automatic routing of invoices upon approval to another designated approver
  • E. allows for corrections to invoices to be made while still in the approval routing process
  • F. provides time limits as to how long an invoice can remain unapproved before being automatically rerouted to the next approver



Question 3

With Oracle Cash Management, you can reconcile payments created in Payables to your bank
statements. Which you reconcile payments using Oracle Cash Management, Cash Management
updates the status of payments.
Select the new status.

  • A. issued
  • B. updated
  • C. negotiable
  • D. reconciled



Question 4

ABC Corporation has closed their APR-XX accounting period. The APR-XX period started on 27-MAR-
20XX and ended 26-APR-20XX. They have run the Posted Invoice Register, the Posted Payments
Register, and two Accounts Payable Trial Balance Reports (as of 30-MAR-20XX and 30-APR-20XX), but
they do not balance. Which two actions must be performed? (Choose two.)

  • A. Ensure that all invoices for the period are paid.
  • B. Check the dates on their Accounts Payable Trial Balance Reports.
  • C. Ensure that invoice and payment journals are posted in General Ledger.
  • D. Ensure that there are no unaccounted transactions in APR-XX by using the Unaccounted Transactions Report.



Question 5

Identify the table used to load procurement card transactions.

  • A. AP_Card_Codes
  • B. AP_Invoices_Interface
  • C. AP_Invoice_Lines_Interface
  • D. AP_Expense_Feed_Lines_All



Question 6

To transmit an electronic payment instruction manually, perform these four steps.
1. In the Payments Manager, select the Payment Instruction tab.
2. In the Status field of the Search region, select Formatted - Ready for Transmission and click the Go
3. For the applicable payment instruction, click the Take Action icon. The Transmit Payment
Instruction: <number> page is displayed.
4. From the Action drop-down list, select Transmit and click the Go button.
Arrange the steps in the proper sequence they would be performed.

  • A. 1, 3, 2, 4
  • B. 1, 2, 3, 4
  • C. 1, 3, 4, 2
  • D. 2, 3, 4, 1



Question 7

Which statement is true about paying invoices?

  • A. An invoice can be paid without being validated.
  • B. An invoice can be paid only after the invoice accounting entries are created.
  • C. An invoice must be validated before you can create invoice accounting entries.
  • D. Invoice accounting entries and payment accounting entries can be transferred at different times to General Ledger only if they are in different calendar periods.
  • E. Both invoice accounting entries and payment accounting entries must be transferred to General Ledger at the same time, if they are in the same calendar period.



Question 8

At your client site, the Payables period-close processes have been performed. The Payables transfer
to GL has been completed, and the resulting journal entries have been posted to GL. The current
Payables period has been closed.
The Accounts Payable Trial Balance (last day of prior period) + Posted Payments equals the Account
Payable Trial Balance (last day of the current period).
However, the balance in the AP liability account in GL for the current period does not equal the
Accounts Payable Trial Balance (last day of the current period). What is the possible reason?

  • A. Inventory has not closed for the current period.
  • B. Purchasing has not closed for the current period.
  • C. Period-end accrual journals have been reversed in GL.
  • D. Manual journals have been posted to the AP liability account in the current period in GL.



Question 9

Company XYZ has received an invoice that includes freight charges. They want to distribute the
freight charges proportionately to the same accounts that were charged for the items.
Identify the steps they need to follow to create the freight distributions.

  • A. Manually enter freight-type distributions for each account that was charged.
  • B. Enable Automatically Create Freight Distribution in the invoice region in the Payables Options window.
  • C. Create a freight distribution by selecting the Create Freight Distribution check box in the Invoices window.
  • D. In the Distributions window, click the Allocate button, identify the distribution type as Freight, select Prorate, and select the distributions to which freight charges would be allocated.



Question 10

Company ABC has implemented Oracle Payables. They have decided to define supplier bank
accounts. They will use payment batches, quick payments, and manual payment processing.
Select three payment methods that are available based on the companys requirements. (Choose

  • A. wire
  • B. check
  • C. clearing
  • D. electronic funds transfer (EFT)
  • E. electronic data interchange (EDI)
  • F. extensible markup language (XML)


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