Online Access Free 1Z0-517 Practice Test

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

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

Identify four purposes for which the Special Calendar is used. (Choose four.)

• A.opening and closing payables periods
• B.payment terms
• C.recurring invoices
• D.controlling the number of future periods
• E.automatic tax withholding
• F.Key Indicators Report

Identify two values that the Reporting Level parameter can have when using cross organization reports with the Multi-Org Access Control feature. (Choose two.)

• A.Ledger
• B.Business Group
• C.Legal Entity
• D.Security Profile
• E.Operating Unit

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

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