Online Access Free 1Z0-517 Practice Test

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

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

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

Identify the statement that reflects the functionality of the Create Accounting Process.

• A.The Create Accounting Process is used to create subledger accounting entries and transfer the transactions to General Ledger.
• B.The Create Accounting Process is used to create subledger accounting entries, and transfer and post the transactions to General Ledger.
• C.The Create Accounting Process creates subledger accounting entries.
• D.You can use the Create Accounting Process to create subledger accounting entries and validate the invoices.

Identify three key accounts to be considered during the implementation of Payables that impacts the reconciliation of the accounts payable liability accounts. (Choose three.)

• A.expense AP accrual account
• B.accrual charge account
• C.receiving accrual account
• D.receiving inventory account
• E.inventory AP accrual account
• F.accrued Payables account
• G.AP liability account

You have received an invoice that requires an immediate payment. The next scheduled check run is not until the end of the week. Which two methods may you use to create the payment? (Choose two.)

• A.Enter the invoice in the Invoice Workbench, validate the invoice, and select pay in full. This accesses the Payment Workbench and creates a quick payment.
• B.Enter the invoice in the Invoice Workbench, and validate the invoice. Open the Payment Workbench and create a quick payment.
• C.Enter the invoice in the Invoice Workbench, validate the invoice, and select pay in full. This accesses the Payment Workbench and creates a manual payment.
• D.Enter the invoice in the Invoice Workbench, and validate the invoice. Open the Payment Workbench and create a manual payment.