Oracle 1Z0-517 Certification Exam Questions and Answers PDF - PDF document

Oracle 1Z0 - 517 Certification Exam Questions and Answers PDF Oracle 1Z0 - 517 Exam www.DBExam.com The Oracle E - Business Suite R12.1 Payables Essentials (1Z0 - 517) preparation guide helps you get focused on the exam. This guide also helps you stay on the 1Z0 - 517 exam track to get certified with a good score in the final exam. WWW.DBEXAM.COM PDF 1Z0 - 517: Oracle E - Business Suite R12.1 Payables Essentials 1 How to Prepare for 1Z0 - 517 Exam on Oracle E - Business Suite R12.1 Payables Essentials Certification? The Oracle E - Business Suite R12.1 Payables Essentials (1Z0 - 517) preparation guide helps you get focused on the exam. This guide also helps you stay on the 1Z0 - 517 exam track to get certified with a good score in the final exam. 1Z0 - 517 Oracle E - Business S uite R12.1 Payables Essentials Exam Summary Exam Name Oracle E - Business Suite R12.1 Payables Essentials Exam Code 1Z0 - 517 WWW.DBEXAM.COM PDF 1Z0 - 517: Oracle E - Business Suite R12.1 Payables Essentials 2 Exam Product Version Oracle E - Business Suite 12 and 12.1 Exam Price USD $245 (Price may vary by country or by localized currency) Duration 120 minutes Number of Questions 64 Passing Score 60% Format Multiple Choice Questions (MCQ) Recommended Training Training Opportunities for Oracle Partner Network Members Oracle E - Business Suite Essentials Implementation Boot Camp Oracle E - Business Suite R12.1 Accounts P ayable Implementation Boot Camp Schedule Exam Pearson VUE Sample Questions Oracle E - Business Suite 12 Financial Management Certified Implementation Specialist - Oracle Pay ables (OCS) WWW.DBEXAM.COM PDF 1Z0 - 517: Oracle E - Business Suite R12.1 Payables Essentials 3 Recommended Practice 1Z0 - 517 Online Practice Exam Exam Syllabus: 1Z0 - 517 Oracle E - Business Suite R12.1 Payables Essentials E - BUSINESS ESSENTIALS Navigating in R12 Oracle Applications - Log in to Oracle Applications - Navigate from Personal Home Page to Applications - Choose a responsibility - Create Favorites and set Preferences - Use Forms and Menus - Enter data using Forms - Search for data using Forms - Access online Help - Run and monitor Reports and Programs - L og out of Oracle Applications Introduction to Oracle Applications R12 - Explain the footprint of R12 E - Business Suite - Describe the benefits of R12 E - Business Suite - Describe R12 E - Business Suite architecture Shared Entities and Integration - Explain s hared entities within R12 E - Business Suite - Describe key integration points and business flows between products in E - Business Suite (EBS) - Identify Key Business Flows and products involved in E - Business Suite (EBS) Fundamentals of Flexfields - Describe Flexfields and their components - Identify the steps to implement a Flexfield - Define value sets and values - Define Key Flexfields - Define Descriptive Flexfields Fundamentals of Multi - Org - Define Multiple Organization (Multi - Org) - Describe the types of organizations supported in the Multi - Org model - Explain the entities of Multi - Org - Explain how Multi - Org secures data - Identify key implementation considerations for Multi - Org - Define Multi - Org Access Control WWW.DBEXAM.COM PDF 1Z0 - 517: Oracle E - Business Suite R12.1 Payables Essentials 4 - Explain Multi - Org preferenc es - Explain Enhanced Multiple - Organization Reporting - Explain the concepts of subledger accounting Fundamentals of Workflow and Alerts - Explain Workflow concepts - Describe the benefits of Workflow PAYABLES Procure to Pay Overview - Describe the pro cure - to - pay process flow - Describe the key areas in the procure - to - pay process - Describe how the procure - to - pay process fits into the Oracle E - Business Suite of applications Transaction Taxes in Payables - Compute transaction taxes for invoices - Insert manual tax lines and update transaction tax lines - View tax summary and details - Identify key reports related to transaction taxes - Describe setup options in EB Tax & Payables - Describe transaction taxe s in Payables - Describe treatment of different types of taxes (offset tax, recoverable tax, tax on prepayment, and others) Withholding Tax - Identify the withholding tax process - Use withholding tax options - Process manual withholding tax invoices - Cr eate withholding tax on Standard Invoices, Recurring Invoices and Application of Prepayment - Process automatic withholding tax invoices Advances and Progressive Contract Financing - Describe the purpose of complex service contracts - Identify advances, c ontract financing and progress payment invoices - Calculate retainage - Recoup prepaided amounts for complex service contract - Calculate tax Payables Overview - Describe the Payables process flow - Describe the key areas in the Payables process - Identify Payables integration points - Identify open interfaces to import data into Payables - Set up and use Multiple Organization Access Controls (MOAC) Suppliers - Define suppliers and supplier sites - Identify key reports related to suppliers and supplier sites WWW.DBEXAM.COM PDF 1Z0 - 517: Oracle E - Business Suite R12.1 Payables Essentials 5 - Describe setup options - Purchasing - Describe additional implementation considerations related to suppliers - Describe setup options - Receiving - Describe setup options - Others Payments - Describe the payment process - Set up banks and bank accounts - Enter single payments - Process multiple payments - Review and adjust payments - Set up and create bills payable - Create, apply, and release holds on prepayments - Reconcile payments with Ora cle Cash Management - Use key standard reports - Describe key setup options - Describe additional implementation considerations related to payments - Describe Payment Manager Invoices - Import/Enter invoices and invoice distributions - Match to purchase o rders - Validate invoices - Apply and release holds - Describe invoice approval workflow - Describe key reports - Describe setup options - Describe additional implementation considerations related to invoices Expense Reports and Credit Cards - Process var ious types of expense report - Enter expense report templates - Enter expense reports - Apply advances - Process procurement cards and credit cards Period Close - Describe activities to be performed during the Period Close process in Payables and Purchasi ng - Reconcile accounts payable transactions for the period - Identify key programs and reports related to Period Close - Describe setup options related to Period Close - Describe additional implementation considerations related to Period Close WWW.DBEXAM.COM PDF 1Z0 - 517: Oracle E - Business Suite R12.1 Payables Essentials 6 - Explain t he prerequisites for the Period Close process - Transfer from Payables to General Ledger Oracle 1Z0 - 517 Certification Sample Questions and Answers To make you familiar with the structure of the Oracle E - Business Suite R12.1 Payables Essentials (1Z0 - 517) certification exam, we have prepared this sample question set. We suggest you try our Sample Questions for Oracle 1Z0 - 517 Certification to test your understanding of Oracle 1Z0 - 517 process in the real Oracle certification exam environment. 1Z0 - 517 Oracle E - Business Suite R12.1 Payables Essentials Sample Questions 01. All manual journal entries are defaulting to a non - current period. Which step was omitted from the accounting cycle? a) updating the period b) posting journal entries c) consolidating financials d) reversing journal entries e) translating foreign balances 02. Select two actions available in Oracle General Ledger. (Choose two.) a) deleting posted journals b) exporting data to subsidiary ledgers c) importing data from subsidiary ledgers d) consolidating balances in subsidiary ledgers e) consolidating balances from multiple ledgers 03. For each subledger, there must be one _____. a) journal type b) account type c) journal source d) journal category 04. Identify three ways that an invoice can be submitted for validation. (Choose three.) a) online by clicking the Validate button in the Invoice Batches window b) online by clicking th e Validate and Account button in the Invoice Batches window c) in batch by submitting the Payables Invoice Validation program from the Invoice Workbench WWW.DBEXAM.COM PDF 1Z0 - 517: Oracle E - Business Suite R12.1 Payables Essentials 7 d) in batch by submitting the Payables Invoice Validation program from the Submit Request window e) onl ine by selecting either the Validate check box or the Validate Related Invoices check box in the Invoice Actions window 05. Which journal entry type does General Ledger automatically reverse and post? a) actuals b) budgets c) actuals and budgets d) budget s and encumbrance e) actuals, budgets, and encumbrance 06. Which event reverses an accrual for an item set to accrue on receipt? a) paying an invoice b) delivering goods to a final destination c) running the Receipt Accruals - Period - end process d) matching an invoice in Payables to a purchase order 07. The manual payment method is best described as the method of ____. a) paying multiple checks in a pay run b) paying a single check within Payab les c) manually writing a check outside of Payables d) recording a payment made outside of Payables 08. A table has 15 Attribute columns to capture additional information. The attributes 1 - 12 are set up in the Descriptive Flexfield as Global Segments. How many attributes can be set up under any new context? a) 1 b) 3 c) 15 d) 12 e) 11 09. You are creating new suppliers for XYZ Corp. Identify four regions that are entered only at the supplier level. (Choose four.) a) surveys b) tax details c) organization d) address book e) contact directory f) invoice management g) products and services WWW.DBEXAM.COM PDF 1Z0 - 517: Oracle E - Business Suite R12.1 Payables Essentials 8 10. Identify two types of inquiries that are possible on ledger sets. (Choose two.) a) variance inquiry b) summary template and summary account inquiries c) a budget balance inquiry to view the budgeted figures d) an account inquiry on ledger sets to view actual accounts balances across multiple ledgers that are assigned to a ledger set e) an account inquiry on ledger sets to view encumbrance account balances across multiple ledgers that are assigned to a ledger set Solution: QUESTION: 01 Answer: a QUESTION: 02 Answer: c, e QUESTION: 03 Answer: c QUESTION: 04 Answer: a, d, e QUESTION: 05 Answer: a QUESTION: 06 Answer: d QUESTION: 07 Answer: d QUESTION: 08 Answer: b QUESTION: 09 Answer: b, c, d, e QUESTION: 10 Answer: d, e How to Register for 1Z0 - 517 Oracle E - Business Suite R12.1 Payables Essentials Exam? ● Purchase exam voucher from Oracle University ● Register for an exam at PearsonVue .