Lead4Pass 1Z0-517 Exam Dumps Real 1Z0-517 Exam Study Guide – Dec 2021

1Z0-517 Exam Dumps Real 1Z0-517 Exam Study Guide

Lead4Pass 1Z0-517 exam dumps (already updated) are here for your study. Lead4Pass provides a real 1Z0-517 exam study guide, real Oracle certification 1Z0-517 exam study guide that helps you to study for the 1Z0-517 exam easily.

We provide the latest 1Z0-517 exam dumps (410 Q&A) https://www.leads4pass.com/1z0-517.html (PDF or VCE format) study guide for you to pass.

1Z0-517 free dumps questions, free 1Z0-517 exam study guide

Check 1Z0-517 free questions to get a better understanding of 1Z0-517 exams.

Question 1:

Isa Global Inc. is based in the United States with divisions in Europe and Asia. All journal imports, recurring journals, mass allocations, and manual journal entries have been posted for their European subsidiary. What is the next logical step in the period-close process?

A. opening the next period

B. closing the current period

C. revaluing foreign currency balances

D. translating to the functional currency

E. consolidating to the parent set of books

Correct Answer: C

Question 2:

Select two actions that ledger sets permit. (Choose two.)

A. performing variance inquiries

B. being used for mass budgets

C. sending budget balance inquiries

D. viewing account balances for multiple ledgers in one view

E. grouping multiple ledgers that share the same chart of accounts and calendar

Correct Answer: DE

Question 3:

Select three activities that must be performed to complete the setup of the key accounting flexfield. (Choose three.)

A. Create aliases.

B. Define a value set.

C. Define security rules.

D. Define an account structure.

E. Define valid segment values.

F. Create account combinations.

Correct Answer: BDE

Question 4:

Which two statements are true about the reporting currency in Oracle General Ledger? (Choose two.)

A. It is an integrated extension of a ledger.

B. It replaces multiple reporting currencies.

C. Reporting currencies are the same as secondary ledgers.

D. Reporting currencies cannot have the same chart of accounts, accounting method, and ledger processing options.

Correct Answer: AB

Question 5:

The company’s two senior executives have different budget figures. They want Peter, the GL accountant, to prepare two current budgets in Oracle Financials and submit budgets to both of them. What would be your response?

A. It is not possible to have more than one current budget.

B. Whether you can have multiple current budgets depends on the budget organization.

C. The Require Budget Journal profile option must be set at the budget level if you want to have multiple current budgets.

D. The Require Budget Journal profile option must be set at the set of books level if you want to have multiple current budgets.

E. The Oracle General Ledger budget functionality supports multiple current budgets, so there is no problem in satisfying this requirement.

Correct Answer: A

Question 6:

Identify the four setup options that control supplier defaults. (Choose four.)

A. financial options

B. payables options

C. receiving options

D. purchasing options

E. Payables system setup

F. Trading Community Architecture (TCA)

Correct Answer: ABDE

Question 7:

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 the Validate and Account button in the Invoice Batches window

C. in batch by submitting the Payables Invoice Validation program from the Invoice Workbench

D. in batch by submitting the Payables Invoice Validation program from the Submit Request window

E. online by selecting either the Validate check box or the Validate Related Invoices check box in the Invoice Actions window

Correct Answer: ADE

Question 8:

You are working on an implementation for Accounts Payable for ABC Inc. Your client has three requirements:

1. They want to be able to pay only certain types of suppliers by batch.

2. Each payment batch must be under $100,000 USD, or the batch automatically gets canceled without user intervention.

3. Every single payment for a supplier site must be between $10 USD and $10,000 USD, or the payment is automatically not issued.

To meet the above requirements, you perform these steps:

A. Set up suppliers with pay groups for each type, and use them when running the payment batch.

B. Set up the payment batch with Maximum Outlay equal to $100,000 USD.

C. Set up the payment batch with Maximum/Minimum payments as $10 USD and $10,000 USD. Which requirements have you met?

A. 2 and 3

B. 1, 2 and 3

C. 1 and 2

D. 1 and 3

Correct Answer: D

Question 9:

Payables list four seeded payment methods. They are check, outsourced check, electronic, and wire. Choose the correct description for the wire.

A. a paper check to print and send to a supplier

B. an EFT, EDI, or XML to the bank of a supplier

C. a funds transfer is initiated by contacting the bank and requesting a wire payment to the bank of a supplier

D. transmission of payment information to an external party, such as your bank, that prints checks on your behalf

Correct Answer: C

Question 10:

Which event reverses an accrual for an item set to accrue on the 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

Correct Answer: D

Question 11:

Identify three setup options that are defined in the Financial Options window. (Choose three.)

A. interest

B. retainage

C. miscellaneous

D. expenses clearing

E. expense AP accrual account

Correct Answer: BCD

Question 12:

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

Correct Answer: CE

Question 13:

Identify the different types of data that can be processed using the GL Interface. (Choose three.)

A. rates

B. budget

C. vendors

D. statistical

E. intercompany

F. currency codes

Correct Answer: BDE

Question 14:

Choose the reason why Tina is unable to view the sub ledger entries from Oracle Payables in the Oracle General Ledger module. She has run the transfer program that completes successfully.

A. Journal Import is not submitted.

B. The Journal source is not defined.

C. The Journal category is not defined.

D. Payables is not integrated with General Ledger.

Correct Answer: A

Question 15:

ABC Corporation has five companies, which operate in different industries. Each company has a different ledger-processing option that is industry specific. Choose the number of primary ledgers that are required

to be defined.

A. five

B. four

C. two

D. one

E. three

Correct Answer: A


Lead4Pass 1Z0-517 exam dumps are the best 1Z0-517 exam study guide, download the latest 1Z0-517 exam dumps at https://www.leads4pass.com/1z0-517.html (PDF or VCE format) and easily pass Oracle 1Z0-517 exam.

If you are looking online for a reliable and real 1Z0-517 exam study guide, then Lead4Pass is the place for you.