Oracle 1Z0-517 Exam Questions - Real Practice Questions for Guaranteed Success

Question 1

Suppliers play an important part in the Procure-to-Pay process.

Select three activities that you must perform using a supplier. (Choose three.)

AYou receive goods or services from suppliers.

BYou need supplier information for entering purchase orders.

CYou must pay the supplier for the goods or services purchased.

DYou need a supplier as the criterion to search for a payment in the system.

EYou need a supplier as the criterion to search for purchase orders in the system.

Correct : A, B, C

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AYou receive goods or services from suppliers.

BYou need supplier information for entering purchase orders.

CYou must pay the supplier for the goods or services purchased.

DYou need a supplier as the criterion to search for a payment in the system.

EYou need a supplier as the criterion to search for purchase orders in the system.

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Question 2

Identify two events that take place when an invoice is matched to a purchase order. (Choose two.)

ATolerances are enforced.

BThe quantity billed is updated.

CThe quantity received is updated.

DThe purchase order accounting information is copied to the invoice.

Correct : B, D

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ATolerances are enforced.

BThe quantity billed is updated.

CThe quantity received is updated.

DThe purchase order accounting information is copied to the invoice.

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Question 3

Which three statements are true about prepayments? (Choose three.)

AYou cannot enter prepayments invoices in the Quick Invoice window.

BYou cannot change a permanent type prepayment to a temporary type prepayment.

CYou can only partially apply a prepayment to an invoice if the prepayment is partially paid.

DA prepayment is a type of invoice that you enter to make an advance payment to a supplier or employee.

ETemporary prepayments can be applied to invoices or expenses reports. Permanent prepayments cannot be applied to invoices.

FIt is not necessary to void the payment document that paid the prepayment to cancel an applied prepayment. You simply need to unapply the prepayment and cancel it.

Correct : A, D, E

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AYou cannot enter prepayments invoices in the Quick Invoice window.

BYou cannot change a permanent type prepayment to a temporary type prepayment.

CYou can only partially apply a prepayment to an invoice if the prepayment is partially paid.

DA prepayment is a type of invoice that you enter to make an advance payment to a supplier or employee.

ETemporary prepayments can be applied to invoices or expenses reports. Permanent prepayments cannot be applied to invoices.

FIt is not necessary to void the payment document that paid the prepayment to cancel an applied prepayment. You simply need to unapply the prepayment and cancel it.

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Question 4

Identify three statements that are true for electronic or wire payment. (Choose three.)

AA wire payment validates the supplier's bank details.

BMore bank accounts for a supplier or supplier site can be added.

CSupplier banks must be assigned to the supplier for electronic payment.

DPayables does not require supplier bank account information for a wire payment.

EElectronic payment instructs the bank to make payment to a supplier bank account.

Correct : C, D, E

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AA wire payment validates the supplier's bank details.

BMore bank accounts for a supplier or supplier site can be added.

CSupplier banks must be assigned to the supplier for electronic payment.

DPayables does not require supplier bank account information for a wire payment.

EElectronic payment instructs the bank to make payment to a supplier bank account.

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Question 5

Payment process request templates are created on the Templates tabbed page of the Payments Manager to simplify pay run processing.

All statements in the list below represent steps to create a payment process request template.

Which one is the first step?

ASpecify payment attributes.

BSpecify template header information.

CSpecify the degree of pay run automation.

DSpecify invoice payment selection criteria.

ESpecify how the system handles validation failure on the document and payment levels.

Correct : B

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ASpecify payment attributes.

BSpecify template header information.

CSpecify the degree of pay run automation.

DSpecify invoice payment selection criteria.

ESpecify how the system handles validation failure on the document and payment levels.

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Master Oracle 1Z0-517 Exam with Reliable Practice Questions

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