1Z0-517 Exam Questions & Answers

Exam Code: 1Z0-517

Exam Name: Oracle E-Business Suite R12.1 Payables Essentials

Updated: Apr 29, 2024

Q&As: 410

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Practice These Free Questions and Answers to Pass the On-Premise Applications Exam

Questions 1

Select three statuses of the consolidation workbench. (Choose three.)

A. posted

B. entered

C. exported

D. reversed

E. transferred

Show Answer
Questions 2

Payables leverages E-Business Tax to set up, calculate, and manage transaction taxes, such as Sales, VAT and Offset taxes. Which two taxes are NOT calculated and managed by Payables? (Choose two.)

A. excise

B. property

C. customs duty

D. vehicle license

E. recoverable tax

Show Answer
Questions 3

At ABC.com's site, under payables options, the transfer to GL option has been set to summarize by accounting period. The period end close processes for accounts parable have run and the payables journals (Purchase invoices and payments) have been created and posted in General Ledger. Which statement is true?

A. Drilling down from the journals of purchase invoices and payments categories in GL to payables is possible

B. Drilling down from the journals of the payment category in GL to payables is possible, but drilling down from journals of the purchase invoices category in GL to payables is not possible

C. Drilling down from the journals of the purchase invoices category in GL is possible but drilling down from journals of the payments category in GL to payables is not possible

D. Drilling down from GL to payables is not possible

Show Answer
Questions 4

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

A. payment terms

B. recurring invoices

C. Key Indicators Report

D. automatic tax withholding

E. opening and closing payables periods

F. controlling the number of future periods

Show Answer
Questions 5

The Payments Manager in Oracle Payables is a module that comprises five components, and is used to create multiple payments.

Identify the one component that is NOT found in the Payments Manager.

A. refunds

B. payments

C. templates

D. payment instructions

E. payment process requests

F. payments dashboard (home)

Show Answer

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