Latest Oracle 1Z0-517 of exam practice questions and answers

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The information we have could give you the opportunity to practice issues, and ultimately achieve your goal that through Oracle <strong>1Z0-517</strong> exam certification. </p><p>ITCertMaster is the leader in the latest Oracle <strong>1Z0-517</strong> exam certification and exam preparation provider. Our resources are constantly being revised and updated, with a close correlation. If you prepare Oracle <strong>1Z0-517</strong> certification, you will want to begin your training, so as to guarantee to pass your exam. As most of our exam questions are updated monthly, you will get the best resources with market-fresh quality and reliability assurance. </p><p>ITCertMaster provide different training tools and resources to prepare for the Oracle <strong>1Z0-517</strong> exam. The preparation guide includes courses, practice test, test engine and part free PDF download. </p><p>Exam Code: <a href="http://www.itcertmaster.com/1Z0-517.html" target="_blank">1Z0-517</a><br/>Exam Name: <a href="http://www.itcertmaster.com/Oracle_index.html" target="_blank">Oracle</a> (Oracle EBS R12.1 Payables Essentials)<br/>Guaranteed success with practice guides, No help, Full refund!<br/>306 Questions and Answers<br/>Updated: 2013-11-15</p><p><strong><strong>1Z0-517</strong> Free Demo Download</strong>: <strong>http://www.itcertmaster.com/1Z0-517.html</strong></p><p>NO.1 Which event reverses an accrual for an item set to accrue on receipt?<br />A. paying an invoice<br />B. delivering goods to a final destination<br />C. running the Receipt Accruals - Period-end process<br />D. matching an invoice in Payables to a purchase order<br />Answer: D<br /><br /><strong>Oracle</strong>   <strong>1Z0-517</strong>   <strong>1Z0-517</strong>   <strong>1Z0-517 pdf</strong><br /><br />NO.2 Which two statements are true about the reporting currency in Oracle General Ledger? (Choose two.)<br />A. It is an integrated extension of a ledger.<br />B. It replaces multiple reporting currencies.<br />C. Reporting currencies are the same as secondary ledgers.<br />D. Reporting currencies cannot have the same chart of accounts, accounting method, and ledger<br />processing options.<br />Answer: A, B<br /><br /><strong>Oracle exam prep</strong>   <strong>1Z0-517 test answers</strong>   <strong>1Z0-517</strong>   <strong>1Z0-517 answers real questions</strong><br /><br />NO.3 Which three activities would use summary accounts? (Choose three.)<br />A. creating a monthly recurring standard journal entry to amortize goodwill<br />B. allocating the total monthly costs of the Information Services department to other departments<br />C. estimating a sales commission accrual based on the total of all product sales for each division<br />D.formulating a budget for employee benefits in each company based on the total of all budgeted<br />employee salaries<br />Answer: B, C, D<br /><br /><strong>Oracle</strong>   <strong>1Z0-517</strong>   <strong>1Z0-517</strong><br /><br />NO.4 Select three levels where additional reporting currency representations can be maintained. (Choose<br />three.)<br />A. batch<br />B. journal<br />C. balance<br />D. subledger<br />Answer: B, C, D<br /><br /><strong>Oracle</strong>   <strong>1Z0-517 certification training</strong>   <strong>1Z0-517 test</strong><br /><br />NO.5 Identify the different types of data that can be processed using the GL Interface. (Choose three.)<br />A. rates<br />B. budget<br />C. vendors<br />D. statistical<br />E. intercompany<br />F. currency codes<br />Answer: B, D, E<br /><br /><strong>Oracle certification</strong>   <strong>1Z0-517 exam simulations</strong>   <strong>1Z0-517 certification training</strong><br /><br />NO.6 The companys two senior executives have different budget figures. They want Peter, the GL accountant,<br />to prepare two current budgets in Oracle Financials and submit budgets to both of them. What would be<br />your response?<br />A. It is not possible to have more than one current budget.<br />B. Whether you can have multiple current budgets depends on the budget organization.<br />C. The Require Budget Journal profile option must be set at the budget level if you want to have multiple<br />current budgets.<br />D. The Require Budget Journal profile option must be set at the set of books level if you want to have<br />multiple current budgets.<br />E. The Oracle General Ledger budget functionality supports multiple current budgets, so there is no<br />problem in satisfying this requirement.<br />Answer: A<br /><br /><strong>Oracle exam simulations</strong>   <strong>1Z0-517 braindump</strong>   <strong>1Z0-517 practice test</strong>   <strong>1Z0-517 test</strong><br /><br />NO.7 You are implementing Oracle General Ledger (GL) at a client site. The client is based in the US, but<br />they have a presence in many countries and transactions in multiple currencies. The implementation<br />team decides that the GL multi-currency setup will be a part of the implementation. John, a junior<br />consultant helping you in the implementation effort, tells you that he is testing the system and entering<br />journals in USD, Yen, and Euros. He says that he is able to enter journals in USD and Euros, but not in<br />Japanese Yen. What possible explanation can you provide to John for this?<br />A. Yen has not been enabled.<br />B. Rate types have not been defined for Yen.<br />C. Daily rates have not been entered for Yen.<br />D. Workflow must be customized for journals to be entered in Yen.<br />Answer: A<br /><br /><strong>Oracle questions</strong>   <strong>1Z0-517</strong>   <strong>1Z0-517</strong><br /><br />NO.8 Which module of Oracle E-Business Suite Release 12 sends revaluation and accrual entries to<br />General Ledger?<br />A. Oracle Assets<br />B. Oracle Projects<br />C. Oracle Treasury<br />D. Oracle Receivables<br />E. Oracle Property Manager<br />Answer: C<br /><br /><strong>Oracle certification training</strong>   <strong>1Z0-517 test</strong>   <strong>1Z0-517</strong><br /><br />NO.9 Identify the four setup options that control supplier defaults. (Choose four.)<br />A. financial options<br />B. payables options<br />C. receiving options<br />D. purchasing options<br />E. Payables system setup<br />F. Trading Community Architecture (TCA)<br />Answer: A, B, D, E<br /><br /><strong>Oracle</strong>   <strong>1Z0-517 exam simulations</strong>   <strong>1Z0-517</strong>   <strong>1Z0-517 exam simulations</strong>   <strong>1Z0-517</strong>   <strong>1Z0-517 certification</strong><br /><br />NO.10 Choose three tables that will be populated when the Journal Import process is run with the option to<br />post set as "Yes." (Choose three.)<br />A. GL_JE_LINES<br />B. GL_JE_BATCHES<br />C. GL_JE_HEADERS<br />D. GL_JE_SOURCES<br />E. GL_IMPORT_REFERENCES<br />Answer: A, B, C<br /><br /><strong>Oracle pdf</strong>   <strong>1Z0-517</strong>   <strong>1Z0-517 original questions</strong>   <strong>1Z0-517 certification training</strong><br /><br />NO.11 With Oracle Cash Management, you can reconcile payments created in Payables to your bank<br />statements. When you reconcile payments using Oracle Cash Management, Cash Management updates<br />the status of payments. Select the new status.<br />A. issued<br />B. updated<br />C. negotiable<br />D. reconciled<br />Answer: D<br /><br /><strong>Oracle</strong>   <strong>1Z0-517 dumps</strong>   <strong>1Z0-517</strong>   <strong>1Z0-517 demo</strong>   <strong>1Z0-517</strong>   <strong>1Z0-517 test answers</strong><br /><br />NO.12 ABC Company in India imports baking equipment from XYZ Company in the USA. There is an<br />outstanding invoice of $1,000,000 to be paid in two months. The USD-to-INR rate when the transaction<br />was done was 47.5. Now the USD-to-INR rate has changed from 47.5 to 40.5. Jack, who is a treasury<br />analyst at ABC Company, reviews the transactions and comes to a conclusion. Select two correct<br />conclusions arrived upon by Jack. (Choose two.)<br />A. XYZ Company is not impacted at all by this rate change.<br />B. XYZ Company has a positive impact by this rate change.<br />C. ABC Company is not impacted at all by this rate change.<br />D. ABC Company has a positive impact by this rate change.<br />Answer: A, D<br /><br /><strong>Oracle test</strong>   <strong>1Z0-517</strong>   <strong>1Z0-517 test</strong>   <a href="http://www.itcertmaster.com/1Z0-517.html">1Z0-517 braindump</a>   <strong>1Z0-517 demo</strong><br /><br />NO.13 Choose the reason why Tina is unable to view the subledger entries from Oracle Payables in the<br />Oracle General Ledger module. She has run the transfer program that completes successfully.<br />A. Journal Import is not submitted.<br />B. The Journal source is not defined.<br />C. The Journal category is not defined.<br />D. Payables is not integrated with General Ledger.<br />Answer: A<br /><br /><strong>Oracle certification training</strong>   <strong>1Z0-517 pdf</strong>   <strong>1Z0-517 practice test</strong>   <strong>1Z0-517</strong><br /><br />NO.14 Which three are the benefits of the Currency Rates Manager in Oracle General Ledger? (Choose<br />three.)<br />A. You can maintain daily rates and historical rates more easily.<br />B. You get improved efficiency with the help of the spreadsheet interface.<br />C. You can maintain consistency among different currency conversion rates.<br />D. Additional security ensures that historical rates can be uploaded to closed or future periods only.<br />E. You can maximize intercompany imbalances during intercompany eliminations of foreign currency<br />transactions that are due to exchange rate differences.<br />Answer: A, B, C<br /><br /><strong>Oracle study guide</strong>   <strong>1Z0-517</strong>   <strong>1Z0-517</strong>   <strong>1Z0-517</strong>   <strong>1Z0-517 demo</strong>   <strong>1Z0-517 study guide</strong><br /><br />NO.15 Identify three setup options that are defined in the Financial Options window. (Choose three.)<br />A. interest<br />B. retainage<br />C. miscellaneous<br />D. expenses clearing<br />E. expense AP accrual account<br />Answer: B, C, D<br /><br /><strong>Oracle pdf</strong>   <strong>1Z0-517</strong>   <strong>1Z0-517 certification</strong>   <strong>1Z0-517 braindump</strong>   <strong>1Z0-517 exam prep</strong><br /><br />NO.16 ABC Corporation has five companies, which operate in different industries. Each company has a<br />different ledger-processing option that is industry specific. Choose the number of primary ledgers that are<br />required to be defined.<br />A. five<br />B. four<br />C. two<br />D. one<br />E. three<br />Answer: A<br /><br /><strong>Oracle</strong>   <strong>1Z0-517 answers real questions</strong>   <strong>1Z0-517</strong><br /><br />NO.17 Scott, the CFO at ABC Company in the USA, wants to present the annual income statement to the<br />board of directors of the company. ABC Company engages in many exports and import activities and<br />follows the policy to revalue all its transactions in foreign currency with the current market rates. Scott<br />requests George, the head accountant of the company, to revalue all foreign currency transactions done<br />during the year. Select two prerequisites that George must comply with to ensure that the revaluation is<br />done as desired. (Choose two.)<br />A. Define accounts for realized gains and realized losses.<br />B. Define accounts for unrealized gains and unrealized losses.<br />C. Define the weights for each currency used for doing transactions.<br />D. Define a batch under which the revaluation journals would be stored.<br />E. Define a revaluation rate for each currency for each period or date for which the revaluation must be<br />run.<br />Answer: B, E<br /><br /><strong>Oracle</strong>   <strong>1Z0-517 practice test</strong>   <strong>1Z0-517</strong><br /><br />NO.18 You are implementing Oracle General Ledger at a client site. The client is based in the US, but they<br />have a presence in many countries and transactions in multiple currencies. The implementation team<br />decides that the GL multi-currency setup will be a part of the implementation. The company's<br />management in the US wants to see all transactions in USD, whereas the management in Europe wants<br />to see the transactions in Euros. The CFO has this requirement: While entering daily transactions, the<br />user must be able to enter the current exchange rate. But at month end, the assets and liabilities in Euros<br />must be converted into USD at the monthly average exchange rate. Can this requirement be satisfied?<br />A. Oracle GL does not support this functionality.<br />B. Workflow must be customized to satisfy this requirement.<br />C. The account generator must be customized to satisfy this requirement.<br />D. Oracle GL provides this functionality and there is no problem in satisfying the requirement.<br />Answer: D<br /><br /><strong>Oracle pdf</strong>   <strong>1Z0-517</strong>   <strong>1Z0-517</strong>   <strong>1Z0-517</strong><br /><br />NO.19 Select two statements that are correct for the secondary tracking segment. (Choose two.)<br />A. Only the natural account segment or the balancing segment can be specified as the secondary<br />tracking segment.<br />B. Any segment that is specified as the secondary tracking segment also must be specified as the<br />management segment.<br />C. Any segment, except the natural account segment or the balancing segment, can be specified as the<br />secondary tracking segment.<br />D. This segment will be paired with the balancing segment when generating account balances for<br />retained earnings account, unrealized gains or losses account, and the cumulative translation adjustment<br />account.<br />E. This segment will be paired with the natural account segment when generating account balances for<br />retained earnings account, unrealized gains or losses account, and the cumulative translation adjustment<br />account.<br />Answer: C, D<br /><br /><strong>Oracle</strong>   <strong>1Z0-517 answers real questions</strong>   <strong>1Z0-517</strong><br /><br />NO.20 Identify three statements that are correct for the multi-currency functionality of Oracle General Ledger.<br />(Choose three.)<br />A. Enter transactions and reports in any currency.<br />B. Enter exchange rates online and automatically.<br />C. Translate only actual but not budgeted balances.<br />D. Translate only budgeted but not actual balances.<br />E. Use daily, period end, average, and historical rates.<br />Answer: A, B, E<br /><br /><strong>Oracle</strong>   <strong>1Z0-517</strong>   <strong>1Z0-517</strong>   <strong>1Z0-517 study guide</strong>   <strong>1Z0-517</strong><br /><br />NO.21 Payables lists four seeded payment methods. They are check, outsourced check, electronic, and wire.<br />Choose the correct description for wire.<br />A. a paper check to print and send to a supplier<br />B. an EFT, EDI, or XML to the bank of a supplier<br />C. a funds transfer initiated by contacting the bank and requesting wire payment to the bank of a supplier<br />D. transmission of payment information to an external party, such as your bank, that prints checks on your<br />behalf<br />Answer: C<br /><br /><strong>Oracle</strong>   <strong>1Z0-517 demo</strong>   <strong>1Z0-517 study guide</strong>   <strong>1Z0-517 exam dumps</strong>   <strong>1Z0-517 exam</strong><br /><br />NO.22 Select three activities that must be performed to complete the setup of the key accounting flexfiel<br />D. (Choose three.)<br />A. Create aliases.<br />B. Define a value set.<br />C. Define security rules.<br />D. Define an account structure.<br />E. Define valid segment values.<br />F. Create account combinations.<br />Answer: B, D, E<br /><br /><a href="http://www.itcertmaster.com/Oracle_index.html">Oracle answers real questions</a>   <strong>1Z0-517 exam dumps</strong>   <strong>1Z0-517 exam prep</strong><br /><br />NO.23 You are implementing Oracle General Ledger at a client site. The client is based in the US, but they<br />have a global presence in many countries and transactions in multiple currencies. The implementation<br />team decides that the Oracle General Ledger multi-currency setup will be a part of the implementation.<br />The client's Chief Financial Officer wants a system that has these features: 1. Enter transactions and<br />reports in any currency. 2. Enter exchange rates online or automatically. 3. Calculate realized and<br />unrealized gains and losses. IV. Translate actual and budget balances. 4. Produce foreign currency<br />financial statements and reports. Which requirements can be satisfied with the implementation?<br />A. 1, 2, and 3 only<br />B. 1, 2, 3, and 4 only<br />C. 1, 2, 4, and 5 only<br />D. All requirements from 1 through 5 can be satisfied.<br />Answer: D<br /><br /><strong>Oracle practice test</strong>   <strong>1Z0-517</strong>   <strong>1Z0-517 test answers</strong>   <strong>1Z0-517 demo</strong>   <strong>1Z0-517 test</strong><br /><br />NO.24 Select two actions available in Oracle General Ledger. (Choose two.)<br />A. deleting posted journals<br />B. exporting data to subsidiary ledgers<br />C. importing data from subsidiary ledgers<br />D. consolidating balances in subsidiary ledgers<br />E. consolidating balances from multiple ledgers<br />Answer: C, E<br /><br /><strong>Oracle</strong>   <strong>1Z0-517 dumps</strong>   <strong>1Z0-517 exam simulations</strong>   <strong>1Z0-517 test</strong><br /><br />NO.25 John, the rates manager at ABC Company in the USA, is in charge of maintaining currency rates for<br />the entire company. John had defined the rates for GBP to USD and GBP to Indian Rupee (INR) only.<br />Sam, the company accountant, is worried that he would not be able to execute transactions involving<br />USD and INR currencies. What does John say to help Sam?<br />A. Currency Rates Manager automatically converts all transactions entered in INR to USD.<br />B. Currency Rates Manager automatically converts all transactions entered in INR to GBP first and then<br />to USD.<br />C. Currency Rates Manager automatically performs the calculation between USD and INR on the basis of<br />cross-rate rules.<br />D. Sam must manually define the USD to INR rates first, to be able to enter transactions involving USD<br />and INR currency.<br />E. Sam must manually define the INR to USD rates first, to be able to enter transactions involving USD<br />and INR currency.<br />Answer: C<br /><br /><strong>Oracle exam</strong>   <a href="http://www.itcertmaster.com/1Z0-517.html">1Z0-517 test answers</a>   <strong>1Z0-517 study guide</strong><br /><br />NO.26 Select two actions that ledger sets permit. (Choose two.)<br />A. performing variance inquiries<br />B. being used for mass budgets<br />C. sending budget balance inquiries<br />D. viewing account balances for multiple ledgers in one view<br />E. grouping multiple ledgers that share the same chart of accounts and calendar<br />Answer: D, E<br /><br /><strong>Oracle</strong>   <strong>1Z0-517 test questions</strong>   <strong>1Z0-517 pdf</strong><br /><br />NO.27 Identify three ways that an invoice can be submitted for validation. (Choose three.)<br />A. online by clicking the Validate button in the Invoice Batches window<br />B. online by clicking the Validate and Account button in the Invoice Batches window<br />C. in batch by submitting the Payables Invoice Validation program from the Invoice Workbench<br />D. in batch by submitting the Payables Invoice Validation program from the Submit Request window<br />E. online by selecting either the Validate check box or the Validate Related Invoices check box in the<br />Invoice Actions window<br />Answer: A, D, E<br /><br /><strong>Oracle</strong>   <strong>1Z0-517</strong>   <strong>1Z0-517 demo</strong>   <strong>1Z0-517</strong>   <strong>1Z0-517 test questions</strong>   <strong>1Z0-517</strong><br /><br />NO.28 Isa Global Inc. is based in the United States with divisions in Europe and Asia. All journal imports,<br />recurring journals, mass allocations, and manual journal entries have been posted for their European<br />subsidiary. What is the next logical step in the period-close process?<br />A. opening the next period<br />B. closing the current period<br />C. revaluing foreign currency balances<br />D. translating to the functional currency<br />E. consolidating to the parent set of books<br />Answer: C<br /><br /><strong>Oracle</strong>   <strong>1Z0-517 test questions</strong>   <strong>1Z0-517 demo</strong>   <strong>1Z0-517 test questions</strong><br /><br />NO.29 You are working on an implementation for Accounts Payable for ABC Inc. Your client has three<br />requirements: 1. They want to be able to pay only certain types of suppliers by batch. 2. Each payment<br />batch must be under $100,000 USD, or the batch automatically gets canceled without user intervention. 3.<br />Each single payment for a supplier site must be between $10 USD and $10,000 USD, or the payment is<br />automatically not issued. To meet the above requirements, you perform these steps: a) Set up suppliers<br />with pay groups for each type, and use them when running the payment batch. b) Set up the payment<br />batch with Maximum Outlay equal to $100,000 USD. c) Set up the payment batch with<br />Maximum/Minimum payments as $10 USD and $10,000 USD. Which requirements have you met?<br />A. 2 and 3<br />B. 1, 2 and 3<br />C. 1 and 2<br />D. 1 and 3<br />Answer: D<br /><br /><strong>Oracle test</strong>   <strong>1Z0-517</strong>   <strong>1Z0-517 exam simulations</strong><br /><br />NO.30 What is a benefit of the secondary tracking segment?<br />A. Additional security ensures that correct accounts are selected while entering transactions.<br />B. The Management segment is enabled automatically when the secondary segment is defined.<br />C. More details are provided to retained earnings, cumulative translation adjustments, and revaluation<br />gains/losses accounts.<br />Answer: C<br /><br /><strong>Oracle</strong>   <strong>1Z0-517 questions</strong>   <strong>1Z0-517</strong>   <strong>1Z0-517 certification</strong>   <strong>1Z0-517 answers real questions</strong><br /><br /></p><p>ITCertMaster offer the latest <A href="http://www.itcertmaster.com/000-156.html" target="_blank">000-156 Practice Test</A> and high-quality <A href="http://www.itcertmaster.com/HP0-J64.html" target="_blank">HP0-J64 PDF</A> Exam Questions training material. Our <A href="http://www.itcertmaster.com/HP0-J62.html" target="_blank">HP0-J62 VCE</A> testing engine and <A href="http://www.itcertmaster.com/JN0-360.html" target="_blank">JN0-360 dumps</A> can help you pass the real exam. 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Latest Oracle 1Z0-517 of exam practice questions and answers

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