Online Access Free 1Z0-517 Exam Questions

A Ledger is a financial reporting entity. What is new in Oracle E-Business Suite Release 12 that facilitates generation of accounting entries?

• A.Accounting Convention
• B.Multi-Org Structure
• C.Ledger
• D.Chart of Accounts
• E.Financial Accounting Calendar

Company XYZ has received an invoice that includes freight charges. They want to distribute the freight charges proportionately to the same accounts that were charged for the items.
Identify the steps they need to follow to create the freight distributions.

• A.Create a freight distribution by selecting the Create Freight Distribution check box in the Invoices window.
• B.In the Distributions window, click the Allocate button, identify the distribution type as Freight, select Prorate, and select the distributions to which freight charges would be allocated.
• C.Enable Automatically Create Freight Distribution in the invoice region in the Payables Options window.
• D.Manually enter freight-type distributions for each account that was charged.

Which event reverses an accrual for an item set to accrue on receipt?

• A.delivering goods to a final destination
• B.running the Receipt Accruals - Period-end process
• C.matching an invoice in Payables to a purchase order
• D.paying an invoice

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

• A.Payables sustem setup
• B.financial options
• C.receiving options
• D.Trading Community Architecture (TCA)
• E.payables options
• F.purchasing options

Identify two advantages of using Oracle Internet Expenses. (Choose two.)

• A.Expense reports that are entered using Internet Expenses are visible in Payables.
• B.Expense report template attributes are defined in Internet Expenses to manage expense types.
• C.It improves cycle times by routing expense reports via a workflow.
• D.Enforcement of spending policy controls expenses, showing any policy deviations.