Oracle EBS R12.1 Payables Essentials (1Z0-517) Free Practice Test

Question 1

Which two statements are true regarding ownership of shared entities? (Choose two.)

A. Suppliers is owned by Oracle Purchasing, whereas Units of Measure is owned by Oracle Inventory.

B. Ledger is owned by Oracle General Ledger, whereas Locations is owned by Oracle Human Resources.

C. Sales Force is owned by Oracle Order Management, whereas Employees is owned by Oracle Human Resources.

D. Customers is owned by Oracle Human Resources, whereas Locations is owned by Oracle Receivables.

E. Items is owned by Oracle Purchasing, whereas Locations is owned by Oracle Receivables.

Correct Answer: A,B

Question 2

You are the manufacturing lead for XYZ's implementation of Oracle E-Business Suite Release 12.
Your client has these requirements:
* Create a production plan.
* Analyze Sales Order information.
* Calculate capacity load ratio by resource or production line.
* Analyze resources, materials, costs, and job schedule progress.
Identify the two flows you would implement to accomplish these requirements. (Choose two.)

A. Click to Order

B. Forecast to Plan

C. Order to Cash

D. Procure to Pay

E. Demand to Build

Correct Answer: B,E

Question 3

Identify three features that speed up data entry. (Choose three.)

A. account aliases

B. account distribution sets

C. customized folders

D. data loader

E. scan invoices

Correct Answer: A,B,C

Question 4

Identify three features of shared entities in Oracle E-Business Suite Release 12. (Choose three.)

A. are referenced by several Oracle Application modules

B. are owned by a single Oracle Application module for table purposes only

C. are owned by a single Oracle Application module to designate the primary user or decision maker

D. are defined in each oracle Application module separately

E. enable one-time definition of objects

Correct Answer: A,B,E

Question 5

Which three are true about internal bank accounts? (Choose three.)

A. They are defined to disburse electronic payments from your customers.

B. They are defined for receiving electronic payments made to your suppliers.

C. They are defined for receiving payment from customers.

D. They are defined to disburse funds to suppliers.

E. Internal accounts define bank accounts for which you are the account holder.

Correct Answer: C,D,E

Question 6

Your company accrues expense items at period end. Identify the report that must be generated before you run your receipts' accrual period-end process.

A. Accrual Write-Off

B. Accounts Payable Trial Balance

C. Mass Additions Create

D. Uninvoiced Receipts

Correct Answer: D

Question 7

Employee information in Oracle E-Business Suite Release 12 is partitioned by _____.

A. Inventory Organization

B. HR Organization

C. Business Group

D. Legal Entity

E. Operating Unit

Correct Answer: C

Question 8

Shared entities are used throughout Oracle E-Business Suite Release 12. Identify the four entities that are shared. (Choose four.)

A. Invoice Sources

B. Oracle Application Object Library (AOL)

C. Sales Force

D. Unit of Measure

E. Ledger

Correct Answer: B,C,D,E

Question 9

As part of its closing process, XYZ Corporation reviews receipt accruals. Occasionally, Payables matches incorrectly, and therefore they find that some perpetual accruals never clear, leaving reconciliation items on their accrual reports.
Which two actions can they perform to solve the problem? (Choose two.)

A. Reverse the invoice distributions and rematch if possible.

B. Run the Accrual Rebuild Reconciliation Report to identify the receipt accrual that has not cleared and use the Write-Off window to remove the item from reappearing on subsequent reports. Create a manual journal entry in General Ledger to clear the accrual.

C. Run the Matching Hold Detail Report to identify the receipt that has not cleared and use the Write-Off window to remove the item from reappearing on subsequent reports. Create a manual journal entry in General Ledger to clear the accrual.

D. Run the Uninvoiced Receipts Report to identify the receipt accrual that has not cleared and create a manual journal entry in General Ledger to clear the receipt from the report.

Correct Answer: A,B

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Oracle EBS R12.1 Payables Essentials (1Z0-517) Free Practice Test