1z0-517 Oracle EBS R12.1 Payables Essentials Practice Questions
Prepare for 1z0-517 with more than an answer.
- Exam fee
- $245 USD
- Level
- Implementation Specialist
- Valid for
- Must upgrade to current version within 12 months following credential retirement
Domains covered on the exam 2
- E-Business Essentials30%
- Payables Core Functionality70%
- 1
Select the three windows where a user can manually release an invoice hold or payment hold. (Choose three.)
Show answer details
Correct answer: A, B, E
A, B, E
A, B, E
A, B, E
- 2
Select the most common level of security for the MO: Security Profile.
Show answer details
Correct answer: D
D
- 3
Identify four purposes for which the Special Calendar is used. (Choose four.)
Show answer details
Correct answer: A, B, C, D
A, B, C, D
A, B, C, D
A, B, C, D
A, B, C, D
- 4
Select four occasions when the Create Accounting process can be run. (Choose four.)
Show answer details
Correct answer: A, B, C, E
A, B, C, E
A, B, C, E
A, B, C, E
A, B, C, E
- 5
A consultant is designing an internal control process for payments. The goal is to enforce strict segregation of duties between initiating a payment run and approving the final disbursement. Which Oracle Payables feature is specifically designed to manage this workflow, allowing for submission, review, and approval of a payment batch before it is formatted and transmitted?
Below is the proposed workflow:
flowchart TD subgraph Payables Clerk A[Enter & Validate Invoices] end subgraph AP Supervisor B[Submit Payment Process Request] end subgraph AP Manager C[Review/Approve Pending Payments] end subgraph Treasury D[Format & Confirm Payment Instruction] end A --> B --> C --> DShow answer details
Correct answer: B
The Payment Manager's Payment Process Request (PPR) functionality is designed for this purpose. Within the PPR template, you can configure 'Stop Process for Review' points after invoices have been selected and after payments have been built. This creates a formal review and approval step within the payment batch process itself, allowing different users to initiate, review, and confirm payments, thereby enforcing segregation of duties.
- 6
Identify three considerations for implementing internal controls for payment processing. (Choose three.)
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Correct answer: B, D, E
B, D, E
B, D, E
B, D, E
- 7
During the entry or update of expense reports in the Payables Expense Report window, holds can be applied on an expense report. These holds are carried forward to the invoice created from the expense report in Payables.
Which statement is true?
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Correct answer: A
A
- 8
You are at a client site that has thousands of suppliers in their current legacy system that will end up in the Oracle Production system. Before conversion, you must perform a supplier cleanup on these numerous names and sites.
Which three naming conventions would you use for “Best Practices” during the supplier cleanup? (Choose three.)
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Correct answer: A, D, E
A, D, E
A, D, E
A, D, E
- 9
Identify the item that requires approval through the workflow process.
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Correct answer: A
A
- 10
If you are using the multiple-organization support feature, select three items that you cannot enter at the supplier level, but only at the supplier-site level. (Choose three.)
Show answer details
Correct answer: A, C, E
A, C, E
A, C, E
A, C, E
