Free Oracle 1Z1-517 Exam Dumps Questions & Answers

The Expense Report Export program converts expense reports into invoices. Identify three statements about the export process and expense reports. (Choose three.)

• A.  If the expense report export files, the report may be modified and the Expense Report Export program may be rerun.
• B.  Payables can export and expense a report many times.
• C.  Expense reports entered in Internet Expenses are visible in Payables.
• D.  Payables records the source of and details about invoices.
• E.  Expense reports entered in Payables are visible only in Payables.
• F.  Unapproved expense reports can be exported for approval in Payables.

Select the most common level of security for the MO: Security Profile.

• A.  Responsibility
• B.  Application
• C.  Site
• D.  User

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

• A.  They are defined to disburse electronic payments from your customers.
• B.  Internal accounts define bank accounts for which you are the account holder.
• C.  They are defined for receiving electronic payments made to your suppliers.
• D.  They are defined for receiving payment from customers.
• E.  They are defined to disburse funds to suppliers.

XYZ Corporation uses Fixed Assets to manage their Asset transactions such as capitalizing, depreciating, adjusting, and retiring. After assets are purchased and the invoice is entered and accounted for, the company runs the Mass Additions Create process to send assets to Fixed Assets.
When the purchase order is written, which account must be specified on the purchase order distribution for the charge account?

• A.  the AP trade liability account associated with the operating unit
• B.  the asset cost account associated with an asset category in Assets
• C.  the asset clearing account associated with an asset category in Assets
• D.  the material account associated with the inventory organization

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.  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.
• B.  Manually enter freight-type distributions for each account that was charged.
• C.  Enable Automatically Create Freight Distribution in the invoice region in the Payables Options window.
• D.  Create a freight distribution by selecting the Create Freight Distribution check box in the Invoices window.