Oracle 1Z0-516 EBS R12 General Essential Practice Exam Set 2

To transmit an electronic payment instruction manually, perform these four steps. 1. In the Payments Manager, select the Payment Instruction tab. 2. In the Status field of the Search region, select Formatted - Ready for Transmission and click the Go button. 3. For the applicable payment instruction, click the Take Action icon. The Transmit Payment Instruction: page is displayed. 4. From the Actions drop-down list, select Transmit and click the Go button. Arrange the steps in the proper sequence they would be performed.


Options are :

  • 2, 3, 4, 1
  • 1, 3, 4, 2
  • 1, 2, 3, 4
  • 1, 3, 2, 4

Answer :1, 2, 3, 4

1Z0-517 Oracle EBS R12.1 Payables Essentials Practice Exam Set 11

In the Payment Process Requests, which action(s) can you perform on invoices that are selected for a pay run? 1. Review unselected invoices. 2. Change the invoice amount or the discount taken. 3. Add selected invoices to the payment process request. 4. Remove selected invoices from the payment process request. 5. Recalculate interest, payment withholding, or exchange rates.


Options are :

  • 1, 2 and 5 only.
  • All actions 1-5.
  • 1, 3 and 4 only.
  • 1, 2, 3 and 4 only.

Answer :1, 3 and 4 only.

There are many fields with important data displayed on the main page of the Payables Overview window. Which three fields do NOT appear in the Payables Overview main window? (Choose three.)


Options are :

  • Terms
  • Trading Partner
  • Paygroup
  • Remit-To Bank Account Name
  • Settlement Date

Answer :Terms Paygroup Remit-To Bank Account Name

Identify four purposes for which the Special Calendar is used. (Choose four.)


Options are :

  • automatic tax withholding
  • controlling the number of future periods
  • recurring invoices
  • opening and closing payables periods
  • Key Indicators Report
  • payment terms

Answer :automatic tax withholding recurring invoices Key Indicators Report payment terms

1Z0-516 Oracle EBS R12.1 General Ledger Essentials Exam Set 9

Which four selection criteria can be used when creating a pay run? (Choose four.)


Options are :

  • pay group
  • due date
  • invoice batch
  • supplier
  • payment priority
  • customer

Answer :pay group invoice batch supplier payment priority

What are the three prerequisites for interfacing Payables invoice lines with Assets? (Choose three.)


Options are :

  • The invoice has no holds.
  • The invoice has been transferred to General Ledger.
  • The invoice must be posted to General Ledger.
  • The invoice distribution has "Track as Asset" selected.
  • The distribution account is an Asset Clearing or CIP account.

Answer :The invoice has been transferred to General Ledger. The invoice distribution has "Track as Asset" selected. The distribution account is an Asset Clearing or CIP account.

Identify four options for Quick Payments. (Choose four.)


Options are :

  • Create a quick payment, and select an invoice regardless of the due date
  • Create and print a computer-generated payment to pay a supplier for one or more invoices.
  • Select an invoice that has not been validated.
  • Create a quick payment, and select an invoice regardless of the payments terms.
  • Select an invoice that has one or more holds
  • Create a check, save it, and print it later.

Answer :Create a quick payment, and select an invoice regardless of the due date Create and print a computer-generated payment to pay a supplier for one or more invoices. Create a quick payment, and select an invoice regardless of the payments terms. Create a check, save it, and print it later.

Oracle 1Z0-976 Cloud Service Implementation Essentials Exam Set 3

Choose the process that can be performed after a pay run has been formatted.


Options are :

  • Prevent payment to a supplier.
  • Change an invoice amount.
  • Print checks from the output file.
  • Prevent payment of a particular invoice.
  • Add an invoice that Payables did not originally select.

Answer :Print checks from the output file.

Identify three statements that are true for entering bank and branch details. (Choose three.)


Options are :

  • Banks and bank branches are created for Cash Management.
  • Bank accounts cannot be shared between bank and bank branches.
  • Each bank must have at least one bank branch.
  • Each bank can have multiple branches and each branch can have multiple accounts.
  • The bank account number is free-formatted information.

Answer :Each bank must have at least one bank branch. Each bank can have multiple branches and each branch can have multiple accounts. The bank account number is free-formatted information.

To review All of Todays selected invoices from the payment process request in the Payment Manager, perform these actions: 1. Navigate to the Payment Process Request component. 2. Navigate to the (B) Views window. 3. Select All of Todays from the drop-down list. 4. Click the Go button. 5. The payment process request for today is displayed. Select the actions, arranged in their proper sequence.


Options are :

  • 1, 2, 3, 4, 5
  • 5, 2, 3, 4, 5
  • 5, 2, 3, 4
  • 2, 3, 4, 5

Answer :1, 2, 3, 4, 5

1Z1-574 Oracle IT Architecture Essentials Practice Exam Set 3

Oracle Payments is the central payment engine for Oracle E-Business Suite Release 12. Identify three modules that integrate with Oracle Payments. (Choose three.)


Options are :

  • Receivables
  • Cash Management
  • Payables
  • Order Management
  • Assets

Answer :Receivables Cash Management Payables

Company ABC has implemented Oracle Payables. They have decided not to define supplier bank accounts. They will use payment batches, quick payments, and manual payment processing. Select three payment methods that are available based on the company's requirements. (Choose three.)


Options are :

  • electronic funds transfer (EFT)
  • clearing
  • electronic data interchange (EDI)
  • extensible markup language (XML)
  • wire
  • check

Answer :clearing wire check

ABC Corporation wants to convert from their existing legacy application to Oracle EBusiness Suite Release 12. Identify three statements that are true for invoice conversion. (Choose three.)


Options are :

  • Use Payables Open Interface to convert unpaid invoices and credit memos.
  • Invoices related to employee expense cannot be converted
  • Merge all paid invoices for a supplier.
  • Develop metrics that will be used to determine whether data conversion was successful.
  • Establish a cutoff date after which invoices will be entered in Payables.

Answer :Use Payables Open Interface to convert unpaid invoices and credit memos. Develop metrics that will be used to determine whether data conversion was successful. Establish a cutoff date after which invoices will be entered in Payables.

1Z0-520 Oracle EBS R12 Purchasing Essentials Practice Exam Set 7

Before you can pay or create accounting entries for an invoice, the Invoice Validation process must validate the invoice. After this process is run, there is data that cannot be updated, modified, or changed. Choose three data fields that cannot be updated, modified, or changed after the Invoice Validation process has run and this invoice has a prepayment applied to it. (Choose three.)


Options are :

  • supplier number
  • supplier site
  • invoice date
  • trading partner
  • invoice description

Answer :supplier number invoice date trading partner

A client is implementing ACH and has a business requirement that all invoices go through an approval process flow. Identify three features of the Invoice Approval Workflow that would meet their requirement. (Choose three.)


Options are :

  • allows for corrections to invoices to be made while still in the approval routing process
  • allows automatic resubmission of an invoice if rejection occurs
  • has predefined criteria to identify which invoices require approval
  • provides time limits as to how long an invoice can remain unapproved before being automatically rerouted to the next approver
  • allows approval routing management from one central responsibility
  • provides automatic routing of invoices upon approval to another designated approver

Answer :has predefined criteria to identify which invoices require approval provides time limits as to how long an invoice can remain unapproved before being automatically rerouted to the next approver provides automatic routing of invoices upon approval to another designated approver

Which statement is true about paying invoices?


Options are :

  • An invoice can be paid without being validated.
  • An invoice must be validated before you can create invoice accounting entries.
  • Invoice accounting entries and payment accounting entries can be transferred at different times to General Ledger only if they are in different calendar periods.
  • Both invoice accounting entries and payment accounting entries must be transferred to General Ledger at the same time if they are in the same calendar period.
  • An invoice can be paid only after the invoice accounting entries are created.

Answer :An invoice must be validated before you can create invoice accounting entries.

1Z0-518 Oracle EBS R12 Receivables Essentials Practice Exam Set 1

Select three types of Payables open interfaces that will import data into Payables from other applications or third-party solutions. (Choose three.)


Options are :

  • Matching Open Interface
  • PCard Open Interface
  • Payments Open Interface
  • Receiving Open Interface
  • Supplier Open Interface

Answer :Matching Open Interface PCard Open Interface Supplier Open Interface

Identify three statements that are true for supplier's bank details. (Choose three.)


Options are :

  • Payables uses bank account information to generate an electronic payment for a supplier.
  • Suppliers maintain their bank details.
  • Bank details are required only for manual check payments.
  • Bank accounts can be added at any time for a supplier or supplier site.
  • Updating bank accounts for a supplier will not affect bank accounts for existing supplier sites.

Answer :Payables uses bank account information to generate an electronic payment for a supplier. Bank accounts can be added at any time for a supplier or supplier site. Updating bank accounts for a supplier will not affect bank accounts for existing supplier sites.

You just received an invoice for a new supplier. You need to pay it and ensure that all accounting entries are created in General Ledger. You perform these steps, in the order shown: 1. Enter the supplier. 2. Enter the invoice. 3. Create the pay run. 4. Create payment accounting entries. 5. Validate the invoice. 6. Create invoice accounting entries. 7. Transfer the information to General Ledger. What would be the result?


Options are :

  • The invoice is not paid but the invoice accounting entry is created in General Ledger.
  • The invoice is not paid and no entries are created in General Ledger.
  • The invoice is paid and all accounting entries are created in General Ledger.
  • The invoice is paid but only the invoice accounting entry is created in General Ledger

Answer :The invoice is not paid but the invoice accounting entry is created in General Ledger.

Oracle 12c SQL Certified Associate 1Z0-071 Real Exam 2019 Set 2

Company ABC has decided to use the invoice approval workflow to require approval on all invoices. Select two exceptions where Payables automatically sets the approval status to not required. (Choose two.)


Options are :

  • recurring invoices if the approval workflow option required was not enabled on the template
  • invoices created using the Pay on Receipt Autoinvoice program
  • invoices created after invoice workflow approval is enabled
  • invoices imported through EDI
  • expense reports imported through the Payables Expense Report Import program

Answer :recurring invoices if the approval workflow option required was not enabled on the template expense reports imported through the Payables Expense Report Import program

Jane, the GL accountant, asks you whether she could delete the budget after it has been defined. She also wants to know whether she could delete the budget organization after it has been defined. What would be your response?


Options are :

  • You cannot delete a budget after it has been defined. However, you can delete a budget organization.
  • You can delete the budget and the budget organization after they have been defined.
  • You cannot delete the budget or the budget organization after either has been defined.
  • You cannot delete a budget organization after it has been defined. However, you can delete a budget.

Answer :You cannot delete a budget after it has been defined. However, you can delete a budget organization.

Select four tips that can be used to speed up data entry. (Choose four)


Options are :

  • Use only invoices without holds.
  • Use distribution sets.
  • Use quick invoices.
  • Use keyboard shortcuts
  • Use recurring invoices.

Answer :Use distribution sets. Use quick invoices. Use keyboard shortcuts Use recurring invoices.

1Z0-516 Oracle EBS R12 General Ledger Essentials Exam Set 10

Which three restrictions apply when you are paying invoices with a "quick" payment type? (Choose three.)


Options are :

  • You can pay only as many invoices as you defined for the remittance advice of the payment document.
  • You can select only those invoices that have the same supplier site as the payment supplier site you enter.
  • If you want to pay multiple invoices, none can be of an invoice type of prepayment
  • You can select only those invoices that are due.
  • If you want to pay multiple invoices, none can be a pay-alone invoice.

Answer :You can pay only as many invoices as you defined for the remittance advice of the payment document. You can select only those invoices that have the same supplier site as the payment supplier site you enter. If you want to pay multiple invoices, none can be a pay-alone invoice.

The Quick Payment method is best described as the method of _____.


Options are :

  • creating and printing a computer-generated payment to pay a supplier for one or more invoices
  • creating a payment without an invoice
  • manually writing a check outside of Payables
  • recording a payment made outside of Payables

Answer :creating and printing a computer-generated payment to pay a supplier for one or more invoices

Which two statements are true if you select the QuickMatch invoice type? (Choose two.)


Options are :

  • Payables automatically creates invoice distributions on the basis of the purchase order distributions.
  • Payables automatically completes the match to all available shipments on the purchase order.
  • You can use QuickMatch to match individual distribution lines.
  • You can use QuickMatch to match individual purchase order shipments

Answer :Payables automatically creates invoice distributions on the basis of the purchase order distributions. Payables automatically completes the match to all available shipments on the purchase order.

1Z0-520 Oracle EBS R12 Purchasing Essentials Practice Exam Set 4

Identify three statements that are true about bank account information. (Choose three.)


Options are :

  • Payables, Receivables, and/or Treasury uses bank accounts.
  • Bank accounts are used to calculate the supplier's discount
  • Payables uses an internal bank account to disburse funds to suppliers.
  • Disbursement bank accounts cannot be used for payment
  • Receivables uses a bank account to receive payments from customers.

Answer :Payables, Receivables, and/or Treasury uses bank accounts. Payables uses an internal bank account to disburse funds to suppliers. Receivables uses a bank account to receive payments from customers.

You are working on an implementation for Accounts Payable. Many payments for small suppliers will be made outside the system, but your client does not want to manually record them because that would be time consuming. Choose the best solution.


Options are :

  • Create electronic payment batches by using a wire payment method for those multiple suppliers, and then delete the resulting electronic file.
  • Create electronic payment batches by using a check payment method for those multiple suppliers, and destroy those checks.
  • Create electronic payment batches by using an electronic payment method such as EFT for those multiple suppliers, and then do not send the resulting electronic file to the bank.
  • Create electronic payment batches by using a clearing payment method for those multiple suppliers because this payment method does not generate a file.

Answer :Create electronic payment batches by using a wire payment method for those multiple suppliers, and then delete the resulting electronic file.

Identify three invoice holds that cannot be manually released. (Choose three.)


Options are :

  • Invoice Hold Reason
  • Acct Hold Reason
  • Variance Hold Reason
  • Insufficient Information
  • Funds Hold Reason
  • Prepaid Amount Reason

Answer :Acct Hold Reason Insufficient Information Prepaid Amount Reason

1Z0-517 Oracle EBS R12.1 Payables Essentials Practice Exam Set 3

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.


Options are :

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

Answer :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.

Identify three types of entities that can be defined and related to one another in Oracle Applications. (Choose three.)


Options are :

  • responsibilities
  • business groups
  • ledger
  • paygroups
  • legal entities

Answer :business groups ledger legal entities

Oracle 12c SQL Certified Associate 1Z0-071 Real Exam 2019 Set 4

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