Oracle 1Z0-517 Actual Free Exam Questions & Community Discussion

Exam Code/Number: 1Z0-517
Exam Name/Title: Oracle EBS R12.1 Payables Essentials
Certification Provider: Oracle
Corresponding Certification: E Business Suite

Exam Questions: 140
Updated On: Oct 03, 2026

Question #1

Identify three true statements about the invoice approval workflow. (Choose three.)

A. If an approver approves the invoice, the invoice goes to the next person in the approver list until all required people approve the invoice.

B. If an approver does not respond within the time you specify, the Workflow requests approval from that person's manager.

C. If the invoice amount is chanaged after the invoice is already submitted to the approval process or after the process is complete, the system does not automatically resubmit the invoice for approval.

D. If an approver does not respond within the time you specify, Workflow routes the invoice back to the originator.

E. If an approver rejects the invoice, the Workflow program ends.

Discussion 0

Correct Answer: A,B,E Vote an answer

Question #2

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

A. Use Payables Open Interface to convert unpaid invoices and credit memos.

B. Invoices related to employee expense cannot be converted.

C. Establish a cutoff date after which invoices will be entered in Payables.

D. Merge all paid invoices for a supplier.

E. Develop metrics that will be used to determine whether data conversion was successful.

Discussion 0

Correct Answer: A,C,E Vote an answer

Question #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.

A. Manually enter freight-type distributions for each account that was charged.

B. Create a freight distribution by selecting the Create Freight Distribution check box in the Invoices window.

C. Enable Automatically Create Freight Distribution in the invoice region in the Payables Options window.

D. 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.

Discussion 0

Correct Answer: D Vote an answer

Question #4

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

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

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

C. They are defined to disburse funds to suppliers.

D. They are defined for receiving payment from customers.

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

Discussion 0

Correct Answer: A,C,D Vote an answer

Question #5

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. Accounts Payable Trial Balance

B. Mass Additions Create

C. Accrual Write-Off

D. Uninvoiced Receipts

Discussion 0

Correct Answer: D Vote an answer

Question #6

ABC Corporation has set up the Accounting Key Flexfield. It has also set up a Descriptive Flexfield to store vehicle information associated with the asset category "Vehicle." Identify three correct statements. (Choose three.)

A. The Descriptive Flexfield is called an "intelligent key structure."

B. The combination of values in the Accounting Flexfield identifies a particular business entity or class of entities.

C. The Descriptive Flexfield for the asset category "Vehicle" captures only additional information.

D. You can define cross-validation rules to control the allowable combinations of segment values for the Accounting Flexfield.

E. The Descriptive Flexfield for the asset category "Vehicle" appears as a normal field on a form.

Discussion 0

Correct Answer: B,C,D Vote an answer

Question #7

Identify the two methods that are NOT used to enter invoice distributions. (Choose two.)

A. using the Distributions Open Interface

B. using a distribution set

C. creating through allocations

D. manually entering in the distributions window

E. matching the invoice to a shipment

Discussion 0

Correct Answer: A,E Vote an answer

Question #8

To enter manual tax lines on invoices, enable manual tax options in E-Business Tax. Select three setup options for manual tax lines. (Choose three.)

A. Event Class

B. Regime, Tax

C. Regime, Tax, Tax Jurisdiction

D. Tax - Controls and Defaults

E. Regime

F. Configuration Owner

Discussion 0

Correct Answer: A,D,F Vote an answer

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