Oracle EBS R12.1 Payables Essentials

Here you have the best Oracle 1z0-517 practice exam questions

You have 297 total questions to study from
Each page has 5 questions, making a total of 60 pages
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This questions were last updated on October 29, 2025
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Question 1 of 297

What is a benefit of the secondary tracking segment?

Additional security ensures that correct accounts are selected while entering transactions.

The Management segment is enabled automatically when the secondary segment is defined.

More details are provided to retained earnings, cumulative translation adjustments, and revaluation gains/losses accounts.

Correct Answer: C

Question 2 of 297

Payables lists four seeded payment methods. They are check, outsourced check, electronic, and wire. Choose the correct description for wire.

a paper check to print and send to a supplier

an EFT, EDI, or XML to the bank of a supplier

a funds transfer initiated by contacting the bank and requesting wire payment to the bank of a supplier

transmission of payment information to an external party, such as your bank, that prints checks on your behalf

Correct Answer: C

Question 3 of 297

With Oracle Cash Management, you can reconcile payments created in Payables to your bank statements. When you reconcile payments using Oracle Cash
Management, Cash Management updates the status of payments. Select the new status.

issued

updated

negotiable

reconciled

Correct Answer: D

Question 4 of 297

Which event reverses an accrual for an item set to accrue on receipt?

paying an invoice

delivering goods to a final destination

running the Receipt Accruals - Period-end process

matching an invoice in Payables to a purchase order

Correct Answer: D

Question 5 of 297

Identify three setup options that are defined in the Financial Options window. (Choose three.)

interest

retainage

miscellaneous

expenses clearing

expense AP accrual account

Correct Answer: B, C, D