Prepare with Oracle : 1Z1-517 exam braindumps as your best preparation materials

Identify three features of a Balancing Entity. (Choose three.)

• A. Balance sheets are prepared for a Balancing Entity.
• B. A Balancing Entity is represented as a balancing segment value in the accounting flexfield structure.
• C. Multiple Balancing Entities within the same Operating Unit structure is not supported.
• D. Oracle E-Business Suite Release 12 automatically secures balancing segment values within your chart of accounts with specific Legal Entities or Operating Units.
• E. A Legal Entity may comprise one or more than one balancing segments.

Identify three statements that are true for creating withholding tax for standard, recurring, and prepayment invoices. (Choose three.)

• A. You can set up a special calendar to define periods that Payables uses for automatic withholding tax.
• B. The Withholding Tax Report is prepared by suppliers.
• C. There can be multiple withholding tax codes with multiple tax authorities assigned to a group.
• D. The Withholding Tax Group default in from the supplier or supplier site.
• E. The Withholding Tax Invoice Description field does NOT include the invoice that the withholding tax invoice is associated with.

Identify three features of Payment Manager. (Choose three.)

• A. updates a supplier's bank details
• B. creates payment process request templates by specifying invoice selection criteria
• C. uses templates to select invoices to pay that meet the payment criteria
• D. provides calculation of the interest amount
• E. automatically submits invoices via payment process requests to Oracle Payments for processing and payment

As part of its closing process, XYZ Corporation reviews receipt accruals. Occasionally, Payables matches incorrectly, and therefore they find that some perpetual accruals never clear, leaving reconciliation items on their accrual reports.
Which two actions can they perform to solve the problem? (Choose two.)

• A. Reverse the invoice distributions and rematch if possible.
• B. Run the Uninvoiced Receipts Report to identify the receipt accrual that has not cleared and create a manual journal entry in General Ledger to clear the receipt from the report.
• C. Run the Matching Hold Detail Report to identify the receipt that has not cleared and use the Write-Off window to remove the item from reappearing on subsequent reports. Create a manual journal entry in General Ledger to clear the accrual.
• D. Run the Accrual Rebuild Reconciliation Report to identify the receipt accrual that has not cleared and use the Write-Off window to remove the item from reappearing on subsequent reports. Create a manual journal entry in General Ledger to clear the accrual.

Identify the three levels that a Pay Group may be assigned. (Choose three.)

• A. invoice
• B. purchase order
• C. payment type
• D. supplier
• E. supplier's site