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Vendor : Oracle
Exam Code : 1Z0-517
Exam Name : Oracle EBS R12.1 Payables Essentials
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1Z0-517 Questions and Answers


Question: 765

After creating a number of Financial Statement Generator reports, ABC.com wants a list of the definitions for one specific account. Which report should be run to provide that information?

  1. FSG: Content Set Detail Listing

  2. FSG: Report Detail Listing

  3. FSG: Where Used Report

Answer: C

Question: 766

A,B,C.com is a $2 million company operating from the U.S., and has one set of books. It is spinning off from its parent company and will be operating as an independent company. It is considering implementing Oracle Financials but wants the product to work exactly in the same way as its legacy systems from its parent company. What considerations should be presented to A,B,C in order for it to make a well-informed decision? (Choose all that apply.)

  1. Patching is simplified on a non-customized Oracle implementation.

  2. Adding customizations to replicate the legacy system could increase cost of future upgrades.

  3. Integration issues between modules are reduced when there are no customizations.

  4. No information can be interfaced from the legacy system to the product.

Answer: A,B,C

Question: 767

Identify the two setups that control the defaulting of Tax Information on a journal entry. (Choose two.)

  1. Set of Books

  2. Journal categories

  3. Account

Answer: A,C

Question: 768

During a period, several preapproved batches of miscellaneous transactions were entered and released. The project manager informs you that he is unable to view the accounting in the expenditure inquiry form. Which process was likely omitted?

  1. streamline costs

  2. distribute costs

  3. interface costs

  4. tieback costs

Answer: B

Question: 769

What are the possible posting options in Oracle General Ledger?

  1. Post Journal batches individually

    Post multiple batches Use AutoPost

  2. Post Journal batches individually

    Post multiple journals

  3. Post multiple batches

    Post batches that meet specific criteria by submitting a concurrent request

  4. Post Journal batches individually

Post multiple batches

Post batches that meet specific criteria by submitting a concurrent request and using Journal Approval

Answer: A

Question: 770

Which report would provide information about the processing type (parallel or sequential) that may be defined for reports?

  1. Report Detail Listing

  2. Content Set Summary Listing

  3. Row Set Summary Listing

Answer: B

Question: 771

After you determine your needs and organize your summary account structure, which General Ledger tools can you use to define parent-child values and rollup groups?

  1. Analyzer Hierarchies, Account Hierarchy Manager or Account Hierarchy Editor (provided Applications Desktop Integrator is installed).

  2. Mass Maintenance, Analyzer Hierarchies, or Account Hierarchy Manager

  3. Mass Maintenance or Account Hierarchy Manager

  4. Mass Maintenance or Account Hierarchy Editor (provided Applications Desktop Integrator is installed).

  5. Account Hierarchy Manager or Account Hierarchy Editor (provided Applications Desktop Integrator is installed).

Answer: E

Question: 772

The Consolidation Workbench enables you to , , and . (Choose three.)

  1. access the State Controller

  2. create consolidations sets, which launch multiple consolidations in a single step

  3. create multilevel hierarchies, which you can view using the graphical Consolidation Hierarchy Viewer

  4. change the chart of accounts

Answer: A,B,C

Question: 773

ABC.com wants to define a consolidation process for its enterprise. It has two sets of books: Set of Books A and Set of Books B.

Both sets of books will use Oracle General Ledger.

Set of Books A has three companies with the same calendar and chart of accounts as Set of Books B. Set of Books A has USD as its currency.

Set of Books B has four companies with the same chart of accounts and calendar as Set of Books

A. Set of Books B has GPD as its currency.

Select the consolidation method.

A. Interface Data Transformer

  1. Global Intercompany System

  2. Oracle Financial Analyzer

  3. Financial Statement Generator

Answer: D

Question: 774

You are implementing Oracle General Ledger at ABC.coms site. ABC.com is based in the US but has a global presence in many countries worldwide, and has transactions in multiple currencies. The implementation team decides that GL multi currency setup will be part of the implementation. The GL accountant approaches you to discuss multiple reporting currencies (MRC); he wants to implement MRC and link the primary set of books with the reporting set of books. Additionally, he says that the primary and reporting sets of books all have different calendars but share the same chart of accounts. What response do you provide?

  1. The primary and reporting set of books must share the same calendar and chart of accounts.

  2. There is no problem in satisfying this requirement.

  3. The primary and reporting set of books must share the same currency and chart of accounts.

  4. The primary and reporting set of books must share the same calendar, currency and chart of accounts.

Answer: A

Question: 775

Jason, the corporate controller of ABC.com where you are implementing Oracle General Ledger, Accounts Payable, an Accounts Receivable, is very excited about the Global Intercompany System (GIS). He wrote some notes from a conversation with his accounting manager about GIS. He wants you to validate which points he has written down about GIS are true. Identify Jason’s three correct points. (Choose three.)

  1. GIS enables intercompany transactions to be approved after transfer from AP and AR.

  2. Unlike intercompany accounting within the same set of books, GIS only works between sets of books but not within the same set of books.

  3. Intercompany journals are created automatically as soon as they are approved.

  4. You can set up GIS so that the sender’s transactions do not need to be approved by the receiver.

  5. If a sender approves the transaction but the receiver rejects it, the transaction is recalled.

  6. Each company that uses GIS must be set up as a subsidiary that is associated with a balancing segment value.

  7. You can optionally send notifications to a defined user or responsibility when an intercompany transaction is initiated.

Answer: D,F,G

Question: 776

One of ABC.com’s clients wants the ability to report with Financial Statements Generator (FSG) and perform account inquiry at the summary (business unit) level of its Cost Center segment. A business unit is a group of cost centers and a business unit manager typically has several cost centers under his or her responsibility. Which option will meet the client’s requirements?

  1. Define parent cost centers and a hierarchy of parent-child cost centers. Define Rollup Groups for the parent cost centers, and Summary Accounts. Create FSG based on the parent cost center values or Summary Accounts.

  2. Define parent cost centers and a hierarchy of parent-child cost centers. Define Rollup Groups for the parent cost centers. Create FSG based on the Rollup Groups.

  3. Define parent cost centers and a hierarchy of parent-child cost centers. Create Summary Accounts based

    on the parent cost centers. Create FSG based on the parent cost center values.

  4. Define parent cost centers and a hierarchy of parent-child cost centers. Define Rollup Groups for the parent cost centers. Create FSG based on the parent cost center values.

  5. Define parent cost centers and a hierarchy of parent-child cost centers. Define Summary Accounts for the parent cost centers. Create FSG based on the parent cost center values or Summary Accounts.

Answer: A

Question: 777

One of your ABC.com co-workers, Tim, is working to define and develop Financial Statement Generator reports where the budget amounts and actual amounts would display on the report per period. Tim comes to you and says that he has defined an FSG report according to the client’s requirements; the actual amounts are correctly shown, but the problem is that budget amounts are not showing up on the report. What is your response?

  1. Budget status is Frozen.

  2. The budget name needs to be associated with the row set through control values.

  3. There is some issue with the assignment of accounts to the budget organization.

  4. The first fiscal year of the budget was never opened.

  5. The last fiscal year of the budget is Closed.

Answer: B

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This includes an abundance of application applications designed for the provide chain, the internet of carriers and suppliers who design, build, ship, and deliver element elements and accomplished items of all types. IT gurus can find jobs in managing programs and monitoring activity, satisfactory, and schedules throughout the whole give chain. Plus, there's an awful lot greater work to be discovered constructing and preserving methods to manage that deliver chain, from raw substances all of the method to post-start customer assist and service. In general, provide chain management (always abbreviated as SCM) breaks down into several separate however interlocking disciplines, together with: Planning and procurement Logistics analytics Manufacturing Visualization and reporting earnings and operations throughout the entire SCM lifecycle, analytics (big statistics) performs a crucial role. Such analytics aid greater strategic resolution-making, assist agencies enrich their market positions, and present optimized returns on funding that commonly lead to accelerated growth and higher profits. because there's huge cash in the deliver chain, there may be additionally a lot of chance, in particular for people that possess the technical abilities to extract analytical insights from the wealth of information involved. When evaluating prospective SCM IT candidates, employers more and more look to certification as a measure of activity and excellence in addition to a dedication to formal tactics and great controls. listed here, we dig into five SCM-linked certifications we consider to be leaders in this box today. they're: licensed in construction and inventory management (CPIM) certified supply Chain management expert (CSCP) licensed skilled in give administration (CPSM) ASQ licensed Six Sigma Black Belt (CSSBB) Oracle E-business Suite provide Chain certified Implementation expert These credentials are intermediate to senior level when it comes to their depth and breadth of insurance, and of their assumed tiers of capabilities, capabilities, and adventure for certified candidates. on the end of this text, we present additional certification options. that is because the SCM container is big and becoming, with numerous other alternate options that interested IT execs can choose between. provide chain administration jobs cowl lots of territory, and they consist of such titles as SC analyst, SC developer, SC administrator, SC architect, and more. common salaries for SCM professionals range generally by vicinity and strong point. That stated, salaries for CPIMs range from a low of beneath $30,000 to a high of $117,000, with a median of about $fifty seven,000, in keeping with SimplyHired's salary estimator. The CPSM scored the maximum salary, at more than $a hundred twenty five,000. A everyday search on "provide chain supervisor" produced the following annual salaries: $fifty four,000 (low), $ninety,000 (median), $149,000 (high). when you are seriously drawn to provide chain administration, certification is an outstanding alternative to develop your profession. lots of specialists from the container, including a SCM challenge supervisor at Boeing, a three-member panel that blanketed SCM practitioners and consultants, and a market research enterprise, all identified certifications as anywhere from useful to simple for aspiring SCM specialists. We can not assist but do likewise right here. before digging into the trivia of our proper 5 SCM certifications, appear over our casual job board survey. This records experiences the number of job posts nationwide for which our featured credentials were outlined on a selected day. These numbers should provide you with an outstanding hold close on the relative popularity and demand for each and every of these certifications. Job Board Search consequences (in alphabetical order, by means of certification) licensed in production and inventory administration (CPIM) The CPIM comes from the affiliation for Operations administration, aka APICS. It became in the beginning referred to as the American construction and stock handle Society, whence its acronym comes. Now, some 60 years after it changed into founded, APICs is a global physique that comprises fingers devoted to construction, inventory control, supply chain administration, and transportation and logistics. As such issues go, the CPIM has been round for a very long time, having first been offered in 1973. greater than one hundred,000 individuals hang this credential. [Take a Certified in Production & Inventory Management Practice Test at Udemy] The CPIM seeks to identify people with a powerful working skills of provide chain management concepts and most useful practices. The discipline be counted lined in the certification working towards and trying out contains demand administration, procurement and agency planning, material requirements planning, skill requirements planning, earnings and operations planning, grasp scheduling, service provider relationships. there is additionally a robust emphasis on great manage and continuous development methods and practices. CPIM information and Figures Certification nameCertified in construction and inventory administration (CPIM) must haves & Required classesTraining is required, however could be self-paced ($1,240 and up) or within the lecture room ($1,750 for contributors; $1,980 for nonmembers and up) variety of tests Two exams: CPIM part 1 and part 2, which cover 5 important subject matter areas (additionally outline in-category modules taught for this curriculum)basics of supply Chain ManagementMaster Planning of ResourcesDetailed Scheduling and PlanningExecution and manage of OperationsStrategic administration of materials can charge of exam gaining knowledge of bundles that include practicing plus checks add $440 to the above expenditures. Annual association membership (dues are $220) is additionally required. URL http://study.apics.org/cpim/ Self-look at componentsAPICS sells online training, practice checks and assessments via its CPIM page. local APICS chapters present teacher-led practicing at ordinary intervals. certified expert in give administration (CPSM) The CPSM is issued through the Institute for deliver administration, or ISM. On its history page, the company claims "more than 100 years of adventure." They also declare that greater than 60,000 CPSMs have been earned, although this quantity includes both lapsed and present credentials. The ISM takes the certification technique very seriously. It uses training SMEs and performs distinctive job task analyses to examine what themes to cover on its assessments. SMEs also write candidate questions, then evaluation them as a committee, to select questions for inclusion on assessments. question banks are subject to ongoing psychometric analysis in order that they precisely test for actual-world capabilities and expertise, and reflect candidate's analytical, realizing, and difficulty-fixing expertise. The CPSM is valid for 3 years, after which holders need to follow for recertification, along with documentation for 60 hours of accepted continuing training hours (CEHs as ISM calls them). The ISM offers a CPSM FAQ that files normal costs to earn the credential: $1,200 to $1,800 for ISM participants; $2,000 to $2,400 for nonmembers. topics on the three required CPSM assessments come from plenty of domains, and are fully documented within the CPSM FAQ and its examination standards. The ISM needs CPSMs to have a strong draw close of all predominant themes, tendencies and technologies, and superior practices as they relate to give administration. in addition, ISM additionally offers a CPSD (licensed professional in agency diversity) credential, which seeks to assist agencies have interaction in organization range. CPSM information and Figures Certification nameCertified professional in provide management (CPSM) prerequisites & Required coursesThree years' full-time supply administration journey in a non-clerical, non-aid function, plus a locally authorised bachelor's diploma. then again, 5 years of like journey (nonclerical, nonsupport) is additionally perfect. lessons are non-compulsory. number of checks Three assessments:exam 1 foundation of deliver management (2:forty five, a hundred sixty five questions)exam 2 useful supply administration performance (2:45, 165 questions)exam three leadership in deliver administration (three:00, 180 questions) checks may well be taken at Pearson VUE checking out facilities or with the aid of prior association with ISM for on-web site training/testing combos. cost of examination $229 for ISM participants; $379 for first exam for nonmembers (contains fee of membership in the charge; subsequent checks can be at member charge.) Annual membership is required and charges $210 to be a part of, and $a hundred ninety thereafter to retain. URL https://www.instituteforsupplymanagement.org/certification/content material.cfm?ItemNumber=30605 Self-analyze partsISM presents a number examination-practise materials, together with study assistance and look at substances that encompass a studying checklist, three volumes of study guides ($79/$119 member/nonmember and up), self-look at workbooks, apply exams, and more. quite a lot of bundles is purchasable, and contributors qualify for discounts. certified deliver Chain professional (CSCP) The CSCP is one more certification from APICS (it additionally sponsors the CPIM certification). This credential has been obtainable on the grounds that 2006, and more than 21,000 gurus from all over have earned it in view that then. The pointed out intention of the certification is to support gurus show their supply chain competencies and advantage and to enhance "more streamlined operations." Eligibility necessities for the CSCP require that candidates meet at least one among right here criteria: Three years of linked company journey Bachelor's diploma (or international equivalent degree or degree of study) Candidate holds the CPIM, CLTD or CSCP, CTL, CFPIM, CIRM, SCOR-P, C.P.M., CSM or CPSM certifications As with the CPIM, candidates should finished practicing to take the exam. Self-examine alternate options are available throughout the CSCP gaining knowledge of gadget (PLUS contributors pay $995; CORE or nonmembers pay $1,380). instructor-led on-line courses can be found from Fox Valley Technical school. instructor-led working towards is available through various APICS training partners, beginning at $3,095 ($3,295, which contains APICS membership). APICS additionally offers a different certification aimed at provide chain logistics: the CLTD (licensed in Logistics, Transportation and Distribution). CSCP records and Figures Certification callCertified deliver Chain expert (CSCP) prerequisites & Required coursesTraining is required, however may be self-paced ($995/$1,380 and up) or within the school room ($three,095 for members; $three,295 for nonmembers and up) number of assessments One exam (3:30, 150 assorted-option questions)available via Pearson VUE (authorization to look at various form ought to be achieved to purchase the examination) charge of examination PLUS Member $695CORE Member/Non-member fee: $915 (retake $450 [all categories])Annual affiliation membership of $220 also required URL http://www.apics.org/credentials-education/credentials/cscp Self-examine materials APICS sells on-line practicing, apply checks and assessments through its CSCP web page. local APICS chapters and different practising outlets present instructor-led training at ordinary intervals. ASQ Six Sigma Black Belt Certification (CSSBB) There are several sources for Six Sigma certification. We selected one of the crucial widespread as our exemplar right here. however the number of attainable jobs undercount the entire demand for Six Sigma-licensed Black Belts, as a result of there's more than one authorized sponsor for this variety of certification. That noted, all Six Sigma Black Belts should still be able to explain Six Sigma philosophies and ideas as well because the techniques and tools that assist them. also, such a person must exhibit crew leadership, absolutely understands crew dynamics, and is capable of assign and control team member roles and responsibilities. [Take a Six Sigma Black Belt Course on Udemy] Six Sigma Black Belts deeply be mindful the DMAIC model (outline, measure, analyze, enrich and handle) as it pertains to Six Sigma ideas and practices, specially because it relates to manufacturing and service birth. They additionally possess primary capabilities about lean business concepts, and might establish non-value-added facets and actions. They additionally know a way to use selected tools and innovations. CSSBB certification requires two completed tasks, each with a signed affidavit. however, a person with three years' work experience in one or more areas of the certification's physique of advantage, plus a single signed affidavit, might also additionally qualify. Recertification is required every three years. ASQ and different certifying corporations present different Six Sigma credentials as neatly, for those attracted to fine control and lean business ideas. CSSBB facts and Figures Certification nameCertified Six Sigma Black Belt (CSSBB) prerequisites & Required coursesTraining is required but could be self-paced ($995/$1,380 and up) or in the classroom ($three,095 for members; $three,295 for nonmembers and up) number of tests One exam, two forms:laptop-based mostly (4:30, a hundred sixty five numerous-alternative questions)Paper & pencil (4:00, 150 numerous-choice questions)particular info seems within the CSSBB brochure (PDF layout)exams are made accessible on selected dates for each forms, see date information on the CSSBB page below the CBT and special Administration headings. cost of examination ASQ participants: $388Nonmembers: $538Retakes: $388 URL https://asq.org/cert/six-sigma-black-belt Self-analyze partsASQ lists practising, Books (an in depth analyzing listing) and other components on the CSSBB web page. Oracle E-business Suite 12 deliver Chain certified Implementation specialist: Oracle purchasing not most effective is that this Oracle credential a real mouthful, or not it's probably the most popular, as measured via particular mention within the job posting sites. besides the fact that children this certification is more narrowly focused than the different five designations it takes paying for for the supply chain as its fundamental theme it looks to be in excessive and widely wide-spread demand. That possible reflects Oracle's dominant place in the commercial enterprise database market, as a good deal as it displays the magnitude of most desirable procuring tactics and practices in the broader container of SCM. somewhat atypically, Oracle does not require training to earn this credential, even though a number of not obligatory classes are available: most effective a single exam is required to earn this credential, as further defined within the records and Figures section. Oracle offers a lot of other certifications under the E-business Suite 12 deliver Chain and different headings, together with: Oracle presents numerous single-exam implementation expert credentials that cowl many, if now not most, job roles linked to designing, building, and keeping database purposes to handle provide chain themes and technologies. The particulars, whereas particular to at least one such exam, generally describe what any one searching for one of the vital preceding SCM-related credentials is likely to stumble upon. talk over with the All Certifications web page at Oracle institution to look every thing it really is obtainable in Oracle's large certification program. Dozens of gadgets there, primarily under the applications and Oracle Cloud headings, focal point on SCM issues and technologies. Oracle E-enterprise Suite Procurement statistics and Figures beyond the desirable five deliver Chain Certifications once you go outside our top 5 picks, there are still loads of SCM certification alternatives from which IT pros can choose to pursue their profession construction and advancement alternate options. SAP, as an example, presents three application (solution) consultant SAP SCM credentials: one on Planning & Manufacturing, one on ERP Procurement (material administration), and one on ERP Order achievement (sales Order management). Taken en masse, these three items pretty much matched the job counts for the Six Sigma Black Belt that comprehensive in remaining vicinity in our true 5, so these credentials have some market presence and heft. Relative newcomer Kinaxis, which presents assorted certifications for its RapidResponse product, can also even be value a glance. Their latest credentials cover individuals who resolve business issues the use of simulations (referred to as Contributors); builders who construct and regulate RapidResponse substances, equivalent to worksheets, dashboards, and signals (referred to as Authors); and individuals who installation, configure, and keep RapidResponse techniques users and statistics (called directors). study greater about their choices on the company's Certification program domestic page. different SCM certifications aren't any doubt accessible in this busy and lively industry. As at all times, we suggest that you just look at every other participant's program (and company) sturdiness, the size of their certified inhabitants, and the rigor of their certification program (Do they do job assignment evaluation? Psychometrics? Formal item assessment and screening?) earlier than investing your difficult-earned cash and precious time into such choices. but with SCM one of these powerful force within the office, we're satisfied or not it's a fine focal point for a protracted and engaging IT profession. While it is hard errand to pick solid certification questions/answers assets regarding review, reputation and validity since individuals get sham because of picking incorrectly benefit. Killexams.com ensure to serve its customers best to its assets as for exam dumps update and validity. The greater part of other's sham report objection customers come to us for the brain dumps and pass their exams cheerfully and effortlessly. We never bargain on our review, reputation and quality because killexams review, killexams reputation and killexams customer certainty is imperative to us. 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