Most Recent Oracle 1Z0-517 Exam Dumps

Prepare for the Oracle E-Business Suite 12: Oracle Payables Essentials exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the Oracle 1Z0-517 exam and achieve success.

The questions for 1Z0-517 were last updated on Apr 1, 2025.

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Question No. 1

Assume that the withholding tax is calculated at the invoice payment time and the withholding tax rate is 20%. Identify three statements with the correct withholding tax calculations. (Choose three.)

Ainvoice amount $500, withholding tax $100 (20% of $500)

Binvoice amount $400, prepayment invoice for $200, withholding tax $4 (20% of $200)

Cinvoice amount $600, prepayment invoice for $100, withholding tax $12 (20% of $600)

Dinvoice amount $500, prepayment invoice for $250, withholding tax $50 (20% of $500 -- $250)

Einvoice amount $600, prepayment invoice for $100, withholding tax $100 (20% of $600 -- $100)

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Correct Answer: A, D, E

Question No. 2

At your client site, Cash Management is installed along with Oracle Payables. The Payables option for payment accounting is set to account for a payment both on issue and clearing. The cash clearing accounts and cash accounts are different.

What accounting happens when a payment is issued?

Adebit AP liability, credit cash

Bdebit cash clearing, credit cash

Cdebit cash, credit cash clearing

Ddebit AP liability, credit cash clearing

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Correct Answer: D

Question No. 3

Identify two features of an ''Independent'' value set. (Choose two.)

AThere is a predefined list of values for a segment.

BThe values are stored in a product applications table.

CThe values are stored in an Oracle Application Object Library table.

DYou can enter a value other than those in the predefined list of values.

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Correct Answer: A, C

Question No. 4

Identify two values that the Reporting Level parameter can have when using cross organization reports with the Multi-Org Access Control feature. (Choose two.)

ALedger

BLegal Entity

COperating Unit

DSecurity Profile

EBusiness Group

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Correct Answer: A, C

Question No. 5

Which three statements are true about prepayments? (Choose three.)

AYou cannot enter prepayments invoices in the Quick Invoice window.

BYou cannot change a permanent type prepayment to a temporary type prepayment.

CYou can only partially apply a prepayment to an invoice if the prepayment is partially paid.

DA prepayment is a type of invoice that you enter to make an advance payment to a supplier or employee.

ETemporary prepayments can be applied to invoices or expenses reports. Permanent prepayments cannot be applied to invoices.

FIt is not necessary to void the payment document that paid the prepayment to cancel an applied prepayment. You simply need to unapply the prepayment and cancel it.

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Correct Answer: A, D, E

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