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Free 1z0-517 – Oracle EBS R12.1 Payables Essentials Practice Test Question

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Showing 1–3 of 10 questions

Question 1

Shared entities are used throughout Oracle E-Business Suite Release 12. Identify the four entities that are shared. (Choose four.)

Select all that apply, then click Submit answer.

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    Ledger
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    Sales Force
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    Unit of Measure
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    Invoice Sources
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    Oracle Application Object Library (AOL)
Question 2

Identify three processes that you must run before closing your Payables period. (Choose three.)

Select all that apply, then click Submit answer.

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    Expense Report Export
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    The Create Accounting program
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    Payables Open Interface Import
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    Period Close Exceptions Report
  • ○

    The Transfer Journal Entries to GL program
Question 3

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

Select all that apply, then click Submit answer.

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