Free Oracle 1Z0-517 Exam Questions

Become Oracle Certified with updated 1Z0-517 exam questions and correct answers

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Total 141 Questions | Updated On: Oct 26, 2026

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Question 1

Identify the conditions that must exist before you can apply an advance against an expense report.

A : The prepayment type is temporary and has been fully applied.

B : The prepayment type is temporary and has not been fully applied.

C : The prepayment type is permanent, has been validated, and not canceled.

D : The prepayment type is permanent and no active holds exist for the prepayment.

Answer: B

Question 2

You have received an invoice that requires an immediate payment. The next scheduled check run is not until the end of the week. Which two methods may you use to create the payment? (Choose two.)

A : Enter the invoice in the Invoice Workbench, and validate the invoice. Open the Payment Workbench and create a quick payment.

B : Enter the invoice in the Invoice Workbench, and validate the invoice. Open the Payment Workbench and create a manual payment.

C : Enter the invoice in the Invoice Workbench, validate the invoice, and select pay in full. This accesses the Payment Workbench and creates a quick payment.

D : Enter the invoice in the Invoice Workbench, validate the invoice, and select pay in full. This accesses the Payment Workbench and creates a manual payment.

Answer: A,C

Question 3

You can hold the payment of an entire invoice or part of an invoice. This hold prevents a validated invoice from being selected in a Payment Batch, and paid. Identify the Payables window where you can select the Hold check box to place the invoice on a Payment Hold.

A : Enter Payments

B : Invoice Overview

C : Invoice Distributions

D : Scheduled Payments

Answer: D

Question 4

In the accrual process for perpetual accruals, which two events generate accounting entries that can be transferred to GL? (Choose two.)

A : processing a receipt

B : entering a purchase order

C : running the period-end accrual program

D : entering invoices and matching them in Payables

Answer: A,D

Question 5

Which statement is true about paying invoices?

A : An invoice can be paid without being validated.

B : An invoice can be paid only after the invoice accounting entries are created.

C : An invoice must be validated before you can create invoice accounting entries.

D : Invoice accounting entries and payment accounting entries can be transferred at different times to General Ledger only if they are in different calendar periods.

E : Both invoice accounting entries and payment accounting entries must be transferred to General Ledger at the same time, if they are in the same calendar period.

Answer: C

Page: 1 / 29

Total 141 Questions | Updated On: Oct 26, 2026

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