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: Mar 11, 2026

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Question 1

Company Z has implemented Payables, General Ledger, and Project Accounting. Both Transfer to GL and Interface Supplier Costs are processed each night. A descriptive flexfield called “SAI Value” has been defined on the invoice header to capture additional information, and is used in conjunction with the accounting on the invoices. This is not a required field. There is a corresponding user-defined hold called “SAI Hold”, which is manually applied whenever an invoice is created and the “SAI Value” has not been provided to Company Z by the supplier. During weekly reviews of accounting, users have found that invoice transactions that are on “SAI Hold” are displayed in Project Accounting but not in General Ledger. Select what is causing this issue.

A : Invoices have not been validated.

B : The current General Ledger period is closed.

C : The current Project Accounting period is closed.

D : The Payables Accounting process has not been run.

E : Accounting is not being created by the user-defined hold.

F : The descriptive flexfield field must be a required field, and not an optional field.

Answer: E

Question 2

Identify the profile option that is required to enable Multi-Org Access Control for multiple Operating Units.

A : HR: User Type

B : MO: Operating Unit

C : MO: Security Profile

D : HR: Business Group

E : MO: Default Operating Unit

Answer: C

Question 3

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 4

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

Question 5

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

Page: 1 / 29

Total 141 Questions | Updated On: Mar 11, 2026

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