Oracle 1Z0-517 Practice Exam – Oracle Cloud Infrastructure Foundations
                     Oracle
1Z0-517
ExamName: Oracle EBS R12.1 Payables Essentials
Exam Version: 6.0
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Question 1. (Multi Select)
Identify three considerations for implementing internal controls for payment processing. (Choose three.)
A:  physical security
B:  fewer payment runs
C:  amend payment methods
D:  proper segregation of duties
E:  credentials of the payment processing staff
Answer: B, D, E
Question 2. (Single Select)
Identify the item that requires approval through the workflow process.
A:  Invoices not matched to a purchase order.
B:  Invoices that existed before you enabled the feature
C:  recurring invoices if the recurring invoice template did not have the Approval Workflow Required option
enabled
D:  expense reports imported through the Payables Expense Report Import Program
Answer: A
Question 3. (Multi Select)
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.)
A:  invoice amount $600, prepayment invoice for $100, withholding tax $100 (20% of $600 – $100)
B:  invoice amount $400, prepayment invoice for $200, withholding tax $4 (20% of $200)
C:  invoice amount $600, prepayment invoice for $100, withholding tax $12 (20% of $600)
D:  invoice amount $500, withholding tax $100 (20% of $500)
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E:  invoice amount $500, prepayment invoice for $250, withholding tax $50 (20% of $500 – $250)
Answer: E, A, D
Question 4. (Multi Select)
Identify three true statements about the invoice approval workflow. (Choose three.)
A:  If an approver does not respond within the time you specify, the Workflow requests approval from that
person’s manager.
B:  If an approver rejects the invoice, the Workflow program ends.
C:  If an approver does not respond within the time you specify, Workflow routes the invoice back to the
originator.
D:  If the invoice amount is chanaged after the invoice is already submitted to the approval process or after
the process is complete, the system does not automatically resubmit the invoice for approval.
E:  If an approver approves the invoice, the invoice goes to the next person in the approver list until all
required people approve the invoice.
Answer: C, A, D
Question 5. (Multi Select)
Identify three open interfaces used to import data into Payables from other applications or third-party
solutions. (Choose three.)
A:  Payables Lease Open Interface
B:  Payables Pcard Open Interface
C:  Payables Payments Open Interface
D:  Payables Credit Card Open Interface
E:  Payables iSupplier Open Interface
F:  Payables Supplier Open Interface
Answer: B, F, C
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