Oracle EBS R12.1 Payables Essentials - 1Z1-517 Exam Questions [2026]

QUESTION NO: 1
Identify two events that take place when an invoice is matched to a purchase order. (Choose two.)

A. Tolerances are enforced. B. The quantity received is updated. C. The purchase order accounting information is copied to the invoice. D. The quantity billed is updated.

Correct Answer: C,D

QUESTION NO: 2
Which three statements are true about modifying flexfield values? (Choose three.)

A. The values cannot be disabled. B. The values cannot be modified after they are defined. C. The effective dates for a value can be limited. D. The values can be deleted after they are defined. E. The value description can be changed.

Correct Answer: B,C,E

QUESTION NO: 3
A user has been assigned with five Operating Units in his or her security profile. The user transacts in three of those Operating Units, the remaining two are used occasionally.
The user can limit the list of values available to the three Operating Units by ________.

A. setting the preferred Operating Units in user preferences B. setting the values for the MO: Default Operating Units at the user level profile option C. setting the values for the MO: Operating Unit at the user level profile option D. requesting the system administrator to set up MO: Default Operating Unit for the responsibility. E. requesting the system administrator, to update the Operating Units in the security profile.

Correct Answer: A

QUESTION NO: 4
A table has 15 Attribute columns to capture additional information. The attributes 1-12 are set up in the Descriptive Flexfield as Global Segments. How many attributes can be set up under any new context?

A. 12 B. 11 C. 1 D. 3 E. 15

Correct Answer: D

QUESTION NO: 5
Identify three features of a Balancing Entity. (Choose three.)

A. Balance sheets are prepared for a Balancing Entity. B. A Legal Entity may comprise one or more than one balancing segments. C. Multiple Balancing Entities within the same Operating Unit structure is not supported. D. A Balancing Entity is represented as a balancing segment value in the accounting flexfield structure. E. Oracle E-Business Suite Release 12 automatically secures balancing segment values within your chart of accounts with specific Legal Entities or Operating Units.

Correct Answer: A,B,D

QUESTION NO: 6
Identify two advantages of using Oracle Internet Expenses. (Choose two.)

A. Enforcement of spending policy controls expenses, showing any policy deviations. B. It improves cycle times by routing expense reports via a workflow. C. Expense report template attributes are defined in Internet Expenses to manage expense types. D. Expense reports that are entered using Internet Expenses are visible in Payables.

Correct Answer: A,B

QUESTION NO: 7
Select three processes that must be performed before closing the purchasing period. (Choose three.)

A. Run Transfer Journal Entries to the GL program from Receiving. B. Run and review the Uninvoiced Receipts Report. C. Process period-end receipt accruals. D. Run the Purchasing Account Analysis Report. E. Process the remaining inventory transactions.

Correct Answer: A,B,C

QUESTION NO: 8
Which four statements are true about modifying selected invoices in a pay run? (Choose four.)

A. You can create a zero-amount payment for a supplier site. B. You can remove all invoices for a particular supplier site. C. You can create a negative-amount payment to clear a credit memo. D. You can modify the payment or discount amounts for a selected invoice. E. Payables automatically build payments after you modify a pay run.

Correct Answer: A,B,D,E