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Attend this 1Z0-517 Oracle EBS R12.1 Payables Essentials Practice Exam will get a Good Score 80% on Main Exam
Identify two implementation considerations that impact Payables during the closing process. (Choose two.)
Determine how often you will run the Transfer Journal Entries to GL process.
Determine the number of clearing accounts to use for Projects, Assets, and Cash Management.
Choose the detail option to transfer details to General Ledger during the Create Accounting process.
Review the scheduling of the Create Accounting process to ensure that this is processed before processing pay runs.
Review the scheduling of the Mass Additions Create process to ensure that this is processed before the Create Accounting process.
At your client site, under Parables Options, the Transfer to GL option has been set to Summarize by Accounting Period. The period-end close processes for AP have run and the Parables journals (purchase invoices and payments) have been created and posted in GL. Which statement is true?
It is not possible to drill down from GL to Parables. It is possible to drill down from journals of categories purchase invoices and payments in GL to Parables.
Drill down from the journals of category purchase invoices in GL is possible, but not drill down from journals of category payments.
Drill down from the journals of category payments in GL to Parables is possible, but not drill down
from journals of category purchase invoices
Where does the expense AP accrual account used in the Period End Accrual process default from?
Identify three prerequisites for the Parables period-close process. (Choose three.)
reconciling bank statements
updating matured bills payable
completing all receipt processing
confirming or canceling all pay runs
making adjustments to supplier invoices interfaced to Projects
Your client, Company A, has these requirements: 1. Asset invoices are entered in the Parables daily, but assets are transferred to Oracle Assets only once per week. 2. Parables journal entries have to be transferred to GL at least once per month for reporting purposes. 3. Oracle Projects balances must be updated once every month. 4. Payment batches must be processed daily. On the basis of the above requirements, what would be the minimum recommended frequency of running the Transfer to GL program?
once every two weeks
Which key process is considered as a prerequisite for Transfer Journal Entries to GL Process?
Invoice Audit Listing
Parables Posted Payment Register