Free Oracle 1Z0-517 Exam Practice Questions & Explanations

Last updated on: Oct 11, 2026
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Question 1

ABC Corporation has set up the Accounting Key Flexfield. It has also set up a Descriptive Flexfield to store vehicle information associated with the asset category ''Vehicle.'' Identify three correct statements. (Choose three.)

Answer Options
Correct Answer: B, D, E
Question 2

The Payments Manager in Oracle Payables is a module that comprises five components, and is used to create multiple payments.

Identify the one component that is NOT found in the Payments Manager.

Answer Options
Correct Answer: A
Question 3

In the Multi-Org model, which organization type is the highest level that impacts accounting?

Answer Options
Correct Answer: A
Question 4

ABC Corporation wants to convert from their existing legacy application to Oracle E-Business Suite Release 12. Identify three statements that are true for invoice conversion. (Choose three.)

Answer Options
Correct Answer: C, D, E
Question 5

Which three types of invoices can be automatically generated (without any manual intervention), if the appropriate setup steps have been performed? (Choose three.)

Answer Options
Correct Answer: A, C, D