Oracle Exam 1Z0-517 Topic 7 Question 69 Discussion

Actual exam question for Oracle's 1Z0-517 exam

Question #: 69
Topic #: 7

Identify three key accounts to be considered during the implementation of Payables that impacts the reconciliation of the accounts payable liability accounts. (Choose three.)

AAP liability account

Baccrual charge account

Creceiving accrual account

Daccrued Payables account

Ereceiving inventory account

Fexpense AP accrual account

Ginventory AP accrual account

Show Suggested Answer

Suggested Answer: A, F, G

by Paulina at Sep 18, 2024, 06:09 AM

Limited Time Offer

25%

Off

Get Premium 1Z0-517 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Tracey

8 months ago

C, D, and G. Gotta love those receiving and inventory accruals. They're the real MVPs of the Payables world.

upvoted 0 times

...

Derick

8 months ago

Ah, the age-old Payables question. I'd go with A, D, and G. After all, what's an AP liability without a good inventory AP accrual, am I right?

upvoted 0 times

Felix

7 months ago

It's important to consider all three accounts to ensure a smooth implementation process.

upvoted 0 times

...

Kayleigh

7 months ago

I think focusing on AP liability, accrued Payables, and inventory AP accrual is the way to go.

upvoted 0 times

...

Gaynell

8 months ago

Definitely, those accounts play a key role in reconciling the accounts payable liability.

upvoted 0 times

...

Lourdes

8 months ago

I agree, A, D, and G are crucial for Payables implementation.

upvoted 0 times

...

Starr

8 months ago

Hmm, let's see... B, E, and F. Why? Because who doesn't love a good accrual charge, right? *winks*

upvoted 0 times

Francisca

7 months ago

Expense AP accrual account is key for tracking expenses.

upvoted 0 times

...

Timothy

7 months ago

Accrual charge account is crucial for accuracy.

upvoted 0 times

...

Shay

8 months ago

I think B, E, and F are important for reconciliation.

upvoted 0 times

...

Delisa

8 months ago

A, C, and D. Simple as that. The receiving accrual and accrued Payables accounts are crucial for reconciliation.

upvoted 0 times

...

Andree

8 months ago

C, D, and G are the key accounts to consider during Payables implementation. Gotta keep that AP liability in check!

upvoted 0 times

Loise

8 months ago

Don't forget about the inventory AP accrual account as well!

upvoted 0 times

...

Jamika

8 months ago

Yes, it's important to keep track of AP liability and accrued Payables accounts.

upvoted 0 times

...

Isadora

8 months ago

C, D, and G are the key accounts to consider during Payables implementation.

upvoted 0 times

...

Armanda

9 months ago

I believe the receiving accrual account is also important for tracking incoming inventory and expenses.

upvoted 0 times

...

Glory

9 months ago

I agree with Ceola. Those accounts are crucial for reconciling the accounts payable liability.

upvoted 0 times

...

Ceola

9 months ago

I think the key accounts for Payables implementation are AP liability account, accrual charge account, and accrued Payables account.

upvoted 0 times

...