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exam
Number: 1z0-961
Passing Score: 800
Time Limit: 120 min
File Version: 1.0
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Oracle
1z0-961
Version 1.0
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Exam A
QUESTION 1
A Payment Process Request was submitted and errors were found in the payment file. The payment file and process were terminated.
Correct Answer: DE
Section: (none)
Explanation
Explanation/Reference:
QUESTION 2
You have successfully processed the expense reports for reimbursement and have transferred the information to Payables. What is the next step before you can
pay them?
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Correct Answer: D
Section: (none)
Explanation
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Explanation/Reference:
QUESTION 3
Identify two ways the invoice imaging solution works in the Cloud.
Correct Answer: AB
Section: (none)
Explanation
Explanation/Reference:
QUESTION 4
What is the result of voiding a payment?
Correct Answer: B
Section: (none)
Explanation
Explanation/Reference:
QUESTION 5
Select three statements about the submission of invoices by suppliers using Supplier Portal.
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A. A supplier can submit a single invoice against multiple purchase orders across different currencies and organizations.
B. A supplier can submit invoices against open, approved, standard, or blanket purchase orders that are not fully billed.
C. A supplier can validate the invoice after submitting it.
D. A supplier can submit a single invoice against multiple purchase orders, provided the currency and organization for all the invoice items are the same as those on
the purchase orders.
E. A supplier can not make changes to the invoice after submitting it.
Explanation/Reference:
Reference https://docs.oracle.com/cd/E18727_01/doc.121/e13414/T463223T463232.htm
QUESTION 6
The Accounts Payable Manager voided a foreign currency payment due to insufficient funds. Which three statements are correct?
Explanation/Reference:
QUESTION 7
When submitting the Payables to General Ledger Reconciliation report, the extract did not select any data. What should you check?
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A. Make sure you assign an Account parameter when running the extract to include liability account.
B. Make sure you assigned a Financial Category of Accounts Payable to all your liability natural account values.
C. Make sure you enabled the Reconciliation flag to all of your liability natural account values.
D. Make sure you specified a Business Unit in the parameters when running the extract.
Correct Answer: A
Section: (none)
Explanation
Explanation/Reference:
QUESTION 8
Which two statements are true about processing corporate card expenses?
A. Conversion rate defaults are applicable to corporate card expenses, just as they are applicable to cash expenses.
B. You can process payment for credit card using Electronic funds transfer, check, or wire.
C. Usage policy for expense category tolerances does not apply to credit card expenses.
D. Conversion rate defaults apply only to cash expenses, not to corporate card expenses.
E. Card transactions will be paid directly from Expenses Cloud.
Correct Answer: CD
Section: (none)
Explanation
Explanation/Reference:
QUESTION 9
Which three types of payments can you make if you have access to Disbursement Process Management Duty?
A. Supplier payments
B. Ad hoc payments
C. Employee advances
D. Customer refunds
E. Reimbursement of employee expense reports
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Section: (none)
Explanation
Explanation/Reference:
Reference https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49599/F1110430AN6D6BD.htm
QUESTION 10
You want to customize the Payables Invoice Register template to only display invoices when the Supplier name is Company A. Supplier name is a group that
repeats on every page.
A. Insert the syntax <?if:’COMPANY A’?> before the Supplier field and then enter the closing tag </<?if:COMPANY A?> after the invoices table.
B. Insert the syntax <?if:VENDOR_NAME=’COMPANY A’?> before the Supplier field on the template. Then, enter the <?end if?> tag after the invoices table.
C. Hard code Supplier Name “Company A” in the report template and only invoices for that supplier will be displayed.
D. Insert the syntax <?if:condition?> before the Supplier field and then enter the closing tag </<? if:condition?>.
Correct Answer: B
Section: (none)
Explanation
Explanation/Reference:
Reference: http://pradiptaoracleapps.blogspot.com/2016/03/xml-publisher-report-bi-publisher.html
QUESTION 11
Identify three scenarios where you are not allowed to cancel an invoice.
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Correct Answer: BCE
Section: (none)
Explanation
Explanation/Reference:
QUESTION 12
Which invoice types can be included in the Create Payment flow?
Correct Answer: A
Section: (none)
Explanation
Explanation/Reference:
QUESTION 13
Which three attributes are captured during the scanning of invoice images?
A. Invoice Date
B. Invoice Number
C. Terms Date
D. PO Number
E. Payment Method
Explanation/Reference:
QUESTION 14
Which attributes on the payables invoice can be used during approval rule creation?
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A. company and cost center segment only
B. cost center segment and supplier only
C. supplier only
D. company segment, cost center segment, supplier, and Attribute 1 on the invoice line
Correct Answer: C
Section: (none)
Explanation
Explanation/Reference:
QUESTION 15
You have invoices with distributions across primary balancing segments that represent different companies.
What feature should you use if you want the system to automatically balance your invoice’s liability amount across the same balancing segments on the invoice
distributions?
A. Suspense Accounts
B. Subledger Accounting’s Account Rules
C. Intercompany Balancing
D. Payables’ Automatic Offset
E. Payables’ Allow Reconciliation Accounting
Correct Answer: D
Section: (none)
Explanation
Explanation/Reference:
Reference https://www.scribd.com/document/2909755/Oracle-Apps-Accounts-Payables-Functionality (page 54)
QUESTION 16
While processing an expense report, the system placed a payment hold on the expense report. What are two ways to release payment holds?
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E. Based on the receipt status, the Expenses program can automatically release the payment hold once it detects that receipts are received or waived.
Correct Answer: DE
Section: (none)
Explanation
Explanation/Reference:
Reference: https://docs.oracle.com/cloud/farel8/financialscs_gs/FAWDE/F1005004AN1204B.htm
QUESTION 17
You are using both Procurement and Financials. You want the system to automatically accrue uninvoiced receipts. Select two true statements.
A. For period end accruals, accounting is created at material receipt or at delivery to a final destination.
B. For period end accruals, the invoice accounting debits the expense account and credits the liability account.
C. For perpetual accruals, the invoice accounting debits the accrual account and credits the liability account.
D. For period end accruals, the invoice accounting for inventory items debits receipt inventory and credits the uninvoiced receipts.
Correct Answer: BC
Section: (none)
Explanation
Explanation/Reference:
Reference https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_A87306EB5A7752DFE040D30A68817FB2
QUESTION 18
You have three procurement business units, four requisition business units and five sold-to business units. For which will the supplier registration flows be
deployed?
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Correct Answer: A
Section: (none)
Explanation
Explanation/Reference:
QUESTION 19
What are the output formats supported for Electronic and Check format programs?
Correct Answer: E
Section: (none)
Explanation
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QUESTION 20
You have 10 ledgers and 30 business units and want to leverage Reference Data Sets. What is the function of Reference Data Sets?
Correct Answer: D
Section: (none)
Explanation
Explanation/Reference:
QUESTION 21
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Which method can you use to route payment approval rules?
Correct Answer: B
Section: (none)
Explanation
Explanation/Reference:
QUESTION 22
Which two statements are true related to configuration package?
A. You can export and import the custom roles from Oracle Identity Manager.
B. You can export and import selected business object services.
C. You can export and import selected business units.
D. You can export and import the approval rules from the approval management engine.
E. You can export and import the allocation rules from the allocation manager.
Correct Answer: AB
Section: (none)
Explanation
Explanation/Reference:
QUESTION 23
An invoice for $1,000 USD and a credit memo for ($1,100) USD are due for payment. What are the two outcomes if you choose the “Apply Credits Up to Zero
Amount” option when submitting a Payment Process Request?
A. Only the invoice is paid fully but the credit memo is partially paid with a credit of ($100) USD remaining.
B. Both the invoice and the credit memo are fully paid.
C. Neither the invoice nor the credit memo is included in the Payment Process Request.
D. Both the invoice and the credit memo are included in the Payment Process Request.
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Correct Answer: B
Section: (none)
Explanation
Explanation/Reference:
QUESTION 24
What is the difference between subject areas that append the word “Real Time” and those that do not?
A. The “Real Time” subject areas are based on subledger transactions and the ones that are not are based on general ledger balances.
B. The “Real Time” subject areas are based on real-time transactions in the applications, and those that are not, are based on data stored in the Oracle Business
Intelligence Applications data warehouse.
C. The “Real Time” subject areas are based on real-time transactions and those that are not, are based on historical data.
D. There is no difference.
Correct Answer: B
Section: (none)
Explanation
Explanation/Reference:
QUESTION 25
You have a high volume of invoices to enter that have similar lines and do not require extensive validation. What must you do if you want to group multiple invoices
in a batch during spreadsheet entry?
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Correct Answer: B
Section: (none)
Explanation
Explanation/Reference:
QUESTION 26
Which is the Payables tool based on real-time data?
A. Essbase Cube
B. Oracle Financial Reporting (FR)
C. Oracle Transactional Business Intelligence (OTBI)
D. Smart View
E. Oracle Business Intelligence Applications (OBIA)
Correct Answer: B
Section: (none)
Explanation
Explanation/Reference:
Reference https://docs.oracle.com/cloud/farel9/financialscs_gs/OCUAR/F1550147AN10063.htm
QUESTION 27
Identify what Oracle considers two best practices when setting up Payables and Receivables account access for bank reconciliation.
A. Only business units who use the same ledger as the bank accounts owning legal entity can be assigned access.
B. Business units must be granted access to the bank account.
C. Assign a few general ledger cash accounts to multiple bank accounts to facilitate book-to-bank reconciliation.
D. Allow bank accounts to be accessed by all roles and users because the default valued to secure a bank account by users and roles is No.
E. Do not assign bank accounts to business units.
Correct Answer: AB
Section: (none)
Explanation
Explanation/Reference:
Reference http://docs.oracle.com/cd/E28271_01/fusionapps.1111/e20375/F569961AN5B6A3.htm
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QUESTION 28
A company makes the payment in a currency different from the invoice and ledger currency. What setup options are required to make the cross currency rate type
the default?
Correct Answer: B
Section: (none)
Explanation
Explanation/Reference:
QUESTION 29
You have modified your tax setup and want to test the changes on actual Payables transaction. How do you validate before enabling for transaction?
A. by creating a payable invoice, and by validating and reviewing the tax application
B. Oracle Transactional Business Intelligence (OTBI)
C. by changing the tax status to test and then entering a payables invoice
D. by using Tax Simulator to test
E. by creating accounting in draft mode
Correct Answer: D
Section: (none)
Explanation
Explanation/Reference:
QUESTION 30
You have an invoice for $200 USD and a credit memo for $225 USD. In other words, the credit amount exceeds the invoice amount. If you enable the option to
apply credits up to zero amount payment, then how will the invoice and credit memo be paid?
A. Both the invoice and the credit memo are selected and the Payment Process Request requires attention.
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B. Both the invoice and the credit memo are paid and a refund of $25 USD is created.
C. Neither the invoice nor the credit memo are included in the payment process request because the credit reduces the payment amount below zero.
D. Both the invoice and credit memo are included in the payment process request for a payment amount of $0 USD. The credit memo is partially paid with a
remaining credit of $25 USD.
Correct Answer: D
Section: (none)
Explanation
Explanation/Reference:
QUESTION 31
When creating a check payment, from where is the payment document defaulted?
A. Legal Entity
B. Back Account
C. Bank
D. Business Unit
E. Supplier
Correct Answer: C
Section: (none)
Explanation
Explanation/Reference:
QUESTION 32
What are the two advantages of using a spreadsheet for correcting invoice import errors?
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A. identification of errors with clear error messages at the invoice header and line levels
B. identification of errors with clear error messages at the invoice header level only
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C. ability to correct errors and re-import invoices directly from a spreadsheet
D. ability to correct errors within the spreadsheet and send invoice corrections for approval
E. ability to enter a high volume of invoices via a spreadsheet
Correct Answer: AC
Section: (none)
Explanation
Explanation/Reference:
QUESTION 33
Which dashboard or workarea displays the Scanned Invoices region for invoices processed through the Payables Integrated Imaging solution?
Correct Answer: A
Section: (none)
Explanation
Explanation/Reference:
Reference https://docs.oracle.com/cd/E51367_01/financialsop_gs/FAIPP/F1469798AN1007C.htm
QUESTION 34
You created a payment and before it is cashed by the supplier you mistakenly submitted a request to stop payment. Later you canceled the request to stop payment.
What is the resulting payment status?
A. Canceled
B. Stop initiated
C. Negotiable
D. Available
E. Voided
F. Cleared
Correct Answer: F
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Section: (none)
Explanation
Explanation/Reference:
QUESTION 35
Select three reasons why you cannot close your Payables period.
Explanation/Reference:
QUESTION 36
A company has a requirement to default the disbursement bank account when submitting a Payment Process Request.
Correct Answer: BD
Section: (none)
Explanation
Explanation/Reference:
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QUESTION 37
Which statement is true about selecting a bank account on the Create Payment page?
Correct Answer: D
Section: (none)
Explanation
Explanation/Reference:
QUESTION 38
Your company wants to generate intercompany transactions in USD but only if the amount involved is $3,000 USD or more. Which two intercompany system
options are valid?
A. Approval rules need to set the allow of the intercompany transactions to be routed to the receiver or provider.
B. Set the intercompany system option minimum transaction amount of $3,000 USD.
C. Intercompany invoices will be generated for the minimum accountable amount set at the payable invoice options and receivable system options.
D. You cannot update the minimum transaction currency when intercompany currency is entered.
E. Set the intercompany system option minimum transaction amount to $2,999.99 USD.
Correct Answer: BC
Section: (none)
Explanation
Explanation/Reference:
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