1z0-961 oracle

Number: 1z0-961
Passing Score: 800
Time Limit: 120 min

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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.

Which two statements are true?

A. The invoices are placed on payment hold.

B. The status of each payment in the payment file is Cancelled and the related documents are available for future selection.
C. The status of the payment file is Cancelled.
D. The status of the payment file is Terminated.
E. The status of each payment in the payment file is 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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A. Transfer the data to General Ledger.

B. Create Accounting for the invoice in Payables.
C. Validate the invoice in Payables.
D. Create a payment process request in Payments.

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.

A. Customers scan the invoice on-premise and email the images.

B. Customers cannot use invoice imaging in the Cloud.
C. Customers scan and store the invoice images on-premise and attach them during invoice entry.
D. Customers ask their suppliers to scan and email the invoice.
E. Customers ask suppliers to send electronic invoices.

Correct Answer: AB
Section: (none)
Explanation

Explanation/Reference:

QUESTION 4
What is the result of voiding a payment?

A. The payment is reconciled to the bank statement.

B. The payment is no longer valid for payment.
C. A stop payment request has been initiated to the bank.
D. A bills payable payment was created but is not yet matured.

Correct Answer: B
Section: (none)
Explanation

Explanation/Reference:

QUESTION 5
Select three statements about the submission of invoices by suppliers using Supplier Portal.

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.

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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.

Correct Answer: BDE

Section: (none)
Explanation

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?

A. Voiding the payment automatically places an invoice on hold.

B. Any previous accounting and payment records for an invoice are reversed.
C. Any realized gain or loss previously calculated is reversed.
D. All related withholding tax invoices are automatically voided.
E. All related interest invoices are reversed if previously created.

Correct Answer: BDE

Section: (none)
Explanation

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.

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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

Correct Answer: ADE

Section: (none)
Explanation

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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.

Which is the correct way to customize the template?

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.

A. An accounting entry has been created for the invoice.

B. Prepayments were applied to the invoice.
C. The invoice was adjusted by a credit or a debit memo.
D. The invoice is validated.
E. The invoice is fully or partially paid.

Correct Answer: BCE

Section: (none)
Explanation

Explanation/Reference:

QUESTION 12
Which invoice types can be included in the Create Payment flow?

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A. Standard, Credit Memo and Debit Memo

B. Standard, Credit Memo, and Invoice Request
C. Standard, Credit Memo and Customer Refund
D. Standard, Debit Memo and Customer Refund

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

Correct Answer: ABD

Section: (none)
Explanation

Explanation/Reference:

QUESTION 14
Which attributes on the payables invoice can be used during approval rule creation?

A. company and cost center segment only

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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?

A. The employee can manually release the hold.

B. The employee’s supervisor can manually release the hold.
C. Payables Manager can release payment holds in Payables.
D. The expense auditor can manually release the payment hold at his discretion.
E. Based on the receipt status, the Expenses program can automatically release the payment hold once it detects that receipts are received or waived.

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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?

A. one business unit per supplier

B. four requisition business units
C. three procurement business units
D. five sold-to business units
E. twelve business units per supplier

Correct Answer: A
Section: (none)
Explanation

Explanation/Reference:

QUESTION 19

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What are the output formats supported for Electronic and Check format programs?

A. Electronic output format of etext, Check output format of rtf

B. Electronic output format of Text, Check output format of Text
C. Electronic output format of DATA (csv), Check output format of Zipped PDFs
D. Electronic output format of PDF, Check output format of PDF
E. Electronic output format of XML, Check output format of rtf

Correct Answer: E
Section: (none)
Explanation

Explanation/Reference:

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?

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A. allow you to secure data by business unit

B. allow you to assign multiple business units to users in a shared service center
C. allow you to maintain sets of related data in a Data Dictionary
D. allow you to share reference data, such as payment terms, across multiple business units to avoid redundant setup

Correct Answer: D
Section: (none)
Explanation

Explanation/Reference:

QUESTION 21
Which method can you use to route payment approval rules?

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A. Serial and FYI (For Your Information)
B. Approval Groups
C. Both Parallel and Sequential
D. Sequential
E. Parallel

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.

Correct Answer: B

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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?

A. Make sure all the invoice dates are the same.

B. Assign the same Invoice Header Identifier to multiple invoices you want to group.
C. Enable the invoice option Require Invoice Grouping, and the system automatically groups invoices entered in the same spreadsheet.
D. Enter a value in the Invoice Group field to group similar invoices into a batch.
E. Make sure the Invoice Number is the same.

Correct Answer: B
Section: (none)
Explanation

Explanation/Reference:

QUESTION 26

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Which is the Payables tool based on real-time data?

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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

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

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the default?

A. Manage Payable Options and Manage Invoice Options

B. Manage Payable Options and Manage common options for Payables and Procurement
C. Manage Invoice Options and Manage common options for Payables and Procurement
D. Manage common options for Payables and Procurement and Manage Procurement agents
E. Manage Invoice Options and Manage Procurement agents

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.
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

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 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?

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
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:

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QUESTION 33
Which dashboard or workarea displays the Scanned Invoices region for invoices processed through the Payables Integrated Imaging solution?

A. Invoices Workarea only

B. Payables Dashboard and Invoices Workarea
C. Payables Dashboard only
D. Manage Invoices page
E. C-Level executives

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
Section: (none)
Explanation

Explanation/Reference:

QUESTION 35
Select three reasons why you cannot close your Payables period.

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A. suppliers on payment holds
B. bills payable requiring maturity
C. unapplied prepayments
D. open intercompany transactions
E. unaccounted invoices and payments

Correct Answer: ABE

Section: (none)
Explanation

Explanation/Reference:

QUESTION 36
A company has a requirement to default the disbursement bank account when submitting a Payment Process Request.

Which two actions will accomplish this?

A. Define the Disbursement Bank Account to every supplier.

B. Define the Disbursement Bank Account to the Payment Method in payment default rules.
C. Assign the Disbursement Bank Account to users to have the payment process default the bank account.
D. Create a Payment Process Request template that includes the Disbursement Bank Account.
E. Define the Disbursement Bank Account at the business unit level to have the payment process derive the bank account.

Correct Answer: BD
Section: (none)
Explanation

Explanation/Reference:

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