Oracle Oracle Certifications 1Z0-961 Questions & Answers

• Question 1:

  You want your expense auditors to audit only expenses reports for specific business units. How do you do this?

  A. Create a custom duty role and assign the data roles to each auditor.

  B. Assign the auditors specific data roles for the corresponding business units.

  C. Create your own audit extension rules that correspond to the business unit.

  D. Make auditors the managers of the corresponding business unit to route expense reports properly.

  Correct Answer: B

• Question 2:

  What happens if a company runs the Payables Unaccounted Transactions Sweep program for February 2016 if the invoices with a Hold status have an invoice date of January 20, 2016?

  A. The accounting dates of all unaccounted invoices will change to February 28, 2016, the last day of the nextperiod.

  B. The accounting dates of all unaccounted invoices will remain unchanged at January 20, 2016.

  C. The accounting dates of all unaccounted invoices will be changed to February 1, 2016, the first day of the next period.

  D. The accounting dates of all unaccounted invoices will be changed to February 20, 2016, the same day of the next period.

  Correct Answer: A

• Question 3:

  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

• Question 4:

  Which statement is true about selecting a bank account on the Create Payment page?

  A. Bank account must match thesupplier's bank account.

  B. There is not relationship between the business unit, bank, and LE. Users can pick any bank account that is setup in their system.

  C. LE on the bank account should be different from the LE on the invoice.

  D. LE on the bank account should be equal to LE on the invoice.

  E. Users can pick any bank account as long as the bank account is tied to the business unit.

  Correct Answer: D

• Question 5:

  Which statement is correct if the payment terms entered in the invoice differ from the payment terms on the purchase order?

  A. The purchase order payment term cannot be overridden.

  B. The user needs to manually change the payment term on the invoice to match the purchase order payment term.

  C. The user needs to specify which payment term to use.

  D. The payment termof the invoice overrides the purchase order payment term.

  E. The payment term of the purchase order overrides the invoice payment term.

  Correct Answer: B

• Question 6:

  An installment for $1,000 USD is due for payment on January 10, 2016. The installment has two discounts: the first discount date is December 5, 2015 for $150 USD and the second discount date is December 20, 2015 for $50 USD. The Pay Date Basis on the supplier site is Discount.

  You submit a Payment Process Request with the following criteria; -Payment Date = December 5, 2015

  -Pay Through Date = December 25, 2015

  -Date Basis = Pay Date

  -Always Take Discount option is enabled

  What will be the resulting status of the installment and discount?

  A. The installment is not selected because thefirst discount date is before the Pay Through Date.

  B. The installment is selected and a discount of $150 USD is applied because the Always Take Discount option was enabled.

  C. The installment is selected but no discount is applied because the payment dateis after the discount dates.

  D. The installment is selected and a discount of $50 USD (the second discount) is applied.

  E. The installment is selected and a discount of $200 USD ($150 + $50) is applied.

  Correct Answer: B

• Question 7:

  You want to route invoices to three different approvers at the same time and only one approver needs to approve the invoice. Which approval ruleset should you use?

  A. InvoiceApproversSingleParticipantInParallelMode

  B. InvoiceApprovers

  C. InvoiceApproversParallelParticipantInParallelMode

  D. InvoiceApproversFYIParticipantInParallelMode

  Correct Answer: B

• Question 8:

  In what order should the import process be run when importing suppliers?

  A. any order

  B. Supplier,Supplier Site, Supplier Site Contacts, Supplier Site Assignments

  C. Supplier, Supplier Site Contacts, Supplier Site, Supplier Site Assignment

  D. Supplier, Supplier Site Assignment, Supplier Site, Supplier Contacts

  Correct Answer: B

• Question 9:

  If you accidentally paid an invoice using Create Payment flow, can you undo the operation?

  A. Cancel the invoice and create a new one.

  B. yes, bycreating a credit memo to offset the payment

  C. yes, by canceling the payment process from the process monitor

  D. no

  E. yes, by voiding the payment created

  Correct Answer: E

• Question 10:

  You are resolving payment validation errors during the payment build process. Which two actions can you perform to resolve these errors?

  A. Run the create accounting program.

  B. Run the invoice validation program.

  C. Remove the documents or payments causing the error and resume thepayment process.

  D. Correct the setup errors for remittance bank accounts, third party payees, payment methods, or payment formats and submit resume payment process.

  E. Terminate the payment process request.

  Correct Answer: DE