Oracle Oracle Certifications 1Z0-961 Questions & Answers

• Question 31:

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

  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

• Question 32:

  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 fileis 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

• Question 33:

  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. OracleTransactional 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

• Question 34:

  Which method can you use to route payment approval rules?

  A. Serial and FYI (For Your Information)

  B. Approval Groups

  C. Both Parallel and Sequential

  D. Sequential

  E. Parallel

  Correct Answer: B

• Question 35:

  Which reports can show you differences between your subledger balances and general ledger balances to help you reconcile quickly?

  A. General Ledger Financial Statements and the Accounts Payable and Invoice Registers

  B. Payables to Ledger Reconciliation report

  C. Payables Aging reports with the General Ledger Trial Balance report

  D. Payables Trial Balance and General Ledger Trial Balance reports

  Correct Answer: B

• Question 36:

  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

• Question 37:

  You need to submit a 1099 report; your State format has changed slightly since last year. How should you submit your 1099s for the State in the current year?

  A. Run and submit your 1099s because it will automatically reflect any changes.

  B. Edit the 1099 template to reflect the changes, and then run and submit the 1099 report.

  C. Generate a 1096 form and submit it instead.

  D. Manually enter the 1099s forthe State and submit.

  Correct Answer: B

• Question 38:

  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

• Question 39:

  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.

  Correct Answer: DE

• Question 40:

  The payment build program has completed but with errors.

  When submitting the payment process request, which processing option is used to review the error messages from the Manage Payment Process Request Inquiry?

  A. Set the validation failure handling for documents to "show errors".

  B. Set the validation failure handling for payments to "show errors".

  C. Enable debug for the payment format program.

  D. Set the validation failure handling for payments to "stop process for review".

  Correct Answer: D