Oracle Oracle Certifications 1Z0-961 Questions & Answers

• Question 41:

  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 syntaxbefore the Supplier field and thenenter the closing tagafter the invoices table.

  B. Insert the syntaxbefore the Supplier field on the template. Then, enter thetag after the invoices table.

  C. Hard code Supplier Name "CompanyA" in the report template and only invoices for that supplier will be displayed.

  D. Insert the syntaxbefore the Supplier field and then enter the closing tag.

  Correct Answer: B

• Question 42:

  The expense auditor has chosen to Request More Information for an expense report. Select two ways the system processes this action.

  A. The expense report is routed back to the approvers.

  B. The employee must reply to the notification before the reimbursement process can continue.

  C. The employee must resubmit the expense report.

  D. Theexpense report status remains Pending Payables Approval.

  Correct Answer: CD

• Question 43:

  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 accountsto 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

• Question 44:

  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 OffsetE, Payables' Allow Reconciliation Accounting

  Correct Answer: D

• Question 45:

  Which two setups are required to ensure the same tax is applied on both intercompany payable and receivable invoice?

  A. Payable options are receivable system options should have same tax application options.

  B. Tax for inter-company is to be loaded using Create Taxable Transactions in Spreadsheet.

  C. First enter Payable transaction to calculate tax and then for Receivable Transaction.

  D. You should check if any specific rules defined should cover bothSales_transactionandpurchase_transactionbusiness category.

  E. Ensure that both the receiver and provider business units and legal entities are subscribed to the applicable tax regime on the transaction date.

  Correct Answer: CE

• Question 46:

  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 memoare 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 creditreduces 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

• Question 47:

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

  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

• Question 48:

  You want to have an invoice line automatically distributed across multiple cost centers. For example, you

  want your monthly utility bill allocated across multiple cost centers based on a percentage.

  Select two methods to achieve this.

  A. Customize the Subledger Accounting rules to allocate costs.

  B. Define a distribution set andassign it manually to the invoice.

  C. Enter the invoice in Payables and then use general ledger's Calculation Manager to allocate the costs.

  D. Define a distribution set and assign it to the supplier.

  Correct Answer: AB

• Question 49:

  Your company policy requires that receipts be attached to expense report items before reimbursement can be made.

  Which two statements are true about the association of a receipt to an expense report?

  A. Users can maintain scanned receipts in acentral repository and provide a reference number in the expense report.

  B. An expense report may require original, imaged, or both types or receipts.

  C. Expenses do not create payment requests for expense reports that have missing or overdue receipts.

  D. Receipts are not required if the expense item falls within Per Diem Rates.

  Correct Answer: BC

• Question 50:

  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