Download Oracle Financials Cloud: Payables 2017 Implementation Essentials.1z0-961.PassCertification.2019-01-27.47q.vcex

Vendor: Oracle
Exam Code: 1z0-961
Exam Name: Oracle Financials Cloud: Payables 2017 Implementation Essentials
Date: Jan 27, 2019
File Size: 29 KB
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Demo Questions

Question 1
After you submitted a Payment Process Request, you noticed errors. You want to void the payments. 
Identify two statements that indicate when it is not possible to void a payment. (Choose two.)
  1. A payment with the status of Issued.
  2. A payment that has already cleared the bank.
  3. A payment for an invoice with an associated Withholding Tax invoice.
  4. A payment that has been accounted and posted to General Ledger.
  5. A payment that pays a prepayment that has been applied to an invoice.
Correct answer: BE
Question 2
Which component is not included in the security architecture for credit card data and bank account data encryption?
  1. Payments master encryption key
  2. Oracle Wallet
  3. Payments subkeys
  4. Sensitive data encryption and storage
  5. Supplier master encryption key
Correct answer: E
Question 3
An installment for $2,000 USD is due for payment on July 31, 2016. The installment has two discounts: the first discount date is June 15, 2016 for $150 USD and the second discount date is June 30, 2016 for $50 USD.
You submit a Payment Process Request with the following criteria:
  • Payment Date = June 20, 2016 
  • Pay Through Date = July 30, 2016 
  • Date Basis = Due Date 
What will be the resulting status of the installment and discount?
  1. The installment is selected and a discount of $150 USD is applied.
  2. The installment is selected and a discount of $50 USD is applied.
  3. The installment is not selected because the due date is after the Pay Through Date.
  4. The installment is selected and no discount is applied.
  5. The installment is not selected because the discount dates are before the Pay Through Date.
Correct answer: D
Question 4
While entering an expense report for your corporate card transactions, you notice that the conversion rate defined in the Manage Conversion Rates and Policies page is not used. 
What is the reason?
  1. You did not define conversion rates in the General Ledger Cloud.
  2. Only cash transactions use those settings.
  3. You did not define conversion rates for your business unit.
  4. You did not specify a default expense template.
Correct answer: B
Question 5
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? (Choose two.)
  1. The invoices are placed on payment hold.
  2. The status of each payment in the payment file is Cancelled and the related documents are available for future selection.
  3. The status of the payment file is Cancelled.
  4. The status of the payment file is Terminated.
  5. The status of each payment in the payment file is Terminated.
Correct answer: DE
Question 6
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?
  1. Transfer the data to General Ledger.
  2. Create Accounting for the invoice in Payables.
  3. Validate the invoice in Payables.
  4. Create a payment process request in Payments.
Correct answer: D
Question 7
Identify two ways the invoice imaging solution works in the Cloud. (Choose two.)
  1. Customers scan the invoice on-premise and email the images.
  2. Customers cannot use invoice imaging in the Cloud.
  3. Customers scan and store the invoice images on-premise and attach them during invoice entry.
  4. Customers ask their suppliers to scan and email the invoice.
  5. Customers ask suppliers to send electronic invoices.
Correct answer: AD
Question 8
What is the result of voiding a payment?
  1. The payment is reconciled to the bank statement.
  2. The payment is no longer valid for payment.
  3. A stop payment request has been initiated to the bank.
  4. A bills payable payment was created but is not yet matured.
Correct answer: B
Question 9
Your customer matches their invoices to a purchase order and have noticed that the payment terms are defaulting from the order. For some suppliers, they would like to use the payment terms from the supplier site. 
How can the customer achieve this?
  1. Enter the payment terms in the Manage Invoice Options page so they default onto the invoice.
  2. Enter the payment terms at the supplier site level so they default onto the invoice.
  3. Enter the payment terms in the Manage Payment Options page so they default onto the invoice.
  4. Manually override the payment terms that have defaulted from the purchase order for those suppliers.
  5. Enter the payment terms at the Supplier level so they default onto the invoice.
Correct answer: D
Question 10
The Accounts Payable Manager voided a foreign currency payment due to insufficient funds. Which three statements are correct? (Choose three.)
  1. Voiding the payment automatically places an invoice on hold.
  2. Any previous accounting and payment records for an invoice are reversed.
  3. Any realized gain or loss previously calculated is reversed.
  4. All related withholding tax invoices are automatically voided.
  5. All related interest invoices are reversed if previously created.
Correct answer: BDE
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