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1Z0-961 Oracle Financials Cloud: Payables 2017 Implementation Essentials

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Oracle · 1Z0-961

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Question 1

Single choice

Your intercompany transaction type is active and enabled for invoicing.

What are the two prerequisites to generate intercompany receivables and intercompany payable transactions after the Generate Intercompany Allocations process is run?

A
Run the process Transfer Intercompany transactions to Receivables and Transfer Intercompany transaction to Payables.
B
For the Legal Jurisdiction, Legal function "Generate intercompany invoice" should be assigned.
C
Supplier site primary pay flag and customer account bill to primary flag should be enabled.
D
Manual Approvals should be allowed for the transaction type.
E
Schedule create accounting for the intercompany process.
F
Run the processes Create Intercompany transactions to Receivables and Create Intercompany transactions to Payables.

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Correct answerA

Question 2

Single choice

You have two business units, Vision Operations and Vision Services.

How can you enable expense auditors to audit expense reports for specific business units?

A
Assign the Expense Auditor job roles to each auditor.
B
Assign the Expense Auditor as the owner of each business unit.
C
Assign the Expense Auditor Vision Operations and Expense AuditorVision Services data roles to each Expense Auditor.
D
Use segment value security rules to secure access to business units.

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Correct answerC

Question 3

Multiple choice

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.

A
A payment with the status of Issued.
B
A payment that has already cleared the bank.
C
A payment for an invoice with an associated Withholding Tax invoice.
D
A payment that has been accounted and posted to General Ledger.
E
A payment that pays a prepayment that has been applied to an invoice.

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Correct answersB, E

Question 4

Single choice

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?

A
You did not define conversion rates in the General Ledger Cloud.
B
Only cash transactions use those settings.
C
You did not define conversion rates for your business unit.
D
You did not specify a default expense template.

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Correct answerB

Question 5

Single choice

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

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Correct answerD

Question 6

Single choice

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

A
Essbase Cube
B
Oracle Financial Reporting (FR)
C
Oracle Transactional Business Intelligence (OTBI)
D
Smart View
E
Oracle Business Intelligence Applications (OBIA)

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Correct answerB

Question 7

Single choice

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 thenenter 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 "CompanyA" 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?>.

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Correct answerB

Question 8

Single choice

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

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Correct answerB

Question 9

Multiple choice

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.

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Correct answersC, D

Question 10

Single choice

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

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Correct answerC

Question 11

Multiple choice

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.

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Correct answersB, C

VOL	TYPE	QUESTIONS
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2	Multiple choice	3

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Oracle Financials Cloud: Payables 2017 Implementation Essentials

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