1Z0-961 Real Exam Questions and Verified Answers

Question 1 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 answer: C

Question 2 Multiple choice

The Accounts Payable Manager voided a foreign currency payment due to insufficient funds.

Which three statements are correct?

A
Voiding the payment automatically places an invoice on hold.
B
Any previous accounting and payment records for an invoice are reversed.
C
Any realized gain or loss previously calculated isreversed.
D
All related withholding tax invoices are automatically voided.
E
All related interest invoices are reversed if previously created.

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Correct answers: B, D, E

Question 3 Multiple choice

Identify two ways the invoice imaging solution works in the Cloud.

A
Customers scan the invoice on-premise and emailthe images.
B
Customers cannot use invoice imaging in the Cloud.
C
Customers scan and store the invoice images on-premise and attach them during invoice entry.
D
Customers ask their suppliers to scan and email the invoice.
E
Customers ask suppliers tosend electronic invoices.

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Correct answers: A, B

Question 4 Single choice

How will system evaluate the tolerances for expense reports?

A
System will use absolute amount tolerance setup to do validations.
B
System will calculate error tolerance as (|Policy Rate * (1+Error Tolerance/100|) currency precision.
C
System will calculate error tolerance as Policy Rate * (1 + Warning Tolerance + Error Tolerance/100).
D
System will calculate warning tolerance as Policy Rate * (1 + Warning Tolerance/100)* currency precision.
E
System will calculate warning tolerance as Policy Rate * (1+ Warning Tolerance/100).

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Correct answer: C

Question 5 Single choice

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?

A
Transfer the data to General Ledger.
B
Create Accounting for theinvoice in Payables.
C
Validate the invoice in Payables.
D
Create a payment process request in Payments.

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Correct answer: D

Question 6 Multiple choice

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.

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Correct answers: A, B

Question 7 Multiple choice

Which two statements are true about processing corporate card expenses?

A
Conversion rate defaults are applicable to corporate card expenses, just as they are applicable to cash expenses.
B
You can process payment for credit card using Electronic funds transfer, check, or wire.
C
Usage policy for expense category tolerances does not apply to credit card expenses.
D
Conversion rate defaults apply only to cash expenses, not to corporate card expenses.
E
Card transactions will be paid directly from Expenses Cloud.

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Correct answers: C, D

Question 8 Single choice

What is the invoice type of an unapproved, unmatched invoice that was created in Fusion Supplier Portal?

A
iSupplier Invoice
B
Credit Memo
C
Standard Invoice
D
Standard invoice request
E
Supplier payment request

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Correct answer: D

Question 9 Single choice

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

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Correct answer: B

Question 10 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 answers: B, E