Oracle 1Z0-961 Online Practice Questions and Exam Preparation

Oracle 1Z0-961 Online Questions & Answers

• Question 1:

  Which three types of payments can you make if you have access to Disbursement Process Management Duty?

  A. Supplier payments
  B. Ad hoc payments
  C. Employee advances
  D. Customer refunds
  E. Reimbursement of employee expense reports
  A. Supplier payments
  D. Customer refunds
  E. Reimbursement of employee expense reports

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  Reference: https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49599/F1110430AN6D 6BD.htm

• Question 2:

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

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  Explanation: Reference: s:

• Question 3:

  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
  B. Supplier,Supplier Site, Supplier Site Contacts, Supplier Site Assignments

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  Reference: https://docs.oracle.com/cloud/latest/procurementcs_gs/OAPRC/OAPRC1007476 .htm

• Question 4:

  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
  A. Invoices Workarea only

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  Reference: :https://docs.oracle.com/cd/E51367_01/financialsop_gs/FAIPP/F1469798AN1007 C.htm

• Question 5:

  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
  D. Payables' Automatic OffsetE, Payables' Allow Reconciliation Accounting

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  Reference: https://www.scribd.com/document/2909755/Oracle-Apps-Accounts-Payables- Functionality(page 54)

• Question 6:

  You need to enter a last-minute invoice during the close process. What is the quickest way to enter and post the invoice to general ledger?

  A. Enter the invoice via a spreadsheet. Then, from the Manage Invoices page, query the invoice, validate it, create accounting, and then open general ledger's Manage Journals page and post the associated invoice journal entry.
  B. Enter the invoice in the Create Invoice page, choose the Validate option, and then the Account and Post to Ledger option.
  C. Enter and post a manual journal entry directly into the general ledger.
  D. Enter the invoice via a spreadsheet and then validate, account, and post the invoice from the spreadsheet.
  D. Enter the invoice via a spreadsheet and then validate, account, and post the invoice from the spreadsheet.

• Question 7:

  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.
  A. Run the process Transfer Intercompany transactions to Receivables and Transfer Intercompany transaction to Payables.

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  Reference: https://docs.oracle.com/cloud/latest/financialscs_gs/FAUGL/FAUGL1476872.htm

• Question 8:

  What are the two advantages of using a spreadsheet for correcting invoice import errors?

  A. identification of errors with clear error messages at the invoice header and line levels
  B. identification of errors with clear error messages at the invoice header level only
  C. ability to correct errors and re-import invoices directly from aspreadsheet
  D. ability to correct errors within the spreadsheet and send invoice corrections for approval
  E. ability to enter a high volume of invoices via a spreadsheet
  A. identification of errors with clear error messages at the invoice header and line levels
  C. ability to correct errors and re-import invoices directly from aspreadsheet

• Question 9:

  You have a high volume of invoices to enter that have similar lines and do not require extensive validation. What must you do if you want to group multiple invoices in a batch during spreadsheet entry?

  A. Make sure all the invoice dates are the same.
  B. Assign the same Invoice Header Identifier to multiple invoices you want to group.
  C. Enable the invoice option Require Invoice Grouping, andthe system automatically groups invoices entered in the same spreadsheet.
  D. Enter a value in the Invoice Group field to group similar invoices into a batch.
  E. Make sure the Invoice Number is the same.
  B. Assign the same Invoice Header Identifier to multiple invoices you want to group.

• Question 10:

  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.
  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.