Oracle 1Z0-961 Online Practice Questions and Exam Preparation

Oracle 1Z0-961 Online Questions & Answers

• Question 21:

  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.
  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.

• Question 22:

  You need to submit a 1099 report; your State format has changed slightly since last year. How should you submit your 1099s for the State in the current year?

  A. Run and submit your 1099s because it will automatically reflect any changes.
  B. Edit the 1099 template to reflect the changes, and then run and submit the 1099 report.
  C. Generate a 1096 form and submit it instead.
  D. Manually enter the 1099s forthe State and submit.
  B. Edit the 1099 template to reflect the changes, and then run and submit the 1099 report.

• Question 23:

  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.
  B. Only cash transactions use those settings.

• Question 24:

  An installment for $1,000 USD is due for payment on January 10, 2016. The installment has two discounts: the first discount date is December 5, 2015 for $150 USD and the second discount date is December 20, 2015 for $50 USD. The Pay Date Basis on the supplier site is Discount.

  You submit a Payment Process Request with the following criteria;

  -Payment Date = December 5, 2015

  -Pay Through Date = December 25, 2015

  -Date Basis = Pay Date

  -Always Take Discount option is enabled

  What will be the resulting status of the installment and discount?

  A. The installment is not selected because thefirst discount date is before the Pay Through Date.
  B. The installment is selected and a discount of $150 USD is applied because the Always Take Discount option was enabled.
  C. The installment is selected but no discount is applied because the payment dateis after the discount dates.
  D. The installment is selected and a discount of $50 USD (the second discount) is applied.
  E. The installment is selected and a discount of $200 USD ($150 + $50) is applied.
  B. The installment is selected and a discount of $150 USD is applied because the Always Take Discount option was enabled.

• Question 25:

  What is the difference between subject areas that append the word "Real Time" and those that do not?

  A. The "Real Time" subject areas are based on subledger transactions and the ones that are not are based on general ledger balances.
  B. The "RealTime" subject areas are based on real-time transactions in the applications, and those that are not, are based on data stored in the Oracle Business Intelligence Applications data warehouse.
  C. The "Real Time" subject areas are based on real-time transactions and those that are not, are based on historical data.
  D. There is no difference.
  B. The "RealTime" subject areas are based on real-time transactions in the applications, and those that are not, are based on data stored in the Oracle Business Intelligence Applications data warehouse.

• Question 26:

  You are using the Payable's Deferred Expense feature (also known as Multiperiod Accounting). You have entered an invoice for a three-month lease that is entered on Jan 10th. The total expense is $12,000 and it covers the rental period from Jan 1st to mar 31st.

  Assuming that the rental expenses are split evenly per month and a monthly accounting calendar is used, what would the accounting entry be?

  A. On Jan 10th, Debit Prepaid Expense 12,000 and Credit Liability for 12,000and thenOn Jan 31st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000On Feb 28st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000On Mar 31st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000
  B. On Jan 10th, Debit Prepaid Expense 12,000 and Credit Liability for 12,000
  C. On Jan 31st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000On Feb 28st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000
  D. On Mar 31st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000On Jan 10th, Debit Prepaid Expense 12,000 and Credit Liability for 12,000
  A. On Jan 10th, Debit Prepaid Expense 12,000 and Credit Liability for 12,000and thenOn Jan 31st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000On Feb 28st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000On Mar 31st, Debit Rental Expense for 4,000 and Credit Prepaid Expense for 4,000

• Question 27:

  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?

  A. The installment is selected and a discount of $150 USD is applied.
  B. The installment is selectedand a discount of $50 USD is applied.
  C. The installment is not selected because the due date is after the Pay Through Date.
  D. The installment is selected and no discount is applied.
  E. The installment is not selected because the discount dates are before the Pay Through Date.
  D. The installment is selected and no discount is applied.

• Question 28:

  An invoice for $1,000 USD and a credit memo for ($1,100) USD are due for payment. What are the two outcomes if you choose the "Apply Credits Up to Zero Amount" option when submitting a Payment Process Request?

  A. Only the invoice is paid fully but the credit memo is partially paid with a credit of ($100) USD remaining.
  B. Both the invoice and the credit memo are fully paid.
  C. Neither the invoice nor the credit memo is included in the Payment Process Request.
  D. Both the invoice and the credit memo are included in the Payment Process Request.
  B. Both the invoice and the credit memo are fully paid.

• Question 29:

  Your company wants to generate intercompany transactions in USD but only if the amount involved is $3,000 USD or more. Which two intercompany system options are valid?

  A. Approval rules need to set the allow of the intercompany transactions to be routed to the receiver or provider.
  B. Set the intercompany system option minimum transaction amount of $3,000 USD.
  C. Intercompany invoices will be generated for the minimum accountable amount set at the payable invoice options and receivable system options.
  D. You cannot update the minimum transaction currency when intercompany currency is entered.
  E. Set the intercompany system option minimum transaction amount to $2,999.99 USD.
  B. Set the intercompany system option minimum transaction amount of $3,000 USD.
  C. Intercompany invoices will be generated for the minimum accountable amount set at the payable invoice options and receivable system options.

• Question 30:

  Your customer has implemented English as base language and French as a local language. The customer's bank needs the payment file to be sent to them in French. What is the relevant step to do this for preparing the payment template?

  A. Create your template in English language. then upload it to Business Intelligence (BI) under thecustom/payment folder, under the templates region. Use English locale and generate the XLIFF file. Then upload the file back under the translated region.
  B. Create your template in the local language. then upload it to Business Intelligence (BI) under thecustom/payment folder, under the templates region. Use English locale and generate the XLIFF file. Then upload the file back under the translated region.
  C. Create your template in English language. then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region with country locale.
  D. Create your template in local language. then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region with country locale.
  A. Create your template in English language. then upload it to Business Intelligence (BI) under thecustom/payment folder, under the templates region. Use English locale and generate the XLIFF file. Then upload the file back under the translated region.

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  Reference: https://docs.oracle.com/cd/E21764_01/bi.1111/e13881/T527073T559221.htm