Oracle 1Z0-961 Online Practice Questions and Exam Preparation

Oracle 1Z0-961 Online Questions & Answers

• Question 31:

  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?

  A. The invoices are placed on payment hold.
  B. The status of each payment in the payment fileis Cancelled and the related documents are available for future selection.
  C. The status of the payment file is Cancelled.
  D. The status of the payment file is Terminated.
  E. The status of each payment in the payment file is Terminated.
  D. The status of the payment file is Terminated.
  E. The status of each payment in the payment file is Terminated.

• Question 32:

  You have three procurement business units, four requisition business units and five sold-to business units. For which will the supplier registration flows be deployed?

  A. one business unit per supplier
  B. four requisition business units
  C. three procurement business units
  D. five sold-to business units
  E. twelve business units per supplier
  A. one business unit per supplier

• Question 33:

  What job roles are required to access information within Functional Setup Manager?

  A. Application Implementation Manager
  B. Functional Setup Manager Superuser
  C. Application Implementation Consultant
  D. Any Functional User
  E. IT Security Manager
  A. Application Implementation Manager
  C. Application Implementation Consultant

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  Reference: https://apps2fusion.com/oracle-fusion-online-training/fusion-applications/oracle- fusion-hcm/694-introducing-to-functional-set-up-manager-in-oracle-fusion-hcm

• Question 34:

  You created a payment and before it is cashed by the supplier you mistakenly submitted a request to stop payment. Later you canceled the request to stop payment. What is the resulting payment status?

  A. Canceled
  B. Stop initiated
  C. Negotiable
  D. Available
  E. Voided
  F. Cleared
  F. Cleared

• Question 35:

  Identify three scenarios where you are not allowed to cancel an invoice.

  A. An accounting entry has been created for the invoice.
  B. Prepayments were applied to the invoice.
  C. The invoice was adjusted by a credit or a debit memo.
  D. The invoice is validated.
  E. The invoice is fully or partially paid.
  B. Prepayments were applied to the invoice.
  C. The invoice was adjusted by a credit or a debit memo.
  E. The invoice is fully or partially paid.

• Question 36:

  Which two statements are true about the Invoice Validation process?

  A. updates supplier balances
  B. validates project information
  C. creates tax lines and distributions
  D. creates withholding tax invoices, if withholding tax is enabled to create withholding tax at payment, so that you can make payment on this invoice
  E. creates accounting entries in draft
  A. updates supplier balances
  B. validates project information

• Question 37:

  The payment build program has completed but with errors.

  When submitting the payment process request, which processing option is used to review the error messages from the Manage Payment Process Request Inquiry?

  A. Set the validation failure handling for documents to "show errors".
  B. Set the validation failure handling for payments to "show errors".
  C. Enable debug for the payment format program.
  D. Set the validation failure handling for payments to "stop process for review".
  D. Set the validation failure handling for payments to "stop process for review".

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  Reference: https://docs.oracle.com/cloud/latest/financialscs_gs/FAPPP/FAPPP1011879.htm

• Question 38:

  Which two setups are required to ensure the same tax is applied on both intercompany payable and receivable invoice?

  A. Payable options are receivable system options should have same tax application options.
  B. Tax for inter-company is to be loaded using Create Taxable Transactions in Spreadsheet.
  C. First enter Payable transaction to calculate tax and then for Receivable Transaction.
  D. You should check if any specific rules defined should cover bothSales_transactionandpurchase_transactionbusiness category.
  E. Ensure that both the receiver and provider business units and legal entities are subscribed to the applicable tax regime on the transaction date.
  C. First enter Payable transaction to calculate tax and then for Receivable Transaction.
  E. Ensure that both the receiver and provider business units and legal entities are subscribed to the applicable tax regime on the transaction date.

• Question 39:

  You want to route invoices to three different approvers at the same time and only one approver needs to approve the invoice. Which approval ruleset should you use?

  A. InvoiceApproversSingleParticipantInParallelMode
  B. InvoiceApprovers
  C. InvoiceApproversParallelParticipantInParallelMode
  D. InvoiceApproversFYIParticipantInParallelMode
  B. InvoiceApprovers

• Question 40:

  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).
  C. System will calculate error tolerance as Policy Rate * (1 + Warning Tolerance + Error Tolerance/100).