1Z0-961 Exam Questions

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

A company makes the payment in a currency different from the invoice and ledger currency. What setup options are required to make the cross currency rate type the default?

What is the result of voiding a payment?

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

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?

Which component is not included in the security architecture for credit card data and bank account data encryption?

You are using both Procurement and Financials. You want the system to automatically accrue uninvoiced receipts. Select two true statements.

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

Select three reasons why you cannot close your Payables period.

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?

An invoice for $200 USD and a credit memo for $225 USD are due for payment and the "Apply credits up to zero amount" option is enabled for the payment process request. Which statem...

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. Wha...

You have 10 ledgers and 30 business units and want to leverage Reference Data Sets. What is the function of Reference Data Sets?

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...

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

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

The Accounts Payable Manager voided a foreign currency payment due to insufficient funds. Which three statements are correct?

A company has a requirement to default the disbursement bank account when submitting a Payment Process Request. Which two actions will accomplish this?

Which three attributes are captured during the scanning of invoice images?

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

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

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...

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 result...

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...

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 base...

Which invoice types can be included in the Create Payment flow?

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...

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

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 balan...

Identify what Oracle considers two best practices when setting up Payables and Receivables account access for bank reconciliation.

The expense auditor has chosen to Request More Information for an expense report. Select two ways the system processes this action.

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. Whic...

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 P...

While processing an expense report, the system placed a payment hold on the expense report. What are two ways to release payment holds?

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?

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?

Which dashboard or workarea displays the Scanned Invoices region for invoices processed through the Payables Integrated Imaging solution?

Which reports can show you differences between your subledger balances and general ledger balances to help you reconcile quickly?

Which method can you use to route payment approval rules?

You have modified your tax setup and want to test the changes on actual Payables transaction. How do you validate before enabling for transaction?

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?

Which attributes on the payables invoice can be used during approval rule creation?

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 submitti...

An installment meets all of the selection criteria of a Payment Process Request but it still did not get selected for payment processing. Identify two reasons for this.

How will system evaluate the tolerances for expense reports?

When submitting the Payables to General Ledger Reconciliation report, the extract did not select any data. What should you check?

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

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.

You have two business units, Vision Operations and Vision Services. How can you enable expense auditors to audit expense reports for specific business units?

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 duri...