1z0-961 by Oracle Actual Free Exam Q&As

Question 1

Certain suppliers that your customer regularly deals with are exempt from tax. How would you configure tax for this?

A. Define a Tax Status and Rate for Exempt, define a Supplier Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Supplier Fiscal Classification. B. Create a new Tax Regime for the Exempt tax and subscribe the exempt suppliers to the tax regime on the Configuration Options tab. C. Enable the relevant suppliers for Offset Tax and create an Offset Tax to remove the calculated tax line from these suppliers. D. Define a Tax Status and Rate for Exempt, define a Party Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Party Fiscal Classification.

Discussion 0

Correct Answer: C Vote an answer

Question 2

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. InvoiceApproversFYIParticipantInParallelMode C. InvoiceApprovers D. InvoiceApproversParallelParticipantInParallelMode

Discussion 0

Correct Answer: C Vote an answer

Question 3

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

A. Oracle Wallet B. Payments master encryption key C. Sensitive data encryption and storage D. Supplier master encryption key E. Payments subkeys

Discussion 0

Correct Answer: D Vote an answer

Question 4

Which statement is correct if the payment terms entered in the invoice differ from the payment terms on the purchase order?

A. The payment term of the purchase order overrides the invoice payment term. B. The user needs to specify which payment term to use. C. The payment term of the invoice overrides the purchase order payment term. D. The user needs to manually change the payment term on the invoice to match the purchase order payment term. E. The purchase order payment term cannot be overridden.

Discussion 0

Correct Answer: D Vote an answer

Question 5

How will system evaluate the tolerances for expense reports?

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

Discussion 0

Correct Answer: B Vote an answer

Question 6

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

A. Assign the Expense Auditor job role to each auditor and use a data access set to associate the business unit to the role. B. Assign the Expense Auditor job role to each auditor and use segment value security rules to secure access to the business units. C. Assign the Expense Auditor job role to each auditor and associate the business unit to the role by using the Manage Data Access for Users page. D. Assign the Expense Auditor as the owner of each business unit on the Manage Business Unit Set Assignments page.

Discussion 0

Correct Answer: C Vote an answer

Question 7

Which method can you use to route payment approval rules?

A. Approval Groups B. Both Parallel and Sequential C. Parallel D. Serial and FYI (For Your Information) E. Sequential

Discussion 0

Correct Answer: A Vote an answer

Question 8

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

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

Discussion 0

Correct Answer: A,D Vote an answer

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Question 9

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? (Choose two.)

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

Discussion 0

Correct Answer: D,E Vote an answer

Oracle Financials Cloud: Payables 2017 Implementation Essentials - 1z0-961 Exam Practice Test