1z1-961 by Oracle Actual Free Exam Q&As

Question 1

Which two statements are true related to configuration package? (Choose two.)

A. You can export and import the approval rules from the approval management engine. B. You can export and import selected business object services. C. You can export and import selected business units. D. You can export and import the allocation rules from the allocation manager. E. You can export and import the custom roles from Oracle Identity Manager.

Discussion 0

Correct Answer: B,E Vote an answer

Question 2

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

A. The employee's supervisor can manually release the hold. B. Based on the receipt status, the Expenses program can automatically release the payment hold once it detects that receipts are received or waived. C. The employee can manually release the hold. D. Payables Manager can release payment holds in Payables. E. The expense auditor can manually release the payment hold at his discretion.

Discussion 0

Correct Answer: B,E Vote an answer

Question 3

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 an expense report? (Choose two.)

A. Expenses do not create payment requests for expense reports that have missing or overdue receipts. B. An expense report may require original, imaged, or both types or receipts. C. Receipts are not required if the expense item falls within Per Diem Rates. D. Users can maintain scanned receipts in a central repository and provide a reference number in the expense report.

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Correct Answer: A,B Vote an answer

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Question 4

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

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Correct Answer: C Vote an answer

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Question 5

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?

A. Validate the invoice in Payables. B. Create Accounting for the invoice in Payables. C. Transfer the data to General Ledger. D. Create a payment process request in Payments.

Discussion 0

Correct Answer: D Vote an answer

Question 6

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

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

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Correct Answer: A,C,D Vote an answer

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Question 7

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

Discussion 0

Correct Answer: D Vote an answer

Question 8

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. (Choose two.)

A. A payment that has been accounted and posted to General Ledger. B. A payment for an invoice with an associated Withholding Tax invoice. C. A payment that pays a prepayment that has been applied to an invoice. D. A payment with the status of Issued. E. A payment that has already cleared the bank.

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Correct Answer: C,E Vote an answer

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

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Correct Answer: D Vote an answer

Oracle Financials Cloud: Payables 2017 Implementation Essentials - 1z1-961 Exam Practice Test