1Z0-961 Braindumps - Oracle Cloud 1Z0-961 Exam Questions 2018

1. Oracle Oracle Financials Cloud: Payables 2017 Implementation Essentials 1Z0-961 Exam Question & Answer PDF (FREE --- DEMO VERSION) Get Full Version of 1Z0-961 Exam Question Answer PDF Here: https://itexamquestions.com/product/1z0-961-exam-questions/ Thank You For Reviewing 1Z0-961 Exam PDF Demo

2. Version: 8.0 Queston: 1 An installment meets all of the selecton criteria of a Payment Process Request but it stll did not get selected for payment processing. Identfy two reasons for this. A. The installment was manually removed. B. The invoice has not been accounted. C. The pay-through date is in a future period. D. The pay-through date is in a closedPayables period. E. The invoices need revalidaton. Answer: A,E Reference: htps:::docs.oracle.com:cd:EE3703770:doc.0001:eee283:/FE2F07AA01eE2.htm Queston: 2 You are using the Payable’s Deferred Expense feature (also known as Multperiod Accountngg. You have entered an invoice for a three-month lease that is entered on Jan 07th. The total expense is $0e,777 and it covers the rental period from Jan 0st to mar E0st. Assuming that the rental expenses are split evenly per month and a monthly accountng calendar is used, what would the accountng entry be? A. On Jan 07th, Debit Prepaid Expense 0e,777 and Credit Liability for 0e,777and thenOn Jan E0st, Debit Rental Expense for F,777 and Credit Prepaid Expense for F,777On /eb e2st, Debit Rental Expense for F,777 and Credit Prepaid Expense for F,777On Mar E0st, Debit Rental Expense for F,777 and Credit Prepaid Expense for F,777 B. On Jan 07th, Debit Prepaid Expense 0e,777 and Credit Liability for 0e,777 C. On Jan E0st, Debit Rental Expense for F,777 and Credit Prepaid Expense for F,777On /eb e2st, Debit Rental Expense for F,777 and Credit Prepaid Expense for F,777 D. On Mar E0st, Debit Rental Expense for F,777 and Credit Prepaid Expense for F,777On Jan 07th, Debit Prepaid Expense 0e,777 and Credit Liability for 0e,777 Answer: A Queston: 3 Which statement is correct if the payment terms entered in the invoice difer from the payment terms on the purchase order? A. The purchase order payment term cannot be overridden. B. The user needs to manually change the payment term on the invoice to match the purchase order

3. payment term. C. The user needs to specify which payment term to use. D. The payment termof the invoice overrides the purchase order payment term. E. The payment term of the purchase order overrides the invoice payment term. Answer: B Queston: 4 Which two setups are required to ensure the same tax is applied on both intercompany payable and receivable invoice? A. Payable optons are receivable system optons should have same tax applicaton optons. B. Tax for inter-company is to be loaded using Create Taxable Transactons in Spreadsheet. C. /irst enter Payable transacton to calculate tax and then for Receivable Transacton. D. You should check if any bothSales7transactonandpurchase7transactonbusiness category. E. Ensure that both the receiver and provider business units and legal enttes are subscribed to the applicable tax regime on the transacton date. specifc rules defned should cover Answer: C,E Queston: 5 You want your expense auditors to audit only expenses reports for specifc business units. How do you do this? A. Create a custom duty role and assign the data roles to each auditor. B. Assign the auditors specifc data roles for the corresponding business units. C. Create your own audit extension rules that correspond to the business unit. D. Make auditors the managers of the corresponding business unit to route expense reports properly. Answer: B Reference: htp:::docs.oracle.com:cd:Ee8183770:fusionapps.0000:ee7E31:/11881FAA1F/0E.htm Queston: 6 The payment build program has completed but with errors. When submitng the payment process request, which processing opton is used to review the error messages from the Manage Payment Process Request Inquiry? A. Set the validaton failure handling for documents to “show errors”. B. Set the validaton failure handling for payments to “show errors”. C. Enable debug for the payment format program. D. Set the validaton failure handling for payments to “stop process for review”.

4. Answer: D Reference: htps:::docs.oracle.com:cloud:latest:fnancialscs7gs:/APPP:/APPP0700238.htm Queston: 7 You want to have an invoice line automatcally distributed across multple cost centers. /or example, you want your monthly utlity bill allocated across multple cost centers based on a percentage. Select two methods to achieve this. A. Customize the Subledger Accountng rules to allocate costs. B. Defne a distributon set andassign it manually to the invoice. C. Enter the invoice in Payables and then use general ledger’s Calculaton Manager to allocate the costs. D. Defne a distributon set and assign it to the supplier. Answer: A,B

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