Oracle Cloud Payables Certification Dumps PDF

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Oracle Cloud Payables Certification Dumps which is useful for preparing the exam conducted by oracle...

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Exam

:

1z0-961

Title

:

Oracle ncials Cloud: Paya 2017 Im mentation Essentials

Vend

:

Oracle

Version

:

V12.95

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NO.1 In what order should the import process be run when importing suppliers? A. any order B. Supplier, Supplier Site, Supplier Site Contacts, Supplier Site Assignments C. Supplier, Supplier Site Contacts, Supplier Site, Supplier Site Assignment D. Supplier, Supplier Site Assignment, Supplier Site, Supplier Contacts Answer: B Explanation Reference https://docs.oracle.com/cloud/latest/procurementcs_gs/OAPRC/OAPRC1007476.htm

NO.2 You have just imported invoices from a spreadsheet. What is the validation status of the imported invoices? A. Imported B. Never Validated C. Validated D. Needs Revalidation

E. Not Required Answer: B NO.3 Certain suppliers that your customer regular

with are exempt from tax. How would you

configure tax for this? A. Define a Tax Status and Rate for Exempt, Party Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to ate the exempt Party Fiscal Classification. B. Enable the relevant suppliers for Of and create an Offset Tax to remove the calculated tax line from these suppliers. C. Define a Tax Status and Rate pt, define a Supplier Fiscal Classification of Exempt, assign it to the relevant suppliers, and ule to incorporate the exempt Supplier Fiscal Classification. D. Create a new Tax Regim e Exempt tax and subscribe the exempt suppliers to the tax regime on the Configuration O b. Answer: B

NO.4 Your int

ny transaction type is active and enabled for invoicing. What are the erequisites to generate intercompany receivables and intercompany payable transactions aft the Generate Intercompany Allocations process is run? (Choose two.) A. Run the process Transfer Intercompany transactions to Receivables and Transfer Intercompany transaction to Payables. B. For the Legal Jurisdiction, Legal function "Generate intercompany invoice" should be assigned. C. Supplier site primary pay flag and customer account bill to primary flag should be enabled. D. Manual Approvals should be allowed for the transaction type.

E. Schedule create accounting for the intercompany process. F. Run the processes Create Intercompany transactions to Receivables and Create Intercompany transactions to Payables. Answer: A Explanation

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Reference https://docs.oracle.com/cloud/latest/financialscs_gs/FAUGL/FAUGL1476872.html

NO.5 Before you can configure payment approval rules, your company must define a payment approval policy. Which three are done by the payment approval policy? (Choose three.) A. It allows approvers to review payments and decide whether or not to approve a payment. B. It defines criteria for triggering the payment approval process, such as payment amount, bank account, or pay group. C. It defines when to initiate the payment approval process. D. It determines which payments must go through the payment approval process. E. It defines a list of approvers who review payments and make final payment decisions. Answer: B C E

NO.6 Which statement is true about selecting a bank account o ate Payment page? A. Bank account must match the supplier's bank account. B. There is not relationship between the business unit, b LE. Users can pick any bank account that is setup in their system. C. LE on the bank account should be different fro on the invoice. D. LE on the bank account should be equal to e invoice. E. Users can pick any bank account as lon ank account is tied to the business unit. Answer: D

NO.7 Which dashboard or wor

plays the Scanned Invoices region for invoices processed ging solution?

through the Payables Integr A. Invoices Workarea o B. Payables Dashbo voices Workarea C. Payables Dash ly D. Manage I age

E. C-Level execu ves Answer: A Explanation Reference https://docs.oracle.com/cd/E51367_01/financialsop_gs/FAIPP/F1469798AN1007C.htm

NO.8 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 step to do this for preparing the payment template? A. Create your template in English language, then upload it to Business Intelligence (BI) under the custom/payment folder, under the templates region. Use English locale and generate the XLIFF file. Then upload the file back under the translated region. B. Create your template in the local language, then upload it to Business Intelligence (BI) under the custom/payment folder, under the templates region. Use English locale and generate the XLIFF file. Then upload the file back under the translated region. C. Create your template in English language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region with country locale. 3

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D. Create your template in local language, then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region with country locale. Answer: A Explanation Reference https://docs.oracle.com/cd/E21764_01/bi.1111/e13881/T527073T559221.htm

NO.9 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? A. Enter the invoice via a spreadsheet. Then, from the Manage Invoices page, query the invoice, validate it, create accounting, and then open general ledger's Manage Journals page and post the associated invoice journal entry. B. Enter the invoice in the Create Invoice page, choose the Validate option, and then the Account and Post to Ledger option. C. Enter and post a manual journal entry directly into the general ledger. D. Enter the invoice via a spreadsheet and then validate, account, and invoice from the spreadsheet. Answer: D

NO.10 Which three are attributes that are recognized by A. PO Number B. Payment Method C. Terms Date D. Invoice Number E. Invoice Date Answer: A D E NO.11 You have an invoic

maging? (Choose three.)

0 USD and a credit memo for $225 USD. In other words, the credit unt. pply credits up to zero amount payment, then how will the invoice and

amount exceeds the inv If you enable the op credit memo be A. Both the invoice nd the credit memo are selected and the Payment Process Request requires attention. B. Both the invoice and the credit memo are paid and a refund of $25 USD is created. C. Neither the invoice nor the credit memo are included in the payment process request because the credit reduces the payment amount below zero. D. Both the invoice and credit memo are included in the payment process request for a payment amount of $0 USD. The credit memo is partially paid with a remaining credit of $25 USD. Answer: D

NO.12 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 roles to each auditor. B. Assign the Expense Auditor as the owner of each business unit. 4

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C. Assign the Expense Auditor Vision Operations and Expense Auditor Vision Services data roles to each Expense Auditor. D. Use segment value security rules to secure access to business units. Answer: C Explanation Reference https://docs.oracle.com/cloud/farel8/financialscs_gs/FAWDE/F1005004AN1204B.htm

NO.13 Which reports can show you differences between your subledger balances and general ledger balances to help you reconcile quickly? A. General Ledger Financial Statements and the Accounts Payab and Invoice Registers B. Payables to Ledger Reconciliation report C. Payables Aging reports with the General Ledger Trial B port D. Payables Trial Balance and General Ledger Trial Bal orts Answer: B NO.14 How will system evaluate the toleranc pense reports? A. System will use absolute amount tolera p to do validations. B. System will calculate error tolerance cy Rate * (1+Error Tolerance/100|) currency precision. C. System will calculate error tole Policy Rate * (1 + Warning Tolerance + Error Tolerance/100). D. System will calculate wa erance as Policy Rate * (1 + Warning Tolerance/100)* currency precision. E. System will calcula ng tolerance as Policy Rate * (1+ Warning Tolerance/100). Answer: C

NO.15 An in

$1,000 USD and a credit memo for ($1,100) USD are due for payment. What are outcomes if you choose the "Apply Credits Up to Zero Amount" option when submitting a P yment Process Request? A. Only the invoice is paid fully but the credit memo is partially paid with a credit of ($100) USD remaining. B. Both the invoice and the credit memo are fully paid. C. Neither the invoice nor the credit memo is included in the Payment Process Request. D. Both the invoice and the credit memo are included in the Payment Process Request. Answer: B

NO.16 Which component is not included in the security architecture for credit card data and bank account data encryption? A. Payments master encryption key B. Oracle Wallet C. Payments subkeys D. Sensitive data encryption and storage E. Supplier master encryption key

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Answer: E NO.17 Which two statements are true about the Invoice Validation process? (Choose two.) 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 Answer: A B

NO.18 A company has a requirement to default the disbursement bank account when submitting a Payment Process Request. Which two actions will accomplish this? (Choose two.) A. Define the Disbursement Bank Account to every supplier. B. Define the Disbursement Bank Account to the Payment n payment default rules. C. Assign the Disbursement Bank Account to users to ha ayment process default the bank account. D. Create a Payment Process Request template t es the Disbursement Bank Account. E. Define the Disbursement Bank Account at t ess unit level to have the payment process derive the bank account. Answer: B D NO.19 What job roles are require ss information within Functional Setup Manager? A. Application Implementation r B. Functional Setup Manag ser C. Application Implemen onsultant D. Any Functional Us E. IT Security Man Answer: A C Explanation Reference https://apps2fusion.com/oracle-fusion-online-training/fusion-applications/oracle-fusion-hcm/694introducing-to-

NO.20 An installment meets all the selection criteria of a Payment Process Request, but it still does not get selected for payment processing. What is the reason for this? A. The invoice needs re-validation. B. The pay-through date is in a future period. C. The invoice has not been accounted. D. The installment was manually removed. E. The pay-through date is in a closed Payables period.

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Answer: A D Explanation An installment can meet the selection criteria of a payment process request, yet not get selected for payment for one or more reasons. You can review installments that were not selected for payment, along with the reasons they were not selected, on the Not Selected tab of the Review Installments page. The reasons are as follows: * Rejected by approver * Withholding tax calculation error * Credit reduces payment amount below zero * Invoice needs revalidation * Invoice requires approval * Invoice never validated * Payment date in closed period * Payment date before system date not allowed * Installment on hold * Supplier site on payment hold * Installment manually removed * Zero amount installments excluded

NO.21 You have an invoice for a three-month

wish to recognize the expense monthly for

the duration of the lease. What must be entered on the invoice in do this? A. You must provide a start date an rual account for the prepaid expenses in the invoice lines or distributions. B. You must provide the ac ount for the prepaid expenses in the invoice lines or distributions . C. You must provid date and an end date for the prepaid expenses in the invoice lines or distributions. D. You must provide a start date, an end date, and the accrual account for the prepaid expenses in the invoice lines or distributions. Answer: B

NO.22 The Accounts Payable Manager voided a foreign currency payment due to insufficient funds. Which three statements are correct? (Choose three.) A. Voiding the payment automatically places an invoice on hold. B. Any previous accounting and payment records for an invoice are reversed. C. Any realized gain or loss previously calculated is reversed. D. All related withholding tax invoices are automatically voided. E. All related interest invoices are reversed if previously created. Answer: B D E

NO.23 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? 7

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A. Canceled B. Stop initiated C. Negotiable D. Available E. Voided F. Cleared Answer: F NO.24 A Payment Process Request was submitted and errors

nd in the payment file. The

payment file and process were terminated. Which two statements are true? (Choose two.) A. The invoices are placed on payment hold. B. The status of each payment in the payment file ed and the related documents are available for future selection. C. The status of the payment file is Cancelle D. The status of the payment file is Term E. The status of each payment in the p ile is Terminated. Answer: D E

NO.25 When reviewing insta invoice? A. Allow the remit-to s B. Allow payee to ov C. Allow the rem

D. Allow the r Answer: D

what setup is required to override the supplier site on an

erride for third-party payments at Manage Payment options. r third-party payments while Manage Invoice options. lier address override for third-party payments at Manage Invoice options. upplier override for third-party payments at Manage Invoice options.

NO.26 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. Users can maintain scanned receipts in a central repository and provide a reference number in the expense report. B. An expense report may require original, imaged, or both types or receipts. C. Expenses do not create payment requests for expense reports that have missing or overdue receipts. D. Receipts are not required if the expense item falls within Per Diem Rates. Answer: B C Explanation Reference https://docs.oracle.com/cloud/farel8/financialscs_gs/FAWDE/F1005004AN1204B.htm#F688791AN12 A7A NO.27 You want to route invoices to three different approvers at the same time and only one 8

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approver needs to approve the invoice. Which approval ruleset should you use? A. InvoiceApproversSingleParticipantInParallelMode B. InvoiceApprovers C. InvoiceApproversParallelParticipantInParallelMode D. InvoiceApproversFYIParticipantInParallelMode Answer: B

NO.28 An invoice for $200 USD and a credit memo for $225 USD a

r payment and the cess request.

"Apply credits up to zero amount" option is enabled for the pay Which statement is correct? A. The payment process request applies $200 USD of th emo to the invoice, leaving a remaining credit of $25 USD, and creates a payment D. B. The payment process request doesn't select t e or credit memo for payment because the credit reduces the payment to - $25 USD, wh ow zero. C. The payment process request creates for $225 USD and leaves the invoice unpaid. D. The payment process request pay 00 USD alone. Answer: D

NO.29 Identify two ways ce imaging solution works in the Cloud. (Choose two.) A. Customers scan th on-premise and email the images. B. Customers can nvoice imaging in the Cloud. C. Customers s store the invoice images on-premise and attach them during invoice entry. D. Customers ask heir suppliers to scan and email the invoice. E. Customers ask suppliers to send electronic invoices. Answer: A D NO.30 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. 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 closed Payables period. E. The invoices need re-validation. Answer: A E Explanation Reference https://docs.oracle.com/cd/E37017_01/doc.1115/e22897/F438410AN16238.htm

NO.31 You want your expense auditors to audit only expense reports for specific business units. How do you do this? A. Make auditors the managers of the corresponding business unit to route expense reports properly. B. Create your own audit extension rules that correspond to the business unit.

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C. Assign the expense auditors job role and business unit security context and value to the user. D. Create a custom duty role and assign the data roles to each auditor. Answer: C NO.32 What is the difference between subject areas that append the word "Real Time" and those that do not? A. The "Real Time" subject areas are based on subledger transactions and the ones that are not are based on general ledger balances. B. The "Real Time" subject areas are based on real-time transactions in the applications, and those that are not, are based on data stored in the Oracle Business Intelligence Applications data warehouse. C. The "Real Time" subject areas are based on real-time trans and those that are not, are based on historical data. D. There is no difference. Answer: B

NO.33 Which two setups are required to ensu

ame tax is applied on both intercompany

payable and receivable invoice? (Choose tw A. Payable options are receivable system s should have same tax application options. B. Tax for inter-company is to be load g Create Taxable Transactions in Spreadsheet. C. First enter Payable transaction ate tax and then for Receivable Transaction.

D. You should check if any spec

s defined should cover both Sales_transaction and purchase_transaction busin gory. E. Ensure that both the r and provider business units and legal entities are subscribed to the applicable tax regime ransaction date. Answer: C E

NO.34 Which three ypes of payments can you make if you have access to Disbursement Process Management Duty? (Choose three.) A. Supplier payments B. Ad hoc payments C. Employee advances D. Customer refunds E. Reimbursement of employee expense reports Answer: A D E Explanation Reference https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49599/F1110430AN6D6BD.htm

NO.35 What is the invoice type of an unapproved, unmatched invoice that was created in Fusion Supplier Portal? A. iSupplier Invoice B. Credit Memo

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C. Standard Invoice D. Standard invoice request E. Supplier payment request Answer: D Explanation Reference https://docs.oracle.com/cloud/farel8/financialscs_gs/FAPPP/F1011878AN100C1.htm

NO.36 Which two statements are t...