1Z0-961 Exam Questions & Answers

Exam Code: 1Z0-961

Exam Name: Oracle Financials Cloud: Payables 2017 Implementation Essentials

Updated: Apr 22, 2024

Q&As: 79

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Practice These Free Questions and Answers to Pass the SaaS-ERP Enterprise Business Processes Exam

Questions 1

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

Show Answer
Questions 2

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 "RealTime" 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 transactions and those that are not, are based on historical data.

D. There is no difference.

Show Answer
Questions 3

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?

A. Run and submit your 1099s because it will automatically reflect any changes.

B. Edit the 1099 template to reflect the changes, and then run and submit the 1099 report.

C. Generate a 1096 form and submit it instead.

D. Manually enter the 1099s forthe State and submit.

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Questions 4

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

A. An accounting entry has been created for the invoice.

B. Prepayments were applied to the invoice.

C. The invoice was adjusted by a credit or a debit memo.

D. The invoice is validated.

E. The invoice is fully or partially paid.

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Questions 5

Which two statements are true when you are using the Intercompany Reconciliation Process?

A. Transaction Summary Report will show only transactions with status received.

B. The reconciliation period summary report will show the intercompany receivable and the intercompany payablelines generated by the intercompany balancing feature.

C. Ledger balancing lines are generated when the primary balancing segment value is in balance but either the second balancing segment or the third balancing segment is out of balance.

D. You must runthe Extract Intercompany Reconciliation Data job.

E. The reconciliation period summary report will not show the intercompany receivables and intercompany payables lines generated for the provider and receiver of each intercompany transaction.

Show Answer

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