Free Oracle 1z0-961 Exam Dumps Questions & Answers

You have 10 ledgers and 30 business units and want to leverage Reference Data Sets. What is the function of Reference Data Sets?

• A.allow you to secure data by business unit
• B.allow you to assign multiple business units to users in a shared service center
• C.allow you to maintain sets of related data in a Data Dictionary
• D.allow you to share reference data, such as payment terms, across multiple business units to avoid redundant setup

Which statement is true about selecting a bank account on the Create Payment page?

• A.Bank account must match the supplier's bank account.
• B.LE on the bank account should be equal to LE on the invoice.
• C.There is not relationship between the business unit, bank, and LE. Users can pick any bank account that is setup in their system.
• D.LE on the bank account should be different from the LE on the invoice.
• E.Users can pick any bank account as long as the bank account is tied to the business unit.

What are the two advantages of using a spreadsheet for correcting invoice import errors? (Choose two.)

• A.ability to enter a high volume of invoices via a spreadsheet
• B.identification of errors with clear error messages at the invoice header level only
• C.identification of errors with clear error messages at the invoice header and line levels
• D.ability to correct errors within the spreadsheet and send invoice corrections for approval
• E.ability to correct errors and re-import invoices directly from a spreadsheet

An invoice for $1,000 USD and a credit memo for ($1,100) USD are due for payment.
What are the two outcomes if you choose the "Apply Credits Up to Zero Amount" option when submitting a Payment Process Request?

• A.Only the invoice is paid fully but the credit memo is partially paid with a credit of ($100) USD remaining.
• B.Neither the invoice nor the credit memo is included in the Payment Process Request.
• C.Both the invoice and the credit memo are fully paid.
• D.Both the invoice and the credit memo are included in the Payment Process Request.

Select three reasons why you cannot close your Payables period. (Choose three.)

• A.bills payable requiring maturity
• B.unaccounted invoices and payments
• C.open intercompany transactions
• D.unapplied prepayments
• E.suppliers on payment holds