Exam Number: 1Z0-961
Exam Title: Oracle Financials Cloud: Payables 2017 Implementation Essentials
Associated Certification Paths : Oracle Financials Cloud: Payables 2017 Certified Implementation Specialist
Duration: 120
Number of Questions: 73
Passing Score: 61%
Validated Against: This exam has been validated against R13. (Previous version of this exam was validated against R12 in 2017)
Format: Multiple Choice
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Additional Preparation and Information
A combination of Oracle training and hands-on experience (attained via labs and/or field experience) provides the best preparation for passing the exam.
Our certification exams are revised regularly to align with training and product release updates. Information about exam revisions and new topics are found on this page under ‘Validated Statement’ and within the exam topics below. Certifications reflect validated skills for year and product release version date of achievement. If you are preparing for this exam, we recommend you check these topics periodically to ensure your exam prep covers any new topics that may be added based on regular exam revision.
Invoicing
Explain the Integrated Imaging Solution
Create invoices
Approve Invoices
Manage supplier information
Payments
Create a payment
Execute a Payment Process Request
Void a payment
Explain Bank Reconciliations
Customize Payment Formats
Set up payments for disbursement
Explain payment security
Explain payment approvals
Expenses
Explain expense reporting
Approve expense reports
Process expense reimbursements
Manage Corporate Cards
Audit Expense Reports
Set up Expenses
Reporting
Explain how to design and use various reporting tools
Explain Oracle Transactional Business Intelligence (OTBI)
Use Business Intelligence Publisher (BIP) Reports
Use the Payables to Ledger Reconciliation Report
Process intercompany reconciliations
Other Payables Topics
Process Income Tax and Withholding tax calculations
Explain the Close process
Configure Payables Setups
Configure Business Units
Demonstrate payables accounting concepts
Execute 1099 Reporting
Describe the Functional Setup Manager
QUESTION 1
What validation step is required for implementing dispute processing?
A. The Recognize Revenue Program is scheduled.
B. BPM Work List for approval configuration is validated.
C. Periods for which the transaction can be disputed are Open.
D. All transactions are of the invoice type.
Answer: B
QUESTION 2
Your client performs many customer refunds and would like to search for real-time Receivables Refunds Status easily.
What should you do to meet this requirement?
A. Create a Business Intelligence Publisher Report because you cannot create an OTBI Report for refunds.
B. Create an Oracle Business Intelligence Applications (OBIA) Report.
C. Query each customer refund and verify the Refund Status.
D. Create a Real Time Report by using Oracle Transactional Business Intelligence (OTBI).
Answer: D
QUESTION 3
To determine the best approach to converting a client’s data, you must know which setup is set-enabled and can be shared.
Identify three set-enabled setups in Receivables. (Choose three.)
A. Collectors
B. Standard Memo Lines
C. Revenue Types
D. Receivable Specialists
E. Revenue Contingencies
Answer: B,C,E
QUESTION 4
Which two are rules applicable to issue of refunds? (Choose two.)
A. You cannot refund more than either the original receipt amount or the remaining unapplied amount.
B. You can refund receipts that were either remitted or cleared.
C. You can issue a credit card refund to a customer who has made a cash payment.
D. You can refund receipts that are factored.
Answer: A,B
QUESTION 5
You are the Billing Manager and you are responsible for reviewing adjustments and approving them.
Which two tabs are available in the Adjustments Overview Region on the Billing Work Area page? (Choose two.)
A. Pending My Research
B. Pending Approval From Managers
C. Pending Approval
D. Pending My Approval
E. Approved
Answer: A,D
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