Download Oracle Financials Cloud: Payables 2017 Implementation Essentials.1z0-961.Pass4Sure.2018-07-03.48q.tqb

Vendor: Oracle
Exam Code: 1z0-961
Exam Name: Oracle Financials Cloud: Payables 2017 Implementation Essentials
Date: Jul 03, 2018
File Size: 188 KB
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Demo Questions

Question 1
Your intercompany transaction type is active and enabled for invoicing. What are the two prerequisites to generate intercompany receivables and intercompany payable transactions after the Generate Intercompany Allocations process is run?
  1. Run the process Transfer Intercompany transactions to Receivables and Transfer Intercompany transaction to Payables.
  2. For the Legal Jurisdiction, Legal function “Generate intercompany invoice” should be assigned.
  3. Supplier site primary pay flag and customer account bill to primary flag should be enabled.
  4. Manual Approvals should be allowed for the transaction type.
  5. Schedule create accounting for the intercompany process.
  6. Run the processes Create Intercompany transactions to Receivables and Create Intercompany transactions to Payables.
Correct answer: A
Explanation:
Reference https://docs.oracle.com/cloud/latest/financialscs_gs/FAUGL/FAUGL1476872.htm
Reference https://docs.oracle.com/cloud/latest/financialscs_gs/FAUGL/FAUGL1476872.htm
Question 2
If you accidentally paid an invoice using Create Payment flow, can you undo the operation?
  1. Cancel the invoice and create a new one.
  2. yes, by creating a credit memo to offset the payment
  3. yes, by canceling the payment process from the process monitor
  4. no
  5. yes, by voiding the payment created
Correct answer: E
Question 3
After you submitted a Payment Process Request, you noticed errors. You want to void the payments. 
Identify two statements that indicate when it is not possible to void a payment.
  1. A payment with the status of Issued.
  2. A payment that has already cleared the bank.
  3. A payment for an invoice with an associated Withholding Tax invoice.
  4. A payment that has been accounted and posted to General Ledger.
  5. A payment that pays a prepayment that has been applied to an invoice.
Correct answer: BE
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