Download Oracle Financials Cloud: Payables 2017 Implementation Essentials.1z0-961.PassCertification.2019-01-27.47q.tqb

Vendor: Oracle
Exam Code: 1z0-961
Exam Name: Oracle Financials Cloud: Payables 2017 Implementation Essentials
Date: Jan 27, 2019
File Size: 182 KB
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Demo Questions

Question 1
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. (Choose two.)
  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
Question 2
Which component is not included in the security architecture for credit card data and bank account data encryption?
  1. Payments master encryption key
  2. Oracle Wallet
  3. Payments subkeys
  4. Sensitive data encryption and storage
  5. Supplier master encryption key
Correct answer: E
Question 3
An installment for $2,000 USD is due for payment on July 31, 2016. The installment has two discounts: the first discount date is June 15, 2016 for $150 USD and the second discount date is June 30, 2016 for $50 USD.
You submit a Payment Process Request with the following criteria:
  • Payment Date = June 20, 2016 
  • Pay Through Date = July 30, 2016 
  • Date Basis = Due Date 
What will be the resulting status of the installment and discount?
  1. The installment is selected and a discount of $150 USD is applied.
  2. The installment is selected and a discount of $50 USD is applied.
  3. The installment is not selected because the due date is after the Pay Through Date.
  4. The installment is selected and no discount is applied.
  5. The installment is not selected because the discount dates are before the Pay Through Date.
Correct answer: D
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