Download Oracle Financials Cloud: Payables 2017 Implementation Essentials.1z0-961.PracticeTest.2019-01-31.46q.tqb

Vendor: Oracle
Exam Code: 1z0-961
Exam Name: Oracle Financials Cloud: Payables 2017 Implementation Essentials
Date: Jan 31, 2019
File Size: 179 KB
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Demo Questions

Question 1
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 2
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
Question 3
While entering an expense report for your corporate card transactions, you notice that the conversion rate defined in the Manage Conversion Rates and Policies page is not used. 
What is the reason?
  1. You did not define conversion rates in the General Ledger Cloud.
  2. Only cash transactions use those settings.
  3. You did not define conversion rates for your business unit.
  4. You did not specify a default expense template.
Correct answer: B
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