1Z0-961 Online Practice Questions and 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

Identify two ways the invoice imaging solution works in the Cloud.

A. Customers scan the invoice on-premise and emailthe images.

B. Customers cannot use invoice imaging in the Cloud.

C. Customers scan and store the invoice images on-premise and attach them during invoice entry.

D. Customers ask their suppliers to scan and email the invoice.

E. Customers ask suppliers tosend electronic invoices.

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?

A.

The installment is selected and a discount of $150 USD is applied.

B.

The installment is selectedand a discount of $50 USD is applied.

C.

The installment is not selected because the due date is after the Pay Through Date.

D.

The installment is selected and no discount is applied.

E.

The installment is not selected because the discount dates are before the Pay Through Date.

You have an invoice for $200 USD and a credit memo for $225 USD. In other words, the credit amount exceeds the invoice amount. If you enable the option to apply credits up to zero amount payment, then how will the invoice and credit memo be paid?

A. Both the invoice and the credit memoare selected and the Payment Process Request requires attention.

B. Both the invoice and the credit memo are paid and a refund of $25 USD is created.

C. Neither the invoice nor the credit memo are included in the payment process request because the creditreduces the payment amount below zero.

D. Both the invoice and credit memo are included in the payment process request for a payment amount of $0 USD. The credit memo is partially paid with a remaining credit of $25 USD.

The expense auditor has chosen to Request More Information for an expense report. Select two ways the system processes this action.

A. The expense report is routed back to the approvers.

B. The employee must reply to the notification before the reimbursement process can continue.

C. The employee must resubmit the expense report.

D. Theexpense report status remains Pending Payables Approval.

An installment meets all of the selection criteria of a Payment Process Request but it still did not get selected for payment processing. Identify two reasons for this.

A. The installment was manually removed.

B. The invoice has not been accounted.

C. The pay-through date is in a future period.

D. The pay-through date is in a closedPayables period.

E. The invoices need revalidation.

Which two statements are true when you are using the Intercompany Reconciliation Process?

A. Transaction Summary Report will show only transactions with status received.

B. The reconciliation period summary report will show the intercompany receivable and the intercompany payablelines generated by the intercompany balancing feature.

C. Ledger balancing lines are generated when the primary balancing segment value is in balance but either the second balancing segment or the third balancing segment is out of balance.

D. You must runthe Extract Intercompany Reconciliation Data job.

E. The reconciliation period summary report will not show the intercompany receivables and intercompany payables lines generated for the provider and receiver of each intercompany transaction.

In what order should the import process be run when importing suppliers?

A. any order

B. Supplier,Supplier Site, Supplier Site Contacts, Supplier Site Assignments

C. Supplier, Supplier Site Contacts, Supplier Site, Supplier Site Assignment

D. Supplier, Supplier Site Assignment, Supplier Site, Supplier Contacts

Your company wants to generate intercompany transactions in USD but only if the amount involved is $3,000 USD or more. Which two intercompany system options are valid?

A. Approval rules need to set the allow of the intercompany transactions to be routed to the receiver or provider.

B. Set the intercompany system option minimum transaction amount of $3,000 USD.

C. Intercompany invoices will be generated for the minimum accountable amount set at the payable invoice options and receivable system options.

D. You cannot update the minimum transaction currency when intercompany currency is entered.

E. Set the intercompany system option minimum transaction amount to $2,999.99 USD.

What happens if a company runs the Payables Unaccounted Transactions Sweep program for February 2016 if the invoices with a Hold status have an invoice date of January 20, 2016?

A. The accounting dates of all unaccounted invoices will change to February 28, 2016, the last day of the nextperiod.

B. The accounting dates of all unaccounted invoices will remain unchanged at January 20, 2016.

C. The accounting dates of all unaccounted invoices will be changed to February 1, 2016, the first day of the next period.

D. The accounting dates of all unaccounted invoices will be changed to February 20, 2016, the same day of the next period.