Free Oracle 1z1-961 Exam Dumps Questions & Answers

Select three reasons why you cannot close your Payables period. (Choose three.)

• A.  suppliers on payment holds
• B.  open intercompany transactions
• C.  bills payable requiring maturity
• D.  unapplied prepayments
• E.  unaccounted invoices and payments

Which statement is true about selecting a bank account on the Create Payment page?

• A.  There is not relationship between the business unit, bank, and LE. Users can pick any bank account that is setup in their system.
• B.  LE on the bank account should be different from the LE on the invoice.
• C.  LE on the bank account should be equal to LE on the invoice.
• D.  Bank account must match the supplier's bank account.
• E.  Users can pick any bank account as long as the bank account is tied to the business unit.

An installment for $1,000 USD is due for payment on January 10, 2016. The installment has two discounts:
the first discount date is December 5, 2015 for $150 USD and the second discount date is December 20, 2015 for $50 USD. The Pay Date Basis on the supplier site is Discount.
You submit a Payment Process Request with the following criteria:
- Payment Date = December 5, 2015
- Pay Through Date = December 25, 2015
- Date Basis = Pay Date
- Always Take Discount option is enabled
What will be the resulting status of the installment and discount?

• A.  The installment is not selected because the first discount date is before the Pay Through Date.
• B.  The installment is selected and a discount of $50 USD (the second discount) is applied.
• C.  The installment is selected but no discount is applied because the payment date is after the discount dates.
• D.  The installment is selected and a discount of $150 USD is applied because the Always Take Discount option was enabled.
• E.  The installment is selected and a discount of $200 USD ($150 + $50) is applied.

What is the difference between subject areas that append the word "Real Time" and those that do not?

• A.  The "Real Time" subject areas are based on real-time transactions and those that are not, are based on historical data.
• B.  The "Real Time" subject areas are based on subledger transactions and the ones that are not are based on general ledger balances.
• C.  The "Real Time" subject areas are based on real-time transactions in the applications, and those that are not, are based on data stored in the Oracle Business Intelligence Applications data warehouse.
• D.  There is no difference.

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? (Choose two.)

• A.  Intercompany invoices will be generated for the minimum accountable amount set at the payable invoice options and receivable system options.
• B.  Set the intercompany system option minimum transaction amount of $3,000 USD.
• C.  You cannot update the minimum transaction currency when intercompany currency is entered.
• D.  Set the intercompany system option minimum transaction amount to $2,999.99 USD.
• E.  Approval rules need to set the allow of the intercompany transactions to be routed to the receiver or provider.