1Z0-961 Online Practice Questions and Answers

What is the result of voiding a payment?

A. The payment is reconciled to the bank statement.

B. The payment is no longer valid for payment.

C. A stop payment request has been initiated to thebank.

D. A bills payable payment was created but is not yet matured.

Your customer has implemented English as base language and French as a local language. The customer's bank needs the payment file to be sent to them in French. What is the relevant step to do this for preparing the payment template?

A. Create your template in English language. then upload it to Business Intelligence (BI) under thecustom/ payment folder, under the templates region. Use English locale and generate the XLIFF file. Then upload the file back under the translated region.

B. Create your template in the local language. then upload it to Business Intelligence (BI) under thecustom/payment folder, under the templates region. Use English locale and generate the XLIFF file. Then upload the file back under the translated region.

C. Create your template in English language. then upload it to Business Intelligence (BI) under the custom/payment folder under the templates region with country locale.

D. Create your template in local language. then upload it to Business Intelligence (BI) under the custom/ payment folder under the templates region with country locale.

You have invoices with distributions across primary balancing segments that represent different companies.

What feature should you use if you want the system to automatically balance your invoice's liability amount across the same balancing segments on the invoice distributions?

A. Suspense Accounts

B. Subledger Accounting's Account Rules

C. Intercompany Balancing

D. Payables' Automatic OffsetE, Payables' Allow Reconciliation Accounting

You want to customize the Payables Invoice Register template to only display invoices when the Supplier name is Company A. Supplier name is a group that repeats on every page.

Which is the correct way to customize the template?

A. Insert the syntaxbefore the Supplier field and thenenter the closing tagafter the invoices table.

B. Insert the syntaxbefore the Supplier field on the template. Then, enter thetag after the invoices table.

C. Hard code Supplier Name "CompanyA" in the report template and only invoices for that supplier will be displayed.

D. Insert the syntaxbefore the Supplier field and then enter the closing tag.

How will system evaluate the tolerances for expense reports?

A. System will use absolute amount tolerance setup to do validations.

B. System will calculate error tolerance as (|Policy Rate * (1+Error Tolerance/100|) currency precision.

C. System will calculate error tolerance as Policy Rate * (1 + Warning Tolerance + Error Tolerance/100).

D. System will calculate warning tolerance as Policy Rate * (1 + Warning Tolerance/100)* currency precision.

E. System will calculate warning tolerance as Policy Rate * (1+ Warning Tolerance/100).

Identify three scenarios where you are not allowed to cancel an invoice.

A. An accounting entry has been created for the invoice.

B. Prepayments were applied to the invoice.

C. The invoice was adjusted by a credit or a debit memo.

D. The invoice is validated.

E. The invoice is fully or partially paid.

You have two business units, Vision Operations and Vision Services. How can you enable expense auditors to audit expense reports for specific business units?

A. Assign the Expense Auditor job roles to each auditor.

B. Assign the Expense Auditor as the owner of each business unit.

C. Assign the Expense Auditor Vision Operations and Expense AuditorVision Services data roles to each Expense Auditor.

D. Use segment value security rules to secure access to business units.

You have a high volume of invoices to enter that have similar lines and do not require extensive validation. What must you do if you want to group multiple invoices in a batch during spreadsheet entry?

A. Make sure all the invoice dates are the same.

B. Assign the same Invoice Header Identifier to multiple invoices you want to group.

C. Enable the invoice option Require Invoice Grouping, andthe system automatically groups invoices entered in the same spreadsheet.

D. Enter a value in the Invoice Group field to group similar invoices into a batch.

E. Make sure the Invoice Number is the same.

You have created an approval rule as follows:

Rule 1: If the invoice amount > $1000, route it to User 1.

Rule 2: If the invoice amount < $1000, auto approve it.

Now, the user creates an invoice for $1000 and routes it for approval. What will happen?

A. The system will issue an error message after the approval has been initiated.

B. Invoice will not be processed.

C. Invoice will be sent to User 1 for approval.

D. Invoice will be auto-approved.

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.