Oracle Financials Cloud: Payables 2017 Implementation Essentials - 1z1-961 Exam Practice Test

A. twelve business units per supplier

B. one business unit per supplier

C. three procurement business units

D. five sold-to business units

E. four requisition business units

A. Users can pick any bank account as long as the bank account is tied to the business unit.

B. LE on the bank account should be equal to LE on the invoice.

C. Bank account must match the supplier's bank account.

D. LE on the bank account should be different from the LE on the invoice.

E. There is not relationship between the business unit, bank, and LE. Users can pick any bank account that is setup in their system.

A. Oracle Transactional Business Intelligence (OTBI)

B. by creating accounting in draft mode

C. by using Tax Simulator to test

D. by creating a payable invoice, and by validating and reviewing the tax application

E. by changing the tax status to test and then entering a payables invoice

A. unaccounted invoices and payments

B. open intercompany transactions

C. unapplied prepayments

D. suppliers on payment holds

E. bills payable requiring maturity

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

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

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

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

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

A. Payables Dashboard and Invoices Workarea

B. Payables Dashboard only

C. Invoices Workarea only

D. C-Level executives

E. Manage Invoices page

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

B. The installment was manually removed.

C. The pay-through date is in a closed Payables period.

D. The invoice has not been accounted.

E. The invoices need re-validation.

A. Create a payment process request in Payments.

B. Create Accounting for the invoice in Payables.

C. Transfer the data to General Ledger.

D. Validate the invoice in Payables.

A. Imported

B. Validated

C. Never Validated

D. Needs Revalidation

E. Not Required