Oracle 1z0-961 Exam Dumps

Question 6 of 64

The payment build program has completed but with errors.

When submitting the payment process request, which processing option is used to review the error messages from the Manage Payment Process Request

Inquiry?

Set the validation failure handling for documents to "show errors".

Set the validation failure handling for payments to "show errors".

Enable debug for the payment format program.

Set the validation failure handling for payments to "stop process for review".

Correct Answer: A

To review error messages from the Manage Payment Process Request inquiry when the payment build program has completed but with errors, you need to set the validation failure handling for documents to 'show errors'. This setting ensures that any validation errors encountered during the document validation phase are displayed, allowing you to review and address them.

Question 7 of 64

You want to have an invoice line automatically distributed across multiple cost centers. For example, you want your monthly utility bill allocated across multiple cost centers based on a percentage.

Select two methods to achieve this.

Customize the Subledger Accounting rules to allocate costs.

Define a distribution set and assign it manually to the invoice.

Enter the invoice in Payables and then use general ledger’s Calculation Manager to allocate the costs.

Define a distribution set and assign it to the supplier.

Correct Answer: B, D

To allocate invoice lines automatically across multiple cost centers, defining a distribution set and assigning it either manually to the invoice or to the supplier can achieve this. Defining a distribution set and manually assigning it to the invoice ensures that the distribution happens each time the invoice is processed. Alternatively, assigning the distribution set to the supplier automates the process for all invoices from that supplier, ensuring consistent allocation across multiple invoices.

Question 8 of 64

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

Transaction Summary Report will show only transactions with status received.

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

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.

You must run the Extract Intercompany Reconciliation Data job.

The reconciliation period summary report will not show the intercompany receivables and intercompany payables lines generated for the provider and receiver

Correct Answer: B, D

The reconciliation period summary report will show the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature. Running the Extract Intercompany Reconciliation Data job is necessary for the reconciliation process. These two statements accurately reflect the process of intercompany reconciliation.

Question 9 of 64

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?

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

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

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

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

Correct Answer: C

When a company runs the Payables Unaccounted Transactions Sweep program, it changes the accounting dates of all unaccounted invoices to the first day of the next period. Therefore, the accounting dates of all unaccounted invoices will be changed to February 1, 2016, the first day of the next period.

Question 10 of 64

Your intercompany transaction type is active and enabled for invoicing. What are the two prerequisites to generate intercompany receivables and intercompany payable transactions after the Generate Intercompany Allocations process is run?

Run the process Transfer Intercompany transactions to Receivables and Transfer Intercompany transaction to Payables.

For the Legal Jurisdiction, Legal function "Generate intercompany invoice" should be assigned.

Supplier site primary pay flag and customer account bill to primary flag should be enabled.

Manual Approvals should be allowed for the transaction type.

Schedule create accounting for the intercompany process.

Run the processes Create Intercompany transactions to Receivables and Create Intercompany transactions to Payables.

Correct Answer: A, F

To generate intercompany receivables and intercompany payable transactions after the Generate Intercompany Allocations process is run, you must run two essential processes: Transfer Intercompany transactions to Receivables and Payables, and Create Intercompany transactions to Receivables and Payables. These processes ensure the proper creation and transfer of the transactions needed for intercompany accounting.