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Home Oracle 1z0-961

Oracle 1z0-961 Exam Practice Questions (P. 3)

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Question #11
If you accidentally paid an invoice using Create Payment flow, can you undo the operation?
  1. A
    Cancel the invoice and create a new one.
  2. B
    yes, by creating a credit memo to offset the payment
  3. C
    yes, by canceling the payment process from the process monitor
  4. D
    no
  5. E
    yes, by voiding the payment created

Correct Answer:
E

Question #12
After you submitted a Payment Process Request, you noticed errors. You want to void the payments.
Identify two statements that indicate when it is not possible to void a payment.
  1. A
    A payment with the status of Issued.
  2. B
    A payment that has already cleared the bank.
  3. C
    A payment for an invoice with an associated Withholding Tax invoice.
  4. D
    A payment that has been accounted and posted to General Ledger.
  5. E
    A payment that pays a prepayment that has been applied to an invoice.

Correct Answer:
BE

Question #13
Which component is not included in the security architecture for credit card data and bank account data encryption?
  1. A
    Payments master encryption key
  2. B
    Oracle Wallet
  3. C
    Payments subkeys
  4. D
    Sensitive data encryption and storage
  5. E
    Supplier master encryption key

Correct Answer:
E

Question #14
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?
  1. A
    The installment is selected and a discount of $150 USD is applied.
  2. B
    The installment is selected and a discount of $50 USD is applied.
  3. C
    The installment is not selected because the due date is after the Pay Through Date.
  4. D
    The installment is selected and no discount is applied.
  5. E
    The installment is not selected because the discount dates are before the Pay Through Date.

Correct Answer:
D

Question #15
While entering an expense report for your corporate card transactions, you notice that the conversion rate defined in the Manage Conversion Rates and Policies page is not used.
What is the reason?
  1. A
    You did not define conversion rates in the General Ledger Cloud.
  2. B
    Only cash transactions use those settings.
  3. C
    You did not define conversion rates for your business unit.
  4. D
    You did not specify a default expense template.

Correct Answer:
B

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