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Vendor : Oracle
Exam Code : 1Z0-961
Exam Name : Oracle Financials Cloud: Payables 2017 Implementation Essentials
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1Z0-961 Questions and Answers

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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;

What will be the resulting status of the installment and discount?

  1. The installment is not selected because thefirst discount date is before the Pay Through Date.

  2. The installment is selected and a discount of $150 USD is applied because the Always Take Discount option was enabled.

  3. The installment is selected but no discount is applied because the payment dateis after the discount dates.

  4. The installment is selected and a discount of $50 USD (the second discount) is applied.

  5. The installment is selected and a discount of $200 USD ($150 + $50) is applied.

Answer: B


Which statement is correct if the payment terms entered in the invoice differ from the payment terms on the purchase order?

  1. The purchase order payment term cannot be overridden.

  2. The user needs to manually change the payment term on the invoice to match the purchase order payment term.

  3. The user needs to specify which payment term to use.

  4. The payment termof the invoice overrides the purchase order payment term.

  5. The payment term of the purchase order overrides the invoice payment term.

Answer: B


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

  1. Bank account must match thesupplier’s bank account.

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

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

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

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

Answer: D


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?

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

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

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

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

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

Answer: B, C


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?

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

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

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

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

Answer: A


You want your expense auditors to audit only expenses reports for specific business units. How do you do this?

  1. Create a custom duty role and assign the data roles to each auditor.

  2. Assign the auditors specific data roles for the corresponding business units.

  3. Create your own audit extension rules that correspond to the business unit.

  4. Make auditors the managers of the corresponding business unit to route expense reports properly.

Answer: B



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Black booklet Market research As company executives face compounding cost-primarily based chance decisions, recent activity in ERP has climbed sharply based on a contemporary Black ebook survey of 1,158 health device procurement and know-how leaders within the fourth quarter of 2016. more than a third (35 %) of these agencies with applied ERP programs stated having to defer protection and/or delayed enhancements over the last three years leaving many medical institution ERPs nearly obsolete. "crucial returned-end utility that manages finance, deliver chain and inventory management, buying, payroll and coding had been dismissed right into a perplexed entanglement of distinct products that don't communicate and left executives with the inability to recognise charge rate reductions in preparation of value based mostly care," stated Doug Brown, Managing associate of Black ebook. "there has been user opposition to deploying a new or upgraded ERP, perceived as carrying a excessive fee tag in a time when medical deployments overwhelmed health facility group of workers and budgets." 57 % of the C-suite executives surveyed admitted no longer having a deep realizing of the impact or complexity of their give chain until the reality of cost-primarily based care set in this year with the emphasis on accountability to accurately measure and examine clinical expenses with effects. "In a fee atmosphere that reimburses for price, it has develop into extra critical to remember precisely how a great deal it prices to deliver patient care," said Brown. "Clumsy costing in keeping with uncoordinated data will develop into perilous for hospitals in danger." elements accounted for 30.5 p.c of the normal sanatorium's annual working budget in 2016 as stated by means of survey respondents. finding new methods of figuring out true fees per case and per episode of care have providers returning to ERP device basics to move confidently to a valued based mostly mannequin. 69 % of IT leaders polled claim they are going to prioritize their give chains in 2017 as among the many most effective asset for actionable information mining earlier than overburdening their groups with population health and sophisticated analytics tools. ERP vendor market share changed into confined to only a handful of companies just before 2013, however the dramatic demand for cloud ERP and the volume of hospitals now not the use of an ERP equipment has produced a spurt of recent ERP carriers as older techniques retool products or edge closer to obsolescence. "as the industry emphases the identification and trap of all charges to assess the precise can charge of care, the implementation of more recent ERP technologies and advanced costing methods has modified administrator's strategic know-how plans," observed Brown. "patients can not receive excessive satisfactory care devoid of proper concord of deliver chain, human supplies, finance and operational techniques with clinical facts as it all comes right down to consequences." Cloud ERP solutions produced the optimum client adventure rankings for healthcare companies including velocity in implementations and scalable complete expenses according to Black ebook effects. "ninety two percent of survey respondents respect that the ERP of healthcare future is cell and it be in the cloud with at ease networking and analytics inbuilt," referred to Brown. "The conception is that you've time-honored ledger, bills payable, budgeting, forecasting and money management all obtainable anyplace, even if in the operating room, deciding to buy, or in administration." The right Healthcare ERP rated providers for 2017 are in order of client event and product pride scoring are: Oracle/Oracle ERP Cloud Cerner/Siemens ERP Workday Microsoft Dynamics McKesson SAP IBM Watson Infor/Infor Cloud Suite also receiving customer ballots have been MEDITECH, CPSI, Sage, Intacct, Harris Healthcare/Affinity, and MEDHOST. Cerner and Oracle also received the optimum customer loyalty and retention rankings from at present put in valued clientele. different key findings: 86 % of substances management leaders outsourced provide chain capabilities to scientific and surgical provide distributors. 93 p.c additionally state they don't undergo from any massive give chain issues such as product start concerns. 93 percent of materials managers state their agencies suffer from bad inventory manage expertise and methods that usually become with overstocking, excessive give and labor fees and annoyed nursing workforce. based on the 2016 Black booklet know-how satisfaction survey of nurses, medical workforce spends a standard of 34 percent of their time on provide linked tasks reminiscent of finding products. seventy two % of latest ERP users state that their ERP modules in region are too difficult to use. 15 percent consider their existing ERP product may be out of date by 2019. eighty four p.c of respondents record they presently cannot section patients in accordance with spending, complexity or resources to properly rate for 2017 cost-primarily based initiatives. 88 percent of CFOs responding with 2017 ERP replacements or purchase goals see cloud solutions as the favored product for their firm. About Black booklet Black book™, its founders, administration and body of workers don't personal or dangle any financial hobby in any of the ERP providers covered and encompassed in the surveys it conducts. Black book stories the results of the accrued satisfaction and customer adventure rankings in e-book and to media ahead of vendor notification of ranking outcomes and doesn't solicit supplier participation costs, review fees, inclusion or briefing expenses, consultation requirements, and/or vendor collaboration as Black book polls companies' shoppers. because 2000, Black e-book™ has polled the dealer delight throughout over thirty industries within the software/expertise and managed capabilities sectors around the globe together with ERP. In 2009, Black book begun polling the client experience of now over 540,000 healthcare application and functions users. Black e-book increased its survey prowess and recognition of unbiased, unbiased crowd-sourced surveying to IT and health data experts, general practitioner practice directors, nurses, financial leaders, executives and medical institution assistance expertise managers. For methodology, auditing, substances, comprehensive research and ERP supplier ranking statistics see: http://www.blackbookmarketresearch.com This content material changed into issued through the press release distribution carrier at Newswire.com. for more information visit: http://www.newswire.com/. supply Black booklet research LLC Unquestionably it is hard assignment to pick dependable certification questions/answers assets regarding review, reputation and validity since individuals get sham because of picking incorrectly benefit. Killexams.com ensure to serve its customers best to its assets concerning exam dumps update and validity. 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