PDF Version DemoThree versions, one decision: the Oracle Financials Cloud: Payables 2017 Implementation Essentials package from ActualPDF comes as a budget-friendly printable PDF, a Windows software engine that flags your mistakes for re-practice, and an online version for any operating system. All carry the same 86 1z1-961 questions.
Oracle 1z1-961 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: Payables 2017 Implementation Essentials |
| Exam Number: | 1Z0-961 |
| Passing Score: | 61% - 64% |
| Certificate Validity Period: | 18 months |
| Exam Price: | USD 245 |
| Available Languages: | Japanese, English |
| Related Certifications: | Oracle Fusion Cloud Financials Implementation Specialist Oracle Financials Cloud |
| Real Exam Qty: | 70 - 73 |
| Exam Duration: | 120 minutes |
| Exam Format: | Multiple Choice, Multiple Answer |
| Recommended Training: | Oracle Financials Cloud: Payables 2017 Implementation Training |
| Exam Registration: | Oracle Education Pearson VUE Registration |
| Sample Questions: |  |
| Exam Way: | Online proctored or on-site at Pearson VUE authorized test centers |
| Pre Condition: | Recommended: 6+ months of hands-on experience with Oracle Financials Cloud Payables, functional knowledge of accounts payable processes |
| Official Syllabus URL: | https://education.oracle.com/exam_test?p_exam_id=1Z0-961 |
Oracle 1z1-961 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Functional Setup Manager & System Configuration | 20% | - Configure Business Units - Configure Payables common setups - Describe Functional Setup Manager |
| Invoicing & Supplier Management | 25% | - Manage supplier information - Explain Integrated Imaging Solution - Create and process invoices - Approve invoices |
| Reporting & Reconciliation | 12% | - Use Oracle Transactional Business Intelligence (OTBI) - Run Payables to Ledger Reconciliation Report - Use Business Intelligence Publisher (BIP) reports |
| Expenses Management | 15% | - Audit expense reports - Set up expense reporting - Manage corporate cards - Process and approve expense reports |
| Tax, Accounting & Period Close | 8% | - Demonstrate Payables accounting concepts - Explain period close process - Execute 1099 reporting - Process income tax and withholding tax |
| Payments & Bank Reconciliation | 20% | - Execute Payment Process Request - Set up payments for disbursement - Void payments and payment security - Explain bank reconciliations - Customize payment formats |
Questions and Answers About Oracle Financials Cloud: Payables 2017 Implementation Essentials
Oracle Financials Cloud: Payables 2017 Implementation Essentials is an official Oracle exam, listed under exam code 1z1-961. A passing result earns you the Oracle Financials Cloud: Payables 2017 Certified Implementation Specialist certification at the Specialist level. It also ties into Oracle Financials Cloud, Oracle Fusion Cloud Financials Implementation Specialist, extending its value across your certification roadmap. Employers read this credential as verified competence, which is why it keeps appearing in job requirements.
Expect 70 - 73 questions inside 120 minutes on the Oracle Financials Cloud: Payables 2017 Implementation Essentials exam. That pace punishes hesitation, so rehearse it: the ActualPDF software engine simulates the real exam scene, reminds you of the questions you got wrong, and pushes you to re-practice them until the clock stops being your enemy.
Passing Oracle Financials Cloud: Payables 2017 Implementation Essentials requires 61% - 64%, and the official registration fee is USD 245. Retakes charge the full USD 245 again, which is why experienced candidates treat preparation as the cheaper exam fee. Verify your readiness with repeated ActualPDF practice scores above the requirement before you commit to a date.
Recommended: 6+ months of hands-on experience with Oracle Financials Cloud Payables, functional knowledge of accounts payable processes
Requirements evolve, so confirm the current conditions before registering on the official exam page.
Registration for Oracle Financials Cloud: Payables 2017 Implementation Essentials goes through the official channels listed here.
When you schedule, note that the exam is delivered Online proctored or on-site at Pearson VUE authorized test centers.
Oracle recommends the following training for Oracle Financials Cloud: Payables 2017 Implementation Essentials candidates.
Follow any course with the 86 practice questions in the ActualPDF 1z1-961 package; the software engine will even remind you which mistakes need another round.
Yes. ActualPDF provides a free download demo of the Oracle Financials Cloud: Payables 2017 Implementation Essentials material, so you can check the content before choosing a version. After purchase, a one-year warranty covers you: the latest version is sent to you as it releases, free for 365 days, and after expiry you can extend the update service at a 50% discount.
Your purchase is covered by a 100% money-back guarantee with clear conditions. Take the Oracle Financials Cloud: Payables 2017 Implementation Essentials exam within 60 days of purchase; if you fail, provide your unqualified result by submitting a scanned enrollment slip and the official Score Report PDF within 2 days of the exam, and the full refund is processed within 7 days. The exam must match your product, candidate and payer names must match, and attempts within 3 days of purchase, unused downloads, free materials, and expired orders are not covered. Alternatively, exchange for two other exam products of equal value, free, or wait for updates while keeping your original product's update service.
Delivery is instant: files unlock for download at payment and are emailed within one minute. If nothing arrives within 2 hours, check spam and contact customer service, which works 7/24 and normally replies within two hours. Installation is unlimited across your computers.
The Oracle Financials Cloud: Payables 2017 Implementation Essentials syllabus spans 6 domains, led by Invoicing & Supplier Management (25%), Payments & Bank Reconciliation (20%), and Reporting & Reconciliation (12%). The complete topic list is published above; candidates who study the map first rarely get lost later.
Oracle Financials Cloud: Payables 2017 Implementation Essentials Sample Questions:
What is the invoice type of an unapproved, unmatched invoice that was created in Fusion Supplier Portal?
- A. Supplier payment request
- B. iSupplier Invoice
- C. Credit Memo
- D. Standard Invoice
- E. Standard invoice request
Correct Answer: E 🗳️
Explanation: Only visible for ActualPDF members. You can sign-up / login (it's free).
You are using both Procurement and Financials. You want the system to automatically accrue uninvoiced receipts. Select two true statements. (Choose two.)
- A. For period end accruals, the invoice accounting for inventory items debits receipt inventory and credits the uninvoiced receipts.
- B. For period end accruals, accounting is created at material receipt or at delivery to a final destination.
- C. For period end accruals, the invoice accounting debits the expense account and credits the liability account.
- D. For perpetual accruals, the invoice accounting debits the accrual account and credits the liability account.
Correct Answer: C,D 🗳️
Explanation: Only visible for ActualPDF members. You can sign-up / login (it's free).
Identify two ways the invoice imaging solution works in the Cloud. (Choose two.)
- A. Customers cannot use invoice imaging in the Cloud.
- B. Customers ask their suppliers to scan and email the invoice.
- C. Customers scan and store the invoice images on-premise and attach them during invoice entry.
- D. Customers ask suppliers to send electronic invoices.
- E. Customers scan the invoice on-premise and email the images.
Correct Answer: B,E 🗳️
Which statement is true about selecting a bank account on the Create Payment page?
- A. LE on the bank account should be different from the LE on the invoice.
- B. Users can pick any bank account as long as the bank account is tied to the business unit.
- C. Bank account must match the supplier's bank account.
- D. There is not relationship between the business unit, bank, and LE. Users can pick any bank account that is setup in their system.
- E. LE on the bank account should be equal to LE on the invoice.
Correct Answer: E 🗳️
You have an invoice for a three-month lease and wish to recognize the expense monthly for the duration of the lease.
What must be entered on the invoice in order to do this?
- A. You must provide a start date and the accrual account for the prepaid expenses in the invoice lines or distributions.
- B. You must provide a start date, an end date, and the accrual account for the prepaid expenses in the invoice lines or distributions.
- C. You must provide a start date and an end date for the prepaid expenses in the invoice lines or distributions.
- D. You must provide the accrual account for the prepaid expenses in the invoice lines or distributions.
Correct Answer: D 🗳️
