Preparing for your first attempt? Make it a prepared one: LatestCram equips you with 86 practice questions for the 1z1-961 exam and a free demo of the Oracle Financials Cloud: Payables 2017 Implementation Essentials material.
Oracle 1z1-961 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: Payables 2017 Implementation Essentials |
| Exam Number: | 1Z0-961 |
| Exam Duration: | 120 minutes |
| Related Certifications: | Oracle Financials Cloud: Payables 2020 Implementation Essentials Oracle Financials Cloud: Payables 2019 Implementation Essentials (1Z0-1055) |
| Passing Score: | 800 (on a 1000 scale) |
| Exam Price: | USD 245 (typical Oracle exam fee) |
| Real Exam Qty: | 80-90 (approx) |
| Exam Format: | Multiple choice, Multiple answer |
| Available Languages: | English |
| Sample Questions: |  |
| Exam Way: | Online proctored or onsite at Pearson VUE test center |
| Pre Condition: | Recommended functional experience with Oracle Financials Cloud and accounts payable processes. |
| Official Syllabus URL: | https://education.oracle.com/exam_test?p_exam_id=1Z0-961 |
Oracle 1z1-961 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Payments | - Void payments and payment security - Create payments and execute payment process requests - Bank reconciliations - Customize payment formats |
| Expenses | - Manage corporate cards and audit expense reports - Process expense reimbursements - Explain expense reporting and approvals |
| Invoicing | - Explain the integrated imaging solution - Create and approve invoices - Manage supplier information |
| Reporting | - Business Intelligence Publisher (BIP) reports - Design and use various reporting tools - Oracle Transactional Business Intelligence (OTBI) |
Oracle 1z1-961 Exam: What Candidates Ask
The Oracle Financials Cloud: Payables 2017 Implementation Essentials is Oracle's certification exam for Oracle Financials Cloud, at the Implementation Specialist level. It validates skills employers hire for, which is why it can affect your career and future. Related credentials include Oracle Financials Cloud: Payables 2019 Implementation Essentials (1Z0-1055), Oracle Financials Cloud: Payables 2020 Implementation Essentials.
Files arrive by automatic email within a minute of payment — unlimited installations, and 24/7 customer assisting for any login or downloading issues if nothing shows up within 2 hours. If you fail the corresponding 1z1-961 exam within 60 days of purchase, you have options: a full refund (send a scanned enrollment slip plus the official Score Report PDF within 2 days of the exam; processed within 7 days), waiting for the next updated version free, or changing to two other equal-value dumps free. Excluded: exams within 3 days of purchase, candidate names that don't match the payer, and free or expired products.
Recommended functional experience with Oracle Financials Cloud and accounts payable processes. Vendors revise eligibility rules from time to time, so verify the current requirements on the official page (official 1z1-961 exam page) before booking.
The Oracle Financials Cloud: Payables 2017 Implementation Essentials blueprint covers 4 domains — including Reporting, Payments, Invoicing. The weightings tell you where to spend your hours; the complete outline above lists every subtopic.
USD 245 (typical Oracle exam fee) per attempt, 800 (on a 1000 scale) to pass. A retake bills the full fee again, so prepare smartly: work through the 86 practice questions for the 1z1-961 exam at LatestCram before you book.
120 minutes for 80-90 (approx) questions. Efficient preparation includes pacing: rehearse timed sets until the clock feels manageable, not menacing.
Yes — download the free Oracle Financials Cloud: Payables 2017 Implementation Essentials demo and judge the quality before paying. Purchases include 365 days of free updates, with each latest version emailed to you immediately; renew afterward at 50% off.
Oracle Financials Cloud: Payables 2017 Implementation Essentials Sample Questions:
How will system evaluate the tolerances for expense reports?
- A. System will calculate warning tolerance as Policy Rate * (1 + Warning Tolerance/100)* currency precision.
- B. System will use absolute amount tolerance setup to do validations.
- C. System will calculate warning tolerance as Policy Rate * (1+ Warning Tolerance/100).
- D. System will calculate error tolerance as Policy Rate * (1 + Warning Tolerance + Error Tolerance/100).
- E. System will calculate error tolerance as (|Policy Rate * (1+Error Tolerance/100|) currency precision.
Correct Answer: D 🗳️
During your business trip to the UK, you took a taxi ride and paid for it by using your personal Visa credit card. While entering your expenses, you get a warning that a different conversion rate was applied to the taxi expense by Visa than the one used by your company.
How do you handle this situation?
- A. Overwrite the conversion rate with the one Visa provided and enter a justification that Visa used a different conversion rate.
- B. Do not enter the taxi expense and call your Finance Department so that they can make changes in the conversation rate settings and you do not violate the allowable limit.
- C. Use the corporate-defines conversion rate even if it means you will not be reimbursed fully.
- D. Call Visa to address the issue and tell them to make adjustments to their conversion rate. Then, wait to get a revised statement.
Correct Answer: B 🗳️
An installment meets all of the selection criteria of a Payment Process Request but it still did not get selected for payment processing. Identify two reasons for this.
- A. The invoice has not been accounted.
- B. The installment was manually removed.
- C. The pay-through date is in a future period.
- D. The invoices need re-validation.
- E. The pay-through date is in a closed Payables period.
Correct Answer: B,D 🗳️
Explanation: Only visible for LatestCram members. You can sign-up / login (it's free).
Which attributes on the payables invoice can be used during approval rule creation?
- A. cost center segment and supplier only
- B. company segment, cost center segment, supplier, and Attribute 1 on the invoice line
- C. supplier only
- D. company and cost center segment only
Correct Answer: C 🗳️
Select three reasons why you cannot close your Payables period. (Choose three.)
- A. suppliers on payment holds
- B. unaccounted invoices and payments
- C. unapplied prepayments
- D. open intercompany transactions
- E. bills payable requiring maturity
Correct Answer: A,B,E 🗳️
Joanna 
Byron 
Ken 
Violet 
Grover 
Michell 
Clara 
Fay 
Norman 
Taylor 
Debby 
Ron 
Hubery 
