Exam Number: 1Z0-961
Exam Title: Oracle Financials Cloud: Payables 2017 Implementation Essentials
Associated Certification Paths : Oracle Financials Cloud: Payables 2017 Certified Implementation Specialist
Duration: 120
Number of Questions: 73
Passing Score: 61%
Validated Against:  This exam has been validated against R13. (Previous version of this exam was validated against R12 in 2017)
Format: Multiple Choice

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Complete the training below to prepare for your exam (optional):

Oracle Financials Cloud Learning Subscription (Individuals & Companies | Partners)

Additional Preparation and Information
A combination of Oracle training and hands-on experience (attained via labs and/or field experience) provides the best preparation for passing the exam.

Our certification exams are revised regularly to align with training and product release updates. Information about exam revisions and new topics are found on this page under ‘Validated Statement’ and within the exam topics below. Certifications reflect validated skills for year and product release version date of achievement. If you are preparing for this exam, we recommend you check these topics periodically to ensure your exam prep covers any new topics that may be added based on regular exam revision.

Invoicing
Explain the Integrated Imaging Solution
Create invoices
Approve Invoices
Manage supplier information

Payments
Create a payment
Execute a Payment Process Request
Void a payment
Explain Bank Reconciliations
Customize Payment Formats
Set up payments for disbursement
Explain payment security
Explain payment approvals

Expenses
Explain expense reporting
Approve expense reports
Process expense reimbursements
Manage Corporate Cards
Audit Expense Reports
Set up Expenses

Reporting
Explain how to design and use various reporting tools
Explain Oracle Transactional Business Intelligence (OTBI)
Use Business Intelligence Publisher (BIP) Reports
Use the Payables to Ledger Reconciliation Report
Process intercompany reconciliations

Other Payables Topics
Process Income Tax and Withholding tax calculations
Explain the Close process
Configure Payables Setups
Configure Business Units
Demonstrate payables accounting concepts
Execute 1099 Reporting
Describe the Functional Setup Manager

QUESTION 1
What validation step is required for implementing dispute processing?

A. The Recognize Revenue Program is scheduled.
B. BPM Work List for approval configuration is validated.
C. Periods for which the transaction can be disputed are Open.
D. All transactions are of the invoice type.

Answer: B

QUESTION 2
Your client performs many customer refunds and would like to search for real-time Receivables Refunds Status easily.
What should you do to meet this requirement?

A. Create a Business Intelligence Publisher Report because you cannot create an OTBI Report for refunds.
B. Create an Oracle Business Intelligence Applications (OBIA) Report.
C. Query each customer refund and verify the Refund Status.
D. Create a Real Time Report by using Oracle Transactional Business Intelligence (OTBI).

Answer: D

QUESTION 3
To determine the best approach to converting a client’s data, you must know which setup is set-enabled and can be shared.
Identify three set-enabled setups in Receivables. (Choose three.)

A. Collectors
B. Standard Memo Lines
C. Revenue Types
D. Receivable Specialists
E. Revenue Contingencies

Answer: B,C,E

QUESTION 4
Which two are rules applicable to issue of refunds? (Choose two.)

A. You cannot refund more than either the original receipt amount or the remaining unapplied amount.
B. You can refund receipts that were either remitted or cleared.
C. You can issue a credit card refund to a customer who has made a cash payment.
D. You can refund receipts that are factored.

Answer: A,B

QUESTION 5
You are the Billing Manager and you are responsible for reviewing adjustments and approving them.
Which two tabs are available in the Adjustments Overview Region on the Billing Work Area page? (Choose two.)

A. Pending My Research
B. Pending Approval From Managers
C. Pending Approval
D. Pending My Approval
E. Approved

Answer: A,D

 

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Exam Number: 1Z0-962
Exam Title: Oracle Financials Cloud: Receivables 2017 Implementation Essentials
Associated Certification Paths Oracle Financials Cloud: Receivables 2017 Certified Implementation Specialist
Duration: 120
Number of Questions: 80
Passing Score: 60%
Validated Against: This exam has been validated against R13. (Previous version of this exam was validated against R12 in 2017)
Format: Multiple Choice

Complete Recommended Training
Complete the training below to prepare for your exam (optional):

Oracle Financials Cloud Learning Subscription (Individuals & Companies | Partners)

Additional Preparation and Information
A combination of Oracle training and hands-on experience (attained via labs and/or field experience) provides the best preparation for passing the exam.

Our certification exams are revised regularly to align with training and product release updates. Information about exam revisions and new topics are found on this page under ‘Validated Statement’ and within the exam topics below. Certifications reflect validated skills for year and product release version date of achievement. If you are preparing for this exam, we recommend you check these topics periodically to ensure your exam prep covers any new topics that may be added based on regular exam revision.

Reporting
Explain how to design and use various reporting tools
Explain Oracle Transactional Business Intelligence (OTBI)
Use Business Intelligence Publisher (BIP) Reports
Use the Receivables to Ledger Reconciliation Report
Process intercompany reconciliations

Receivables
Explain the process for managing customers with Accounts Receivable
Manage Reference Data Sets
Utilize importing customer data
Create write offs, adjustments, late charges and chargebacks
Explain auto invoice accounting
Configure Subledger Accounting

Billing
Process billing transactions
Describe invoice print and presentment
Manage revenue
Analyze receivables information using the Billing Work Area
Calculate Transactional Tax
Create and process bills Receivable

Collections
Deploy a Delinquency process
Explain the process for customer correspondence
Manage dispute handling
Explain the key functionality of the Collection Work Area
Explain Collection Preferences
Configure and Process a Collections Strategy

Receipt Management
Deploy receipt processing
Manage customer refunds
Explain the key uses for the Receivables Balances Work Area
Process Bills Receivable Remittances

Revenue Management Cloud Service
Explain revenue contracts
Utilize performance obligations
Explain observed and estimated standalone selling prices
Utilize importing revenue data
Utilize accounting for revenue

NEW: Bill Management
Explain the self-service application for customers

QUESTION 1
What validation step is required for implementing dispute processing?

A. The Recognize Revenue Program is scheduled.
B. BPM Work List for approval configuration is validated.
C. Periods for which the transaction can be disputed are Open.
D. All transactions are of the invoice type.

Answer: B

Explanation: References:

QUESTION 2
Your client performs many customer refunds and would like to search for real-time Receivables Refunds Status easily.
What should you do to meet this requirement?

A. Create a Business Intelligence Publisher Report because you cannot create an OTBI Report for refunds.
B. Create an Oracle Business Intelligence Applications (OBIA) Report.
C. Query each customer refund and verify the Refund Status.
D. Create a Real Time Report by using Oracle Transactional Business Intelligence (OTBI).

Answer: D

QUESTION 3
To determine the best approach to converting a client’s data, you must know which setup is set-enabled and can be shared.
Identify three set-enabled setups in Receivables. (Choose three.)

A. Collectors
B. Standard Memo Lines
C. Revenue Types
D. Receivable Specialists
E. Revenue Contingencies

Answer: B,C,E

QUESTION 4
Which two are rules applicable to issue of refunds? (Choose two.)

A. You cannot refund more than either the original receipt amount or the remaining unapplied amount.
B. You can refund receipts that were either remitted or cleared.
C. You can issue a credit card refund to a customer who has made a cash payment.
D. You can refund receipts that are factored.

Answer: A,B

Explanation: References:

QUESTION 5
You are the Billing Manager and you are responsible for reviewing adjustments and approving them.
Which two tabs are available in the Adjustments Overview Region on the Billing Work Area page? (Choose two.)

A. Pending My Research
B. Pending Approval From Managers
C. Pending Approval
D. Pending My Approval
E. Approved

Answer: A,D

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Exam Number: 1Z0-975
Exam Title: Oracle Accounting Hub Cloud 2017 Implementation Essentials
Associated Certification Paths : Oracle Accounting Hub Cloud 2017 Certified Implementation Specialist
Duration: 105
Number of Questions:  60
Passing Score: 64%
Validated Against: Exam has been validated against R13.
Format: Multiple Choice

Complete Recommended Training
Complete the training below to prepare for your exam (optional):

Oracle Financials Cloud Learning Subscription (Individuals & Companies | Partners)
Additional Preparation and Information

A combination of Oracle training and hands-on experience (attained via labs and/or field experience) provides the best preparation for passing the exam.
Our certification exams are revised regularly to align with training and product release updates. Information about exam revisions and new topics are found on this page under ‘Validated Statement’ and within the exam topics below. Certifications reflect validated skills for year and product release version date of achievement. If you are preparing for this exam, we recommend you check these topics periodically to ensure your exam prep covers any new topics that may be added based on regular exam revision.

Transaction type life cycle
Analyze and identify transaction type life cycle: transaction type life cycle from the beginning to closing. For example, booking reservation, confirm, pay, cancel.

Accounting, reporting, audit, and reconciliation requirements
Analyze accounting, reporting, audit, and reconciliation requirements for accounting transactions: journal entries, accounts
Analyze accounting, reporting, audit, and reconciliation requirements for reporting transactions: journal and line descriptions, reporting attributes
Analyze accounting, reporting, audit, and reconciliation requirements for reconciliation transactions: reconciliation reference attribute

Modeling considerations
Analyze other modeling considerations: transaction type, consolidated vs separated subledger view, pass through, rule-based, primary ledger only, primary plus secondary ledger, legal entities

Accounting rule configuration
Analyze the accounting rule configuration: Journal entries, accounting method, chart of accounts, accounts derivation, intercompany

Register Source System and PaaS (ICS) integration
Register Source System and PaaS (ICS) integration (to include “Transaction Information” and “Line Information” worksheets, and Transaction Objects)

Update Registered Source System
Update Registered Source System: accounting attribute assignments, sources, event types

Configure accounting rules and edits on ledger and chart of accounts:
Accountng method
Journal entry rule set
Journal line rule
Account rule
Mapping set
Description rule
Supporting references
User-defined formula
Others: intercompany journal lines, gain and loss journal lines, multiperiod journal entries, accrual reversal

Transaction data and automation with web service
Upload transaction data, correct when there are errors, and perform automation with web service

Reporting and Audit
Perform Reporting and Audits: create custom OTBI report, create custom BIP report, security, period close readiness and closing exception reporting and dashboard; FRC (GL’s reporting center: Studio and Smart View); and security (Security includes GL and Accounting Hub securities)

Adjust Journal Entries
Adjust journal entries: override, create manual adjustment entries

Diagnostics
Perform diagnostics (Subledger Accounting Diagnostic – diagnose how subledger sources and attributes are used in the create accounting process)

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