Oracle Financials Cloud: Payables 2017 Implementation Essentials : 1z1-961

1z1-961 real exams

Exam Code: 1z1-961

Exam Name: Oracle Financials Cloud: Payables 2017 Implementation Essentials

Updated: Sep 17, 2026

Q & A: 86 Questions and Answers

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Oracle 1z1-961 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Financials Cloud: Payables 2017 Implementation Essentials
Exam Number:1Z0-961
Passing Score:~60% (Oracle exam scoring varies; typically scaled)
Available Languages:English
Exam Format:Multiple Response, Multiple Choice
Related Certifications:Oracle Financials Cloud Implementation Specialist
Oracle Cloud Financials Certification
Certificate Validity Period:Typically 18–24 months or until certification retirement (Oracle policy dependent)
Exam Duration:120 minutes
Real Exam Qty:50-70 (typically multiple choice)
Exam Price:$245 USD (varies by region)
Recommended Training:Oracle University Financials Cloud Training
Oracle Financials Cloud Learning Path
Exam Registration:Pearson VUE Oracle Exams
Oracle Certification Registration
Sample Questions:Free Download 1z1-961 bootcamp pdf
Exam Way:Online proctored or test center (Pearson VUE)
Pre Condition:Basic knowledge of Oracle Financials Cloud applications is recommended; prior accounting or ERP experience is beneficial.
Official Syllabus URL:https://education.oracle.com

Oracle 1z1-961 Exam Syllabus Topics:

SectionObjectives
Topic 1: Oracle Financials Cloud Payables Overview- Payables Setup and Configuration Basics
- Payables Business Processes Overview
Topic 2: Accounting and Subledger Integration- Subledger Accounting Rules
- Period Close Process
- General Ledger Integration
Topic 3: Invoice Management- Invoice Adjustments and Approvals
- Invoice Matching (PO and Non-PO)
- Invoice Creation and Validation
Topic 4: Tax and Reporting- Audit and Compliance Reporting
- Standard Payables Reports
- Tax Configuration in Payables
Topic 5: Payments Processing- Payment Reconciliation
- Payment Processing and Scheduling
- Payment Methods and Formats
Topic 6: Supplier Management- Supplier Qualification and Controls
- Supplier Creation and Maintenance
- Supplier Sites and Controls

What PassTorrent Offers Every 1z1-961 Candidate

At present, the 1z1-961 exam's passing score is ~60% (Oracle exam scoring varies; typically scaled), and registration costs $245 USD (varies by region). Since failing means registering again at full price, thorough preparation is the economical choice — and Oracle can revise both figures, so confirm them officially before booking.

The Oracle Financials Cloud: Payables 2017 Implementation Essentials blueprint is built around these main domains:

  • Supplier Management
  • Tax and Reporting
  • Oracle Financials Cloud Payables Overview

Additional domains appear in the full official outline — our bank covers them all.

Honored in writing. If you fail the corresponding exam within 60 days of purchase, send us a scanned copy of your enrollment slip and your official Score Report PDF within two days of the exam date; verified claims are refunded in full within seven days. Exclusions: exams taken within three days of purchase, candidate names that differ from the payer, and free or expired products. You may also exchange your product for two others of equal value at no charge.

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By a professional group with dedicated contribution — experienced engineers and educators in this industry who compile every 1z1-961 question and verify every answer across the Oracle Financials Cloud: Payables 2017 Implementation Essentials objectives. Maintenance is continuous: as new technology standards and knowledge emerge, revisions follow, and each updated version is sent to your mailbox immediately, free for 365 days, with a 50% renewal discount for further partnership. Privacy is protected by principle — your information is classified and never sold or shared, so no one will call you to sell something after our cooperation. And preferential terms — bundle discounts on the three versions, irregular coupons, little gifts — thank you for your trust in return.

Oracle publishes these prerequisites for the Oracle Financials Cloud: Payables 2017 Implementation Essentials: Basic knowledge of Oracle Financials Cloud applications is recommended; prior accounting or ERP experience is beneficial..

Verify the current requirements on the official certification page.

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Per the latest exam information, the 1z1-961 exam contains 50-70 (typically multiple choice) questions with 120 minutes minutes to complete them. The PC Test Engine lets you simulate a full test event under these conditions to check your progress.

Registration runs through the official channels below:

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Oracle Financials Cloud: Payables 2017 Implementation Essentials Sample Questions:

Question #1

Select three reasons why you cannot close your Payables period. (Choose three.)

  • A. bills payable requiring maturity
  • B. unapplied prepayments
  • C. unaccounted invoices and payments
  • D. open intercompany transactions
  • E. suppliers on payment holds
Reveal Solution  Discussion  0

Correct Answer: A,C,E  🗳️

Question #2

When submitting the Payables to General Ledger Reconciliation report, the extract did not select any data.
What should you check?

  • A. Make sure you enabled the Reconciliation flag to all of your liability natural account values.
  • B. Make sure you specified a Business Unit in the parameters when running the extract.
  • C. Make sure you assign an Account parameter when running the extract to include liability accounts.
  • D. Make sure you assigned a Financial Category of Accounts Payable to all your liability natural account values.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #3

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?

  • A. You did not define conversion rates for your business unit.
  • B. You did not specify a default expense template.
  • C. Only cash transactions use those settings.
  • D. You did not define conversion rates in the General Ledger Cloud.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #4

While processing an expense report, the system placed a payment hold on the expense report. What are two ways to release payment holds? (Choose two.)

  • A. Payables Manager can release payment holds in Payables.
  • B. The expense auditor can manually release the payment hold at his discretion.
  • C. The employee's supervisor can manually release the hold.
  • D. Based on the receipt status, the Expenses program can automatically release the payment hold once it detects that receipts are received or waived.
  • E. The employee can manually release the hold.
Reveal Solution  Discussion  0

Correct Answer: B,D  🗳️

Question #5

The expense auditor has chosen to Request More Information for an expense report.
Select two ways the system processes this action. (Choose two.)

  • A. The employee must resubmit the expense report.
  • B. The expense report status remains Pending Payables Approval.
  • C. The expense report is routed back to the approvers.
  • D. The employee must reply to the notification before the reimbursement process can continue.
Reveal Solution  Discussion  0

Correct Answer: A,B  🗳️

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