Oracle 1z1-962 Actual Free Exam Questions & Community Discussion

Exam Code/Number: 1z1-962
Exam Name/Title: Oracle Financials Cloud: Receivables 2017 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Financials Cloud Receivables 2017

Exam Questions: 80
Updated On: Jun 26, 2026

Question #17

Your customer wants to override the calculated tax line amount for their receivable transaction.
What steps should the customer perform to ensure that only one of their employees has this privilege?

A. Enable "Allow override of calculated tax lines" within the tax configuration owner options for the receivable invoice event and grant the employee the "Tax Manager <Business Unit>" data role.

B. Set the "Transaction Tax Line Override" profile option to Yes for the selected employee and assign the employee the "Tax Manager <Business Unit>" data role.

C. Enable "Allow override of calculated tax lines" within the tax configuration owner options for the receivable invoice event and set the "Transaction Tax Line Override" profile option to Yes for the selected employee.

D. Enable the "Allow tax rate override" and "Allow manual tax lines" profiles at the user level, set, the value to Yes for the selected employee, and grant the "Tax Manager < Business Unit>" data role to the employee.

E. Enable "Allow override of calculated tax lines" within the tax configuration owner options for the receivable application and create a tax rule to grant this privilege only to the selected employee.

Discussion 0

Correct Answer: B Vote an answer

Question #18

Your customer wants to retrieve values for the Line of Business segment based on Customer Class for the Revenue account.
Which option would you use to achieve this with the help of the Subledger Accounting solution?

A. Transaction References

B. Supporting References

C. Description Rule

D. Mapping Set

Discussion 0

Correct Answer: B Vote an answer

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Question #19

Which statement is true when you create an Implementation Project for Oracle Financials Cloud?

A. You need to make only the project name unique, and then you can perform the setup for any product family, such as Financials, Procurement, Human Capital Management, and Supply Chain Management.

B. You must plan your Implementation Project carefully because you cannot delete it or make changes later.

C. The Implementation Project is preconfigured and cannot be deleted or changed.

D. When you select the offering "Financials," it automatically allows you to perform the setup for all Oracle Financials Cloud products.

E. You must select the offering "Financials" and each individual product or option to perform the setup for each product in Oracle Financials Cloud.

Discussion 0

Correct Answer: A Vote an answer

Question #20

After reviewing an incomplete invoice, the Billing Manager clicks the Complete button in the Transactions window.
What are three results of this action? (Choose three.)

A. The invoice is eligible for transfer to the General Ledger.

B. Payment schedules are created using the payment terms specified.

C. The invoice is included in the standard aging and collection process if the transaction type has the Open Receivables option set to No.

D. The invoice can now be printed.

E. The invoice is sent for a dunning follow-up.

Discussion 0

Correct Answer: B,D,E Vote an answer

Question #21

To meet the business needs of most organizations, "Common Set" is seeded InFusion for all set-enabled objects with the exception of _________________.

A. Aging Methods

B. AutoMatch Rule Sets

C. AutoCash Rules

D. Customer Site

E. Revenue Scheduling Rules

Discussion 0

Correct Answer: D Vote an answer

Question #22

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

A. You can issue a credit card refund to a customer who has made a cash payment.

B. You can refund receipts that are factored.

C. You can refund receipts that were either remitted or cleared.

D. You cannot refund more than either the original receipt amount or the remaining unapplied amount.

Discussion 0

Correct Answer: C,D Vote an answer

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Question #23

The process of remitting receipts to a bank results in fund transfer errors.
Identify three corrective actions to resolve this. (Choose three.)

A. change of instrument

B. receipt reversal

C. clearing payment information

D. debit memo reversal

E. credit reversal

Discussion 0

Correct Answer: A,B,C Vote an answer

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Question #24

You schedule print runs of transactions and balance forward bills according to the needs of your enterprise.
Which three statements are true? (Choose three.)

A. If you have not printed a transaction, the View Print button (Preview of Print) displays the transaction according to the default template in BI Publisher.

B. It is recommended that you always print directly from BI Publisher to give you more control over the templates in case you need to change them.

C. Both the transaction, or each transaction in a balance forward bill, will be marked as printed in the system.

D. It is not recommended to print transactions and balance forward bills directly from BI Publisher.

E. If you have printed a transaction, the View Print button will not display a preview of the print.

Discussion 0

Correct Answer: A,B,C Vote an answer

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