New Year Special Limited Time 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: 70special

Oracle 1z0-1107-2 Oracle Financials Business Process Foundations Associate Rel 2 Exam Practice Test

Page: 1 / 5
Total 47 questions

Oracle Financials Business Process Foundations Associate Rel 2 Questions and Answers

Testing Engine

  • Product Type: Testing Engine
$37.5  $124.99

PDF Study Guide

  • Product Type: PDF Study Guide
$33  $109.99
Question 1

Glenn Systems has decided to use the batch scheduler functionality to automatically dis-tribute the Budget Vs Actual analysis reports via emails. Which feature of batch scheduler can they use to achieve this? (Choose the best Answer.)

Options:

A.

Break Out

B.

Distribute

C.

Explode

D.

Bursting

Question 2

Ganesh works for Glenn Systems as a General Accountant and he has a requirement to create periodic allocations at the end of the month to distribute welfare expenses. The allocations will be based on headcounts in each department. In which currency should the journal entry be created to load the headcounts? (Choose the best Answer.)

Options:

A.

Statistical Currency

B.

Reporting Currency

C.

Foreign Currency

D.

Ledger Currency

Question 3

Which three Cash Management infolets do you find in the Analytics section of the home page? (Choose three.)

Options:

A.

Unreconciled

B.

Project Interest Amount

C.

External Transactions

D.

Missing Statements

E.

Cash Balance

Question 4

Which two statements are true about creating case folders within the Customer Statement to Collections business process? (Choose two.)

Options:

A.

Billing transactions must belong to the same bill-to customer.

B.

Billing transactions must be of the same currency.

C.

Billing transactions can belong to multiple case folders.

D.

Billing transactions can be of multiple currencies.

Question 5

Which accounting engine is used to define the rules that help in generating the accounting entries for transactions such as supplier invoices and payments or customer invoices and receipts? (Choose the best Answer.)

Options:

A.

Essbase Cube

B.

Subledger Accounting (SLA)

C.

General Ledger

D.

Business Intelligence

Question 6

Your organization has a requirement to ensure that the expense reports are reviewed on a regular basis to comply with its reimbursement policies. Which job role would you recommend for a person who is authorized to review and identify the compliance issues with the submitted expense reports? (Choose the best Answer.)

Options:

A.

Procurement Agent

B.

Expense Manager

C.

Accounts Payables Specialist

D.

Expense Auditor

Question 7

Which two statements are true about Oracle Expenses Cloud integration with travel partners? (Choose two.)

Options:

A.

Oracle Expenses Cloud supports direct integration only with GetThere.

B.

Oracle Expenses Cloud supports direct integration only with TripActions.

C.

Oracle Expenses Cloud supports direct integration only with Concur.

D.

Oracle Expenses Cloud supports integration with other partners through Rest APIs.

Question 8

John is working as a Cash Manager for Glenn Systems and regularly uses the Unreconciled infolet to review the unreconciled Bank Statement Lines and System Transactions. He is not able to find the details of some transactions on this infolet because there is a limitation for the number of days for which the data appears on this infolet. Identify the number of days for which data appears on this infolet.? (Choose the best Answer.)

Options:

A.

last 55 days

B.

last 50 days

C.

last 65 days

D.

last 45 days

Question 9

Which four statements are true about creating assets from Payable Invoice lines by using the Create Mass Additions process? (Choose four.)

Options:

A.

Payable Invoice must be validated and accounted.

B.

Invoice Lines must be charged to a Revenue Account.

C.

Invoice Lines must be charged to an Asset Account.

D.

The "Track as Asset" check box must be selected for the invoice distribution lines.

E.

Payable Invoice must be transferred to General Ledger.

Question 10

One of the internal auditors in your organization is reviewing subledger journals and want more details about the rules that were used to generate these journals. What would you use to review these rules? (Choose the best Answer.)

Options:

A.

Account Monitor

B.

the Account Override page

C.

the Analyze Journal Entry page

D.

the Create Journals page

Question 11

Invoice Number S10231234 for USD 1000 was raised for the customer "Business World" on 1st January 2022 with a payment term of 30 days. This invoice became due on 31st January 2022, but the customer has not yet made the payment due to an unresolved dispute. Which subprocess in the Invoice to Cash life cycle flow helps you to manage and resolve disputes for such type of delinquent invoices? (Choose the best Answer.)

Options:

A.

Customer Invoice to Receipt

B.

Customer Contract to Revenue

C.

Customer Statement to Collection

D.

Bank Transaction to Position

Question 12

Robert works as a General Accountant for Glenn Systems and he has a requirement to inquire and analyze the GL Account balances on a regular basis. Which tool can he use to in-quire and analyze the GL Account balances online? (Choose the best Answer.)

Options:

A.

Account Inspector

B.

Account Tracker

C.

Balance Tracker

D.

Balance Inspector

Question 13

Your organization has decided to apply late charges against overdue customer transactions as well as delayed payments. Your manager has requested you to evaluate the various methods that can be used to calculate late charges. Which three are valid options for calculating late charges? (Choose three.)

Options:

A.

Fortnightly Balance

B.

Overdue Transactions Only

C.

Late Payments Only

D.

Average Quarterly Balance

E.

Overdue Transactions and Late Payments

Question 14

Which two statements are true about running the financial statements that are designed using Financial Reporting Web Studio? (Choose two.)

Options:

A.

Financial statements can be generated using different hierarchies to represent the data from different perspectives.

B.

Financial statements can be generated only in HTML format.

C.

Financial statements are generated using the data directly from the transactional tables.

D.

Business users can easily slice and dice the data across dimensions, and drill up, down, and sideways at any parent level.

Page: 1 / 5
Total 47 questions