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Oracle 1z0-1107-2 Exam Syllabus Topics:

SectionObjectives
Oracle Financials Cloud Overview
Accounts Payable- Invoice Processing
- Payment Processing
- Supplier Management
Cash Management- Bank Account Setup
- Bank Reconciliation
Accounts Receivable- Billing and Invoicing
- Customer Management
- Receipts and Collections
Fixed Assets- Depreciation Processing
- Asset Creation and Management
General Ledger- Financial Reporting Basics
- Journal Processing
- Chart of Accounts and Ledger Configuration

Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:

Glenn Systems has decided to enable the Additional Duplicate Invoice Check feature. Which three additional attributes are considered for duplicate invoice check when this feature is enabled? (Choose three.)

  • A. Supplier Location
  • B. Invoice Date
  • C. Invoice Type
  • D. Invoice Amount
  • E. Supplier Tax Registration Number
Reveal Solution  Discussion  0

Correct Answer: B,C,D  🗳️

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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.)

  • A. Customer Contract to Revenue
  • B. Bank Transaction to Position
  • C. Customer Statement to Collection
  • D. Customer Invoice to Receipt
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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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.)

  • A. Overdue Transactions and Late Payments
  • B. Average Quarterly Balance
  • C. Fortnightly Balance
  • D. Late Payments Only
  • E. Overdue Transactions Only
Reveal Solution  Discussion  0

Correct Answer: A,D,E  🗳️

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

  • A. Oracle Expenses Cloud supports direct integration only with GetThere.
  • B. Oracle Expenses Cloud supports integration with other partners through Rest APIs.
  • C. Oracle Expenses Cloud supports direct integration only with TripActions.
  • D. Oracle Expenses Cloud supports direct integration only with Concur.
Reveal Solution  Discussion  0

Correct Answer: B,C  🗳️

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

  • A. Invoice Lines must be charged to an Asset Account.
  • B. The "Track as Asset" check box must be selected for the invoice distribution lines.
  • C. Invoice Lines must be charged to a Revenue Account.
  • D. Payable Invoice must be validated and accounted.
  • E. Payable Invoice must be transferred to General Ledger.
Reveal Solution  Discussion  0

Correct Answer: A,B,D,E  🗳️

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