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Oracle 1z0-1107-2 Exam Syllabus Topics:

SectionObjectives
Topic 1: Accounts Payable- Payment Processing
- Supplier Management
- Invoice Processing
Topic 2: Cash Management- Bank Account Setup
- Bank Reconciliation
Topic 3: Oracle Financials Cloud Overview
Topic 4: General Ledger- Journal Processing
- Financial Reporting Basics
- Chart of Accounts and Ledger Configuration
Topic 5: Fixed Assets- Depreciation Processing
- Asset Creation and Management
Topic 6: Accounts Receivable- Customer Management
- Billing and Invoicing
- Receipts and Collections

Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:

Sharon is working as a collections manager and he is interested in performing an analysis based on the difference between the date of settlement and the due date of payment of invoice. Which key performance indicator will help him to review this information? (Choose the best Answer.)

  • A. Promise to Pay
  • B. Average Days Delinquent
  • C. Days Sales Outstanding
  • D. Percent Current
  • E. Collector Effective Index
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Explanation: Only visible for 2Pass4sure members. You can sign-up / login (it's free).

Your organization is exploring solutions that enable their employees to submit expenses by using opt such as SMS or Microsoft Teams. Which technology will help your organization achieve this? (Choose the best Answer.)

  • A. IOT
  • B. Blockchain
  • C. digital Assistant
  • D. Adaptive Intelligence
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Explanation: Only visible for 2Pass4sure members. You can sign-up / login (it's free).

Easy Solutions INC has decided to set up a meals expense policy and you have been given the responsibility to define the policy. Identify the correct sequence of steps that should be per-formed to define the meals expense policy? (Choose the best Answer.)

  • A. Associating the Meals Expense Policy with an Expense Type > Setting up Policy Violations > Setting up a Meals Policy > Associating the Meals Expense Policy with an Expense Type
  • B. Setting up Policy Violations > Setting up a Meals Policy > Completing the Meals Rate Spreadsheet > Associating the Meals Expense Policy with an Expense Type
  • C. Setting up a Meals Policy > Setting up Policy Violations > Completing the Meals Rate Spreadsheet > Associating the Meals Expense Policy with an Expense Type
  • D. Completing the Meals Rate Spreadsheet > Setting up Policy Violations > Setting up a Meals Policy > Associating the Meals Expense Policy with an Expendim Type
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Explanation: Only visible for 2Pass4sure members. You can sign-up / login (it's free).

Your organization has decided to use specific business days for which the transactions should be considered in the cash positioning report. Which calendar would you assign to achieve this requirement on the Specify Cash Positioning and Forecast Options page? (Choose the best Answer.)

  • A. Default Prorate Calendar
  • B. Default Accounting Calendar
  • C. Default Source Calendar
  • D. Default Transaction Calendar
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Explanation: Only visible for 2Pass4sure members. You can sign-up / login (it's free).

Glenn Systems has decided to create accounting for payments at the time of issuing, as well as at the time of clearing the payments. Which accounting entry will be generated by the sys-tem when the payment gets reconciled with a bank statement line? (Choose the best Answer.)

  • A. Debit Cash Clearing Account Credit-Cash Account
  • B. Debit-AP Liability Credit-Cash Account
  • C. Debit-Expense Credit-Cash Account
  • D. Debit -AP Liability Credit-Cash Clearing Account
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for 2Pass4sure members. You can sign-up / login (it's free).

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