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Oracle 1z0-1107-2 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Budget to Report Process | 20% | - Budgeting and forecasting - Transaction capture and processing - Period close procedures - Financial reporting and analysis |
| Topic 2: Accounting Transformation Process | 20% | - Subledger Accounting overview - Transaction accounting creation - Transfer to General Ledger - Reconciliation and period close |
| Topic 3: Invoice to Cash Process | 20% | - Accounts Receivable transactions - Tax handling in AR - Statements and collections - Receipts and applications - Overview of Invoice to Cash flow |
| Topic 4: Procure to Payment Process | 20% | - Expenses and reimbursement - Cash reconciliation - Accounts Payable taxes - Overview of Procure to Payment flow - Invoices and payments |
| Topic 5: Asset Acquisition to Retirement Process | 20% | - Asset lifecycle overview - Acquisition and addition - Retirement and disposal - Depreciation and adjustments - Transfers and reclassifications |
Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:
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. Completing the Meals Rate Spreadsheet > Setting up Policy Violations > Setting up a Meals Policy > Associating the Meals Expense Policy with an Expendim 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. 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
Correct Answer: C 🗳️
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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. Invoice Type
- B. Supplier Tax Registration Number
- C. Invoice Amount
- D. Supplier Location
- E. Invoice Date
Correct Answer: A,C,E 🗳️
Explanation: Only visible for PassTestking members. You can sign-up / login (it's free).
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. Overdue Transactions Only
- C. Average Quarterly Balance
- D. Late Payments Only
- E. Fortnightly Balance
Correct Answer: A,B,D 🗳️
Explanation: Only visible for PassTestking members. You can sign-up / login (it's free).
Glenn Systems wants to deploy automatic controls to spot unusual or inappropriate expenses based on audit percentage, policy violations, specific keywords, and individuals with specific status. Which configuration will help them achieve this? (Choose the best Answer.)
- A. Expense Report Receipt and Notification Rules
- B. Expense Audit List Rules
- C. Expense Report Audit Selection Rules
- D. Expense Report Audit Rules by Expense Templates and Types
Correct Answer: C 🗳️
Explanation: Only visible for PassTestking 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. Completing the Meals Rate Spreadsheet > Setting up Policy Violations > Setting up a Meals Policy > Associating the Meals Expense Policy with an Expendim 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. 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
Correct Answer: C 🗳️
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