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Oracle Fusion Cloud Applications ERP Foundations Associate - Rel 1 - 1Z0-1160-1 Exam Practice Test

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Total 55 questions

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Question 1

Which two modules help generate accounting entries by directly integrating with the subledger accounting engine?

A. Advanced Collections module, which classifies delinquent customer balances and simplifies collection activities B. Expenses module, which organizes employee expense processes, ensuring accurate and timely reimbursements C. Fixed Assets module, which streamlines asset lifecycle processes, from acquisition to retirement D. Accounts Payable module, which streamlines supplier invoice and payments functions

Discussion 0

Correct Answer: C,D Vote an answer

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Question 2

What are the key considerations in determining collection scoring for a customer?

A. Customer satisfaction ratings that examine customer engagement and their usage patterns B. Number of invoices issued per month that considers transaction volume and administrative burden C. Payment behavior and credit risk that is centered around the customer's financial conduct and stability D. Customer location and business size that focuses on geographical and scale-related factors

Discussion 0

Correct Answer: C Vote an answer

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Question 3

How does Smart View add value to the Period Close to Financial Reports business process in Oracle Cloud?

A. It enables interactive, multi-dimensional analysis of financial data within a familiar Excel environment B. It consolidates data exclusively from Oracle Transactional Business Intelligence (OTBI) C. It ensures faster processing of journal entries during the period close cycle D. It automates the generation of statutory financial reports, eliminating the need for manual data adjustments during the period close process

Discussion 0

Correct Answer: A Vote an answer

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Question 4

What is the primary purpose of the Oracle Fusion Cloud ERP General Ledger module?

A. To manage supplier invoices and payments B. To provide a centralized repository for financial data and reporting C. To track employee expenses and reimbursements D. To automate customer collections and dunning processes

Discussion 0

Correct Answer: B Vote an answer

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Question 5

What is the primary advantage of utilizing the Project Progress metrics in the Plan to Delivery process?

A. It facilitates the monitoring of critical projects, offering insights into budget compliance B. It helps review the percentage of work completed on projects and task exceptions C. It helps track the milestones that are past due, at risk, or due soon D. It aids in comparing the timeline between project tasks

Discussion 0

Correct Answer: B Vote an answer

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Question 6

Which capability in Oracle Fusion Cloud Expenses helps ensure policy compliance and reduces the need for manual verification?

A. Digital receipt matching B. Real-time policy enforcement C. Automated expense categorization D. Mileage tracking and calculation

Discussion 0

Correct Answer: B Vote an answer

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Total 55 questions

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