Study with 1z0-1107-2 Actual Test Questions
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Oracle 1z0-1107-2 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Accounting Transformation Process | 20% | - Subledger Accounting overview - Transaction accounting creation - Reconciliation and period close - Transfer to General Ledger |
| Procure to Payment Process | 20% | - Cash reconciliation - Overview of Procure to Payment flow - Expenses and reimbursement - Invoices and payments - Accounts Payable taxes |
| Asset Acquisition to Retirement Process | 20% | - Transfers and reclassifications - Retirement and disposal - Acquisition and addition - Depreciation and adjustments - Asset lifecycle overview |
| Budget to Report Process | 20% | - Financial reporting and analysis - Budgeting and forecasting - Period close procedures - Transaction capture and processing |
| Invoice to Cash Process | 20% | - Tax handling in AR - Statements and collections - Receipts and applications - Accounts Receivable transactions - Overview of Invoice to Cash flow |
Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:
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-Expense Credit-Cash Account
- B. Debit Cash Clearing Account Credit-Cash Account
- C. Debit -AP Liability Credit-Cash Clearing Account
- D. Debit-AP Liability Credit-Cash Account
Correct Answer: B 🗳️
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Which four factors are responsible for calculating taxes on Receivables transactions? (Choose four.)
- A. Programs
- B. Processes
- C. Places
- D. Plans
- E. Products
- F. Parties
Correct Answer: B,C,D,E,F 🗳️
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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. Fortnightly Balance
- B. Late Payments Only
- C. Overdue Transactions and Late Payments
- D. Overdue Transactions Only
- E. Average Quarterly Balance
Correct Answer: B,C,D 🗳️
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Easy Solutions INC has operations in the USA, UK, and Germany. USA is the parent entity and it has two subsidiary entities in UK and Germany. USA and UK entities are sharing the same chart of accounts and calendar, whereas the Germany entity has a different chart of ac-count and calendar due to some statutory requirements. Which consolidation method would you recommend to consolidate the financials balances of the Germany entity with the parent entity in the USA? (Choose the best Answer.)
- A. Reporting only Consolidation
- B. Calculation Manager Consolidation
- C. Oracle Hyperion Financial Management Consolidation
- D. Balance Transfer Consolidation
Correct Answer: C 🗳️
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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 Source Calendar
- B. Default Transaction Calendar
- C. Default Accounting Calendar
- D. Default Prorate Calendar
Correct Answer: B 🗳️
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