[Dec 19, 2023] 1z0-1107-2 Exam Dumps PDF Guaranteed Success with Accurate & Updated Questions
Pass 1z0-1107-2 Exam - Real Test Engine PDF with 48 Questions
NEW QUESTION # 18
Your organization wants to implement a process that helps in recording requisitions, buying goods or services, and managing supplier invoices and payments. Which Financials business process would you recommend to achieve this? (Choose the best Answer.)
- A. Procure to Pay
- B. Invoice to Cash
- C. Asset to Retirement
- D. Budget to Report
Answer: A
Explanation:
Procure to Pay is a business process that covers the steps from requesting, ordering, receiving, and paying for goods or services. It involves requisitions, purchase orders, invoices, payments, and supplier management2. It is the recommended process for recording requisitions, buying goods or services, and managing supplier invoices and payments. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 19
Which two statements are true about running the financial statements that are designed using Financial Reporting Web Studio?
- A. Financial statements are generated using the data directly from the transactional tables.
- B. Financial statements can be generated only in HTML format.
- C. Financial statements can be generated using different hierarchies to represent the data from different perspectives.
- D. Business users can easily slice and dice the data across dimensions, and drill up, down, and sideways at any parent level.
Answer: C,D
Explanation:
Financial statements that are designed using Financial Reporting Web Studio can be generated using different hierarchies to represent the data from different perspectives, such as by business unit, ledger, or currency. Business users can also easily slice and dice the data across dimensions, and drill up, down, and sideways at any parent level. Financial statements can be generated in various formats, such as HTML, PDF, Excel, or PowerPoint. Financial statements are generated using the data from the reporting tables, not the transactional tables. Reference: Oracle Financials Business Process Foundations Associate Rel 2, page 11-12.
NEW QUESTION # 20
Cash Management provides you the flexibility to create external transactions. Which two types of transactions can be categorized as external? (Choose two.)
- A. penalty for delayed supplier payments
- B. bank charges
- C. late charges on delayed customer payments
- D. bank interest
Answer: B,D
Explanation:
These are two types of transactions that can be categorized as external in Cash Management. External transactions are transactions that are not generated by Oracle applications, but are manually entered or imported from external sources, such as bank statements or third-party systems. External transactions can include bank charges, bank interest, bank errors, adjustments, or transfers1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 21
Your organization uses Cloud Time and Labor for processing reported time and needs to know the options for entering time for Time and Labor to process. What are the three options that can be used? (Choose three.)
- A. Time Cards
- B. Third Party Device
- C. Web Clock
- D. Time Sheets
- E. Element Entry
Answer: A,D,E
Explanation:
The three options that can be used for entering time for Time and Labor to process are time sheets, time cards, and element entry. Time sheets are web-based forms that allow workers to enter their time for one or more days in a week or a month. Time cards are web-based forms that allow workers to enter their time for a single day or a single time entry. Element entry is a process that allows payroll administrators to enter time elements for workers who are not required to report their time through time sheets or time cards. Web clock and third party device are not options that can be used for entering time for Time and Labor to process, but rather sources of time data that can be imported into Time and Labor through integrations or file-based loaders. Reference: [Oracle Time and Labor Cloud User Guide], [Oracle Time and Labor Cloud User Guide], [Oracle Global Payroll Cloud User Guide], [Oracle Time and Labor Cloud Implementation Guide], [Oracle Time and Labor Cloud Implementation Guide]
NEW QUESTION # 22
Which four statements are true about an effective subledger period close? (Choose four.)
- A. Fixed Assets must be closed before Receivables.
- B. Projects must be closed before Fixed Assets.
- C. Fixed Assets must be closed before Payables.
- D. Payable must be closed before Projects.
- E. Payable must be closed before closing Fixed Assets.
Answer: A,B,C,D
Explanation:
These are four true statements about an effective subledger period close. A subledger period close is a process that ensures that all transactions and adjustments in a subledger application, such as Projects, Payables, Fixed Assets, or Receivables, are accounted and transferred to General Ledger for a given period. To perform an effective subledger period close, you need to follow a recommended sequence of steps and dependencies among different subledger applications1. Some of these steps and dependencies are:
Projects must be closed before Fixed Assets, which means that you need to ensure that all project-related transactions and adjustments are accounted and transferred to General Ledger before creating or adjusting any assets from projects in Fixed Assets.
Payable must be closed before Projects, which means that you need to ensure that all supplier invoice and payment transactions and adjustments are accounted and transferred to General Ledger before creating or adjusting any project expenditures from Payables in Projects.
Fixed Assets must be closed before Payables, which means that you need to ensure that all asset addition, depreciation, adjustment, and retirement transactions and adjustments are accounted and transferred to General Ledger before creating or adjusting any supplier invoices from assets in Payables.
Fixed Assets must be closed before Receivables, which means that you need to ensure that all asset-related transactions and adjustments are accounted and transferred to General Ledger before creating or adjusting any customer invoices from assets in Receivables. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 23
Once an employee makes their benefit election, rates will be passed to payroll. What rate from benefits enrollment gets sent to payroll?
- A. Amount
- B. No rate gets sent to payroll
- C. Communicated Amount
- D. Defined Amount
Answer: B
Explanation:
Benefits enrollment does not send any rate to payroll, because benefits rates are calculated by the benefits engine and stored in the benefits tables, not in the payroll tables. Payroll uses the benefits element entries to determine the deductions and employer contributions for each employee. The communicated amount, defined amount, and amount are all types of benefits rates that are used for different purposes, but none of them are sent to payroll. Reference: [Oracle Benefits Cloud Implementation Guide], [Oracle Payroll Cloud Implementation Guide]
NEW QUESTION # 24
Which transaction types are used to generate late charges? (Choose three) Adjustments against the original transaction Interest Invoice Debit Memo Credit Memo Chargebacks
- A. Adjustments against the original transaction
- B. Credit Memo
- C. Debit Memo
- D. Interest Invoice
- E. Chargebacks
Answer: A,C,D
Explanation:
The transaction types that are used to generate late charges are adjustments against the original transaction, interest invoice, and debit memo. Adjustments against the original transaction are transactions that modify the amount or terms of the original invoice or other transaction that caused the late charges. Interest invoice is a transaction that creates a new invoice for the interest amount calculated on the overdue balance. Debit memo is a transaction that creates a new invoice for the late charge amount calculated on the overdue balance. Credit memo and chargebacks are not transaction types that are used to generate late charges, but rather transaction types that are used to reduce or cancel the original invoice or other transaction. Reference: Oracle Receivables Cloud User Guide, Oracle Receivables Cloud User Guide, Oracle Receivables Cloud User Guide, Oracle Receivables Cloud User Guide
NEW QUESTION # 25
Robert works as a General Accountant for Glenn Systems and he has a requirement to inquire and analyze the GL Account balances on a regular basis. Which tool can he use to in-quire and analyze the GL Account balances online? (Choose the best Answer.)
- A. Balance Tracker
- B. Account Tracker
- C. Account Inspector
- D. Balance Inspector
Answer: B
Explanation:
Account Tracker is a tool that enables you to drill down from balances to journals and subledger transactions. You can use it to inquire and analyze the GL account balances online. You can also view graphical representations of balances and drill down to source transactions3. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 26
Your organization follows the integrated invoice imaging solution to scan and process sup-plier invoices. Steve is a Payables clerk and his job is to regularly review the invoices created from an invoice image that has invalid or missing dat a. In which status can these invoices be found? (Choose the best Answer.)
- A. Needs Revalidation
- B. Validated
- C. Not Validated
- D. Incomplete
Answer: D
Explanation:
Incomplete is the status in which you can find the invoices created from an invoice image that has invalid or missing data. The integrated invoice imaging solution is a solution that enables you to scan and process supplier invoices using optical character recognition (OCR) technology. The solution automatically creates invoices from invoice images and validates them against your setup data. If the invoice image has invalid or missing data, such as supplier name, invoice number, or invoice amount, the invoice is created with an incomplete status and requires manual intervention1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 27
What ate the three ways by which a new employee can be added to the HR system? (Choose three.)
- A. Employee Self Register
- B. Mass Upload Employees
- C. Hire Employee
- D. Convert Pending Worker
- E. Add Pending Worker
Answer: B,C,E
Explanation:
There are three ways by which a new employee can be added to the HR system: add pending worker, hire employee, and mass upload employees. Adding a pending worker is a process that creates a person record with minimal information and assigns a pending worker person type, which can be later converted to an employee or a contingent worker. Hiring an employee is a process that creates a person record with full information and assigns an employee person type, as well as creates a work relationship, assignment, and payroll relationship for the person. Mass uploading employees is a process that uses the HCM Data Loader to import employee data from an external source and create person records with employee person type and other related objects. Converting a pending worker is not a way to add a new employee, but rather a way to change the person type of an existing pending worker to an employee or a contingent worker. Employee self register is not a way to add a new employee, but rather a feature that allows existing employees to update their own personal information. Reference: [Oracle Global Human Resources Cloud User Guide], [Oracle Global Human Resources Cloud User Guide], [Oracle Global Human Resources Cloud User Guide], [Oracle HCM Cloud Data Loader User Guide], [Oracle Global Human Resources Cloud User Guide]
NEW QUESTION # 28
Your organization has decided to use the Balance Forward Billing feature to consolidate multiple invoices into a single bill and you have been asked to configure this feature. What is the recommended order of steps that needs to be followed to complete your configuration? (Choose the best Answer.)
- A. Define BFB Payment Terms > Attach BFB Payment Terms to Customer > Enable BFB in the Customer Profile > Define BFB Billing Cycle
- B. Enable BFB in the Customer Profile > Define BFB Payment Terms > Define BFB Billing Cycle > Attach BFB Payment Terms to Customer
- C. Define BFB Billing Cycle > Define BFB Payment Terms > Enable BFB in the Customer Profile > Attach BFB Payment Terms to Customer
- D. Define BFB Payment Terms > Define BFB Billing Cycle > Enable BFB in the Customer Profile > Attach BFB Payment Terms to Customer
Answer: C
Explanation:
This is the recommended order of steps that needs to be followed to complete your configuration of the Balance Forward Billing feature. Balance Forward Billing is a feature that enables you to consolidate multiple invoices into a single bill and send it to your customers at regular intervals, such as monthly or quarterly. To configure Balance Forward Billing, you need to perform the following steps1:
Define BFB Billing Cycle: This step involves creating a billing cycle name, description, and frequency for generating balance forward bills.
Define BFB Payment Terms: This step involves creating payment terms that specify the due date and discount date for balance forward bills.
Enable BFB in the Customer Profile: This step involves enabling the Balance Forward Billing option in the customer profile class or customer account level.
Attach BFB Payment Terms to Customer: This step involves assigning the balance forward payment terms to the customer account or site level. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 29
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
- A. IOT
- B. Adaptive Intelligence
- C. Digital Assistant
- D. Blockchain
Answer: C
Explanation:
The technology that will help your organization achieve the goal of enabling their employees to submit expenses by using options such as SMS or Microsoft Teams is digital assistant, which is a platform that allows users to interact with various applications and services through natural language conversations. Digital assistant can be integrated with different channels such as SMS, Microsoft Teams, Slack, Facebook Messenger, etc., and can provide users with a conversational interface to perform tasks such as creating and submitting expense reports, attaching receipts, reviewing and approving expenses, etc. Adaptive intelligence, IOT, and blockchain are not technologies that will help your organization achieve the goal of enabling their employees to submit expenses by using options such as SMS or Microsoft Teams, but rather technologies that have different purposes and functionalities. Adaptive intelligence is a technology that uses machine learning and artificial intelligence to provide insights and recommendations based on data analysis. IOT is a technology that connects physical devices and sensors to the internet and enables data collection and exchange. Blockchain is a technology that creates a distributed ledger of transactions that is secure and immutable. Reference: Oracle Digital Assistant User Guide, Oracle Expenses Cloud User Guide
NEW QUESTION # 30
Which two statements are true about Oracle Expenses Cloud integration with travel partners? (Choose two.)
- A. Oracle Expenses Cloud supports direct integration only with Concur.
- B. Oracle Expenses Cloud supports integration with other partners through Rest APIs.
- C. Oracle Expenses Cloud supports direct integration only with GetThere.
- D. Oracle Expenses Cloud supports direct integration only with TripActions.
Answer: B,D
Explanation:
These are two true statements about Oracle Expenses Cloud integration with travel partners. Oracle Expenses Cloud supports direct integration only with TripActions, which is a travel management platform that offers personalized travel options, rewards, and insights. TripActions users can seamlessly sync their travel bookings and receipts with Oracle Expenses Cloud for faster expense reporting3. Oracle Expenses Cloud also supports integration with other partners through Rest APIs, which are web services that allow communication between different systems using standard protocols. Rest APIs enable Oracle Expenses Cloud to exchange data with other travel partners or third-party applications4. Reference: Oracle Financials Business Process Foundations Associate Rel 2, Oracle Expenses Cloud REST API Reference
NEW QUESTION # 31
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 Invoice to Receipt
- B. Customer Statement to Collection
- C. Bank Transaction to Position
- D. Customer Contract to Revenue
Answer: B
Explanation:
Customer Statement to Collection is the subprocess in the Invoice to Cash life cycle flow that helps you to manage and resolve disputes for delinquent invoices. It involves sending statements to customers, identifying overdue invoices, contacting customers, applying late charges, creating dispute cases, and applying adjustments or write-offs2. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 32
An employee has created a learning community about graphic designing. She has kept the community open to members. She branded the community and uploaded a video to show how a particular design was created. Members of that learning community have the option to view and comment on the designs that are uploaded. What is another action that members can do to the learning communities they are a part of?
- A. Upload videos
- B. Invite members from another community to share feedback
- C. Delete the community page
- D. Make the community private
Answer: A
Explanation:
Members of a learning community can upload videos to share their knowledge and skills with other members. Uploading videos is one of the ways that members can contribute to the learning community and enhance their learning experience. Deleting the community page, making the community private, and inviting members from another community are not actions that members can do to the learning communities they are a part of, but rather actions that only the community owner or administrator can do. Reference: [Oracle Learning Cloud User Guide], [Oracle Learning Cloud User Guide]
NEW QUESTION # 33
Which of the following help organizations in estimating bank account balances daily and over a period of time? (Choose two)
- A. Reconciliation
- B. Bank Account Transfer
- C. Cash Forecasting
- D. Cash Positioning
Answer: C,D
Explanation:
The two processes that help organizations in estimating bank account balances daily and over a period of time are cash positioning and cash forecasting. Cash positioning is a process that involves calculating the current cash position of each bank account by adding or subtracting the cleared and uncleared transactions from the opening balance. Cash forecasting is a process that involves projecting the future cash position of each bank account by adding or subtracting the expected inflows and outflows from the current balance. Reconciliation and bank account transfer are not processes that help organizations in estimating bank account balances daily and over a period of time, but rather processes that have different purposes and functionalities. Reconciliation is a process that involves matching the transactions recorded in the bank statement with the transactions recorded in the general ledger. Bank account transfer is a process that involves transferring funds between bank accounts within or across legal entities. Reference: Oracle Cash Management Cloud User Guide, Oracle Cash Management Cloud User Guide, Oracle Cash Management Cloud User Guide, Oracle Cash Management Cloud User Guide
NEW QUESTION # 34
......
Get New 1z0-1107-2 Certification Practice Test Questions Exam Dumps: https://braindump2go.examdumpsvce.com/1z0-1107-2-valid-exam-dumps.html
