Exam 1z0-1107-2 Realistic Dumps Verified Questions Free [Mar 28, 2024]
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NEW QUESTION # 10
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. Adaptive Intelligence
- B. Digital Assistant
- C. IOT
- D. Blockchain
Answer: B
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 # 11
What is the name of Oracle's Chatbot?
- A. Oracle Information
- B. Oracle Help
- C. Oracle Digital Assistant
- D. Oracle Chatbot
Answer: C
Explanation:
Oracle Digital Assistant is the name of Oracle's chatbot platform that enables users to interact with various applications and services through natural language conversations. Oracle Chatbot, Oracle Information, and Oracle Help are not names of Oracle's chatbot platform, but rather generic terms that do not reflect the capabilities and features of the platform. Reference: [Oracle Digital Assistant User Guide]
NEW QUESTION # 12
Cash Management provides you the flexibility to create external transactions. Which two types of transactions can be categorized as external? (Choose two.)
- A. bank interest
- B. penalty for delayed supplier payments
- C. late charges on delayed customer payments
- D. bank charges
Answer: A,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 # 13
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. Balance Transfer Consolidation
- C. Calculation Manager Consolidation
- D. Oracle Hyperion Financial Management Consolidation
Answer: D
Explanation:
Oracle Hyperion Financial Management Consolidation is a comprehensive, web-based application that delivers global financial consolidation, reporting and analysis in a single, highly scalable software solution. It supports multiple currencies, intercompany eliminations, minority interest calculations, ownership management, and statutory and management reporting1. It is suitable for consolidating the financial balances of the Germany entity with the parent entity in the USA, as they have different chart of accounts and calendar. Reference: Oracle Financials Business Process Foundations Associate Rel 2
NEW QUESTION # 14
Your organization has decided to automate the entry of cash receipts by using a method where the customer goes and deposits the money directly into your bank account for the due invoices and the banker provides a data file to you. Which method can your organization implement to achieve this? (Choose the best Answer.)
- A. Spreadsheet
- B. Lockbox
- C. Toolbox
- D. Automatic Receipts
Answer: B
Explanation:
Lockbox is the method that your organization can implement to automate the entry of cash receipts by using a method where the customer goes and deposits the money directly into your bank account for the due invoices and the banker provides a data file to you. Lockbox is a service provided by banks that allows customers to deposit their payments directly into your bank account without sending them to you. The bank sends you a data file with the details of the payments and the invoices that they apply to. You can import this data file into Oracle Receivables and create receipts automatically1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 15
What terminology is used within Oracle HCM Cloud to describe the phases and states that a candidate goes through within the hiring process?
- A. Candidate Selection Process
- B. Candidate Hiring Process
- C. Candidate Hiring Workflow
- D. Candidate Selection Workflow
Answer: C
Explanation:
The terminology used within Oracle HCM Cloud to describe the phases and states that a candidate goes through within the hiring process is candidate hiring workflow, which is a configurable set of steps that define how candidates are moved from one stage to another until they are hired or rejected. The candidate hiring workflow consists of four phases: sourcing, screening, selection, and offer, and each phase has one or more states that represent the status of the candidate in that phase. Candidate selection workflow, candidate selection process, and candidate hiring process are not terminology used within Oracle HCM Cloud to describe the phases and states that a candidate goes through within the hiring process, but rather generic terms that do not reflect the specific configuration and functionality of the system. Reference: [Oracle Recruiting Cloud User Guide], [Oracle Recruiting Cloud User Guide]
NEW QUESTION # 16
Apart from being manually added into the system, where else might Pending Workers come from?
- A. Recruiting
- B. Compensation Processing
- C. Talent Management Processing
- D. Pending Worker Self Register
Answer: A
Explanation:
Pending workers can come from recruiting, which is a process that involves sourcing, screening, selecting, and hiring candidates for job openings. When a candidate is hired from the recruiting system, they are automatically created as a pending worker in the HR system, and can be later converted to an employee or a contingent worker. Talent management processing, pending worker self register, and compensation processing are not sources of pending workers, but rather processes that involve managing the performance, development, career, and rewards of existing workers . Reference: [Oracle Recruiting Cloud User Guide], [Oracle Recruiting Cloud Implementation Guide], [Oracle Talent Management Cloud User Guide], [Oracle Career Development Cloud User Guide], [Oracle Compensation Cloud Implementation Guide]
NEW QUESTION # 17
Glenn Systems has decided to use the batch scheduler functionality to automatically dis-tribute the Budget Vs Actual analysis reports via emails. Which feature of batch scheduler can they use to achieve this? (Choose the best Answer.)
- A. Explode
- B. Distribute
- C. Break Out
- D. Bursting
Answer: D
Explanation:
Bursting is the feature of batch scheduler that can be used to automatically distribute the Budget Vs Actual analysis reports via emails. Bursting enables you to split a single report based on a key value, such as business unit or ledger, and deliver each report segment to a different recipient or destination, such as email or printer1. Reference: Oracle Financials Business Process Foundations Associate Rel 2
NEW QUESTION # 18
Which three Cash Management infolets do you find in the Analytics section of the home page?
- A. Unreconciled
- B. External Transactions
- C. Project Interest Amount
- D. Cash Balance
- E. Missing Statements
Answer: A,D,E
Explanation:
The three Cash Management infolets that you find in the Analytics section of the home page are:
Cash Balance: This infolet shows the total cash balance across all bank accounts and currencies. It also provides a graphical representation of the cash balance trend over time.
Missing Statements: This infolet shows the number of bank accounts that have missing statements for a given period. It also provides a list of the bank accounts with missing statements and their respective statement dates.
Unreconciled: This infolet shows the number and amount of unreconciled transactions for a given period. It also provides a breakdown of the unreconciled transactions by transaction type and currency. External Transactions and Project Interest Amount are not Cash Management infolets. They are related to other financial processes, such as Bank Transaction to Position and Budget to Report. Reference: Oracle Financials Business Process Foundations Associate Rel 2, page 21-22.
NEW QUESTION # 19
Which three attributes can be used as selection criteria when submitting a payment process request? (Choose three.)
- A. Pay Through Date
- B. Invoice Type
- C. Payment Terms
- D. Pay Groups
- E. Supplier Type
Answer: A,B,D
Explanation:
These are three attributes that can be used as selection criteria when submitting a payment process request. A payment process request is a request to pay one or more invoices or other payments within a single payment batch. You can use various attributes to filter and select the invoices or payments that you want to include in the payment process request2. Some of these attributes are:
Invoice Type: This attribute allows you to select invoices based on their type, such as standard, credit memo, debit memo, prepayment, or interest.
Pay Through Date: This attribute allows you to select invoices based on their due date or discount date. Only invoices that are due or eligible for discount on or before the pay through date are selected.
Pay Groups: This attribute allows you to select invoices based on their pay group, which is a grouping of invoices that share common payment attributes, such as payment method, payment priority, or payment terms. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 20
Chargeback will
- A. The Invoice amount is not touched and create another Credit Item
- B. The Invoice amount is not touched and create another debit Item
- C. Increase the Invoice amount left and create another debit Item
- D. Decrease the Invoice amount left and create another debit Item
Answer: D
Explanation:
Chargeback will decrease the invoice amount left and create another debit item. Chargeback is a process of applying an unpaid invoice amount to a new invoice. It reduces the balance due on the original invoice and creates a new invoice with a new due date and a new transaction number. Reference: Oracle Financials Business Process Foundations Associate Rel 2, page 13-14.
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. Element Entry
- C. Web Clock
- D. Time Sheets
- E. Third Party Device
Answer: A,B,D
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
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. Percent Current
- B. Promise to Pay
- C. Days Sales Outstanding
- D. Average Days Delinquent
- E. Collector Effective Index
Answer: D
Explanation:
Average Days Delinquent is the key performance indicator that will help you to perform an analysis based on the difference between the date of settlement and the due date of payment of invoice. Average Days Delinquent is a measure of how long it takes for customers to pay their overdue invoices. It is calculated by dividing the total number of delinquent days by the number of delinquent invoices. It indicates the average delay in payment and the effectiveness of your collections efforts1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 23
John is working as a Cash Manager for Glenn Systems and regularly uses the Unreconciled infolet to review the unreconciled Bank Statement Lines and System Transactions. He is not able to find the details of some transactions on this infolet because there is a limitation for the number of days for which the data appears on this infolet. Identify the number of days for which data appears on this infolet.? (Choose the best Answer.)
- A. last 65 days
- B. last 45 days
- C. last 50 days
- D. last 55 days
Answer: B
Explanation:
The Unreconciled infolet displays data for the last 45 days by default. The Unreconciled infolet is an infolet that shows the unreconciled bank statement lines and system transactions for your bank accounts. You can use it to monitor and reconcile your cash transactions with your bank statements. You can also change the number of days for which data appears on this infolet by using the filter option1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 24
Your organization has hired Steven Johns who will be responsible for analyzing the financial performance and providing feedback for better decision making. Which job role will help Steven Johns to perform his job in the organization? (Choose the best Answer.)
- A. General Accountant
- B. Financial Analyst
- C. Cash Manager
- D. General Accounting Manager
Answer: B
Explanation:
Financial Analyst is the job role that will help Steven Johns to perform his job in the organization. Financial Analyst is responsible for analyzing the financial performance and providing feedback for better decision making. Financial Analyst can use various reporting tools, such as Financial Reporting Web Studio, Smart View, Account Inspector, and Account Monitor, to create and view financial reports, dashboards, charts, and graphs. Financial Analyst can also perform variance analysis, trend analysis, what-if analysis, and drill down to transaction details2. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 25
Which Absence-related data can an employee access apart from being able to add an absence and review existing absences?
- A. Absence Calculation Rules
- B. Plan Balances
- C. Absence Processing Rules
- D. Balance Adjustment Requests
Answer: B
Explanation:
Employees can access their plan balances from the Absence Balance page, which shows the current balance and projected balance for each absence plan they are enrolled in1. Absence calculation rules and absence processing rules are not visible to employees, but only to administrators2. Balance adjustment requests are not a type of absence-related data, but a type of action that employees can perform to request changes to their plan balances3. Reference: Oracle Absence Management Cloud User Guide, Oracle Absence Management Cloud Implementation Guide, Oracle Global Human Resources Cloud User Guide
NEW QUESTION # 26
As the Director of IT, you understand that security roles are important to your organization and would like employee profiles to be kept as confidential as possible and to be viewed and managed by the employee and their manager. Apart from an employee and manager, what other role is able to add goals to an employee's development plan?
- A. An Implementer
- B. An HR Specialist
- C. An IT Specialist
- D. An Administrator
Answer: B
Explanation:
Apart from an employee and manager, another role that is able to add goals to an employee's development plan is an HR specialist, which is a type of user that has access to the HR Specialist role in Oracle HCM Cloud. An HR specialist can add goals to an employee's development plan from the Manage Development Goals page, where they can select the employee and the goal plan, and then create new goals or copy existing goals from other sources. An administrator, an IT specialist, and an implementer are not roles that are able to add goals to an employee's development plan, because they do not have access to the HR Specialist role or the Manage Development Goals page in Oracle HCM Cloud. Reference: [Oracle Global Human Resources Cloud User Guide], Oracle Global Human Resources Cloud User Guide
NEW QUESTION # 27
Which four statements are true about an effective subledger period close? (Choose four.)
- A. Fixed Assets must be closed before Payables.
- B. Fixed Assets must be closed before Receivables.
- C. Payable must be closed before Projects.
- D. Payable must be closed before closing Fixed Assets.
- E. Projects must be closed before Fixed Assets.
Answer: A,B,C,E
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 # 28
Which of the following statements are true for closing Ledgers? (Choose two)
- A. The Revalue Balance process will translate the balances from ledger currency to foreign currency.
- B. Subledgers should be closed before General Ledger.
- C. Third-party system transactions should be imported before General Ledger close
- D. Close Status shows the accounting period by Single Ledger only.
Answer: B,C
Explanation:
The statements that are true for closing ledgers are third-party system transactions should be imported before General Ledger close and subledgers should be closed before General Ledger. Third-party system transactions should be imported before General Ledger close is a true statement for closing ledgers because it ensures that all external transactions that affect the general ledger balances are accounted for and reconciled before closing the accounting period. Subledgers should be closed before General Ledger is a true statement for closing ledgers because it ensures that all subledger transactions that affect the general ledger balances are accounted for, transferred, and reconciled before closing the accounting period. The Revalue Balance process will translate the balances from ledger currency to foreign currency and close status shows the accounting period by single ledger only are not true statements for closing ledgers, but rather false statements that do not reflect the actual functionality or behavior of the system. The Revalue Balance process will translate the balances from foreign currency to ledger currency, not vice versa. Close status shows the accounting period by multiple ledgers or ledger sets, not by single ledger only. Reference: [Oracle Financials Cloud User Guide], [Oracle Financials Cloud User Guide], [Oracle Financials Cloud User Guide], [Oracle Financials Cloud User Guide]
NEW QUESTION # 29
Which four factors are responsible for calculating taxes on Receivables transactions? (Choose four.)
- A. Programs
- B. Processes
- C. Plans
- D. Parties
- E. Places
- F. Products
Answer: B,C,D,E,F
Explanation:
These are the four factors that are responsible for calculating taxes on Receivables transactions. Products are the goods or services that are sold, and they may have different tax rates or exemptions. Plans are the pricing or discounting schemes that may affect the taxable amount. Processes are the business flows or events that trigger tax calculation, such as invoicing, adjusting, or crediting. Parties are the entities involved in the transaction, such as customers, suppliers, or legal entities, and they may have different tax statuses or registrations. Places are the locations where the transaction occurs or where the products are delivered, and they may have different tax jurisdictions or rules1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 30
Ganesh works for Glenn Systems as a General Accountant and he has a requirement to create periodic allocations at the end of the month to distribute welfare expenses. The allocations will be based on headcounts in each department. In which currency should the journal entry be created to load the headcounts? (Choose the best Answer.)
- A. Ledger Currency
- B. Statistical Currency
- C. Reporting Currency
- D. Foreign Currency
Answer: B
Explanation:
Statistical Currency is the currency that you should use to create the journal entry to load the headcounts. Statistical Currency is a special currency that is used to record non-monetary values, such as headcounts, units, or hours. You can use Statistical Currency to create allocation journals based on non-monetary bases or drivers1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 31
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