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Most Recent Oracle 1z0-1107-2 Exam Questions & Answers


Prepare for the Oracle Financials Business Process Foundations Associate Rel 2 exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the Oracle 1z0-1107-2 exam and achieve success.

The questions for 1z0-1107-2 were last updated on Dec 18, 2024.
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Question No. 1

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.)

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Correct Answer: B

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


Question No. 2

One of the internal auditors in your organization is reviewing subledger journals and want more details about the rules that were used to generate these journals. What would you use to review these rules? (Choose the best Answer.)

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Correct Answer: C

The Analyze Journal Entry page is the tool that you can use to review the rules that were used to generate subledger journals. The Analyze Journal Entry page allows you to view the details of subledger journal entries, such as source, category, ledger, accounting date, and status.You can also drill down to the subledger accounting events and lines, and view the accounting rules and mappings that were applied to create the journal entries1.Reference:Oracle Financials Business Process Certified Foundations Associate Rel 1


Question No. 3

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.)

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Correct Answer: D

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


Question No. 4

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.)

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Correct Answer: B

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


Question No. 5

Which technology helps in calculating and recommending discounts for single payments in Oracle Payments? (Choose the best Answer.)

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Correct Answer: A

Adaptive Intelligence is the technology that helps in calculating and recommending discounts for single payments in Oracle Payments.Adaptive Intelligence uses machine learning and data science to analyze historical payment data and provide optimal discount suggestions based on various factors, such as payment amount, due date, supplier profile, and cash flow1.Reference:Oracle Financials Business Process Foundations Associate Rel 2


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