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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 Jan 19, 2025.
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Question No. 1

Which four factors are responsible for calculating taxes on Receivables transactions? (Choose four.)

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Correct Answer: A, B, C, E, F

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


Question No. 2

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? (Choose the best Answer.)

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Correct Answer: C

Digital Assistant is the technology that will help your organization achieve the solution of enabling their employees to submit expenses by using opt such as SMS or Microsoft Teams. Digital Assistant is a conversational interface that allows users to interact with various applications and services through natural language.Users can use Digital Assistant to create and submit expense reports, attach receipts, review approvals, and check reimbursements using their preferred channels, such as SMS, Microsoft Teams, Slack, or Facebook Messenger2.Reference:Oracle Financials Business Process Certified Foundations Associate Rel 1


Question No. 3

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.)

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Correct Answer: D

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


Question No. 4

Which tool do you use to preview the workings of your tax configuration before you per-form tax calculations on live transactions in a subledger application? (Choose the best Answer.)

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Correct Answer: D

Tax Simulator is the tool that you use to preview the workings of your tax configuration before you perform tax calculations on live transactions in a subledger application. Tax Simulator allows you to enter transaction details and view the expected tax results based on your tax setup.You can also compare different tax scenarios and review the tax determination factors and rules that are applied2.Reference:Oracle Financials Business Process Certified Foundations Associate Rel 1


Question No. 5

Cash Management provides you the flexibility to create external transactions. Which two types of transactions can be categorized as external? (Choose two.)

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Correct Answer: C, D

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


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