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Oracle 1z0-1107-2 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Invoice to Cash Process20%- Accounts Receivable Processes
  • 1. Collections Management
  • 2. Revenue Recognition
  • 3. Receipt Processing
  • 4. Customer Management
  • 5. Invoice Creation
Topic 2: Asset Acquisition to Retirement15%- Fixed Assets Lifecycle
  • 1. Depreciation
  • 2. Asset Transfer
  • 3. Asset Capitalization
  • 4. Asset Acquisition
  • 5. Asset Retirement
Topic 3: Oracle Cloud Financials Overview10%- Financials Business Models
  • 1. Financial Management Concepts
  • 2. Oracle Fusion Cloud Financials Overview
  • 3. Business Process Architecture
  • 4. Enterprise Structures
Topic 4: Accounting Transformation15%- Subledger Accounting
  • 1. Posting to General Ledger
  • 2. Financial Data Integration
  • 3. Journal Processing
  • 4. Accounting Entries
Topic 5: Budget to Report Process20%- Financial Planning and Reporting
  • 1. Period Close Process
  • 2. Business Intelligence and Analytics
  • 3. Budget Management
  • 4. Forecasting
  • 5. Financial Reporting
Topic 6: Procure to Pay Process20%- Accounts Payable Processes
  • 1. Invoice Processing
  • 2. Payment Processing
  • 3. Cash Reconciliation
  • 4. Expense Reimbursement
  • 5. Supplier Management

Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:

Question #1

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. Calculation Manager Consolidation
  • B. Oracle Hyperion Financial Management Consolidation
  • C. Balance Transfer Consolidation
  • D. Reporting only Consolidation
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #2

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

  • A. bank charges
  • B. bank interest
  • C. late charges on delayed customer payments
  • D. penalty for delayed supplier payments
Reveal Solution  Discussion  0

Correct Answer: A,B  🗳️

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Question #3

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. Asset to Retirement
  • B. Procure to Pay
  • C. Invoice to Cash
  • D. Budget to Report
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #4

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. Break Out
  • B. Distribute
  • C. Bursting
  • D. Explode
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #5

Glenn Systems owns a luxury car and they want to restrict the amount of depreciation that should be charged to this asset in a particular period. Which two types of depreciation ceiling can they use to achieve this? (Choose two.)

  • A. Depreciation Rate Ceiling
  • B. Depreciation Cost Ceiling
  • C. Depreciation Period Ceiling
  • D. Depreciation Expense Ceiling
Reveal Solution  Discussion  0

Correct Answer: B,D  🗳️

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