• Exam Code: 1z0-1107-2
  • Exam Name: Oracle Financials Business Process Foundations Associate Rel 2
  • Certification Provider: Oracle
  • Corresponding Certification:Oracle Foundation
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Oracle 1z0-1107-2 Exam Syllabus Topics:

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

Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:

Question 1

Which two statements are true about Oracle Expenses Cloud integration with travel partners? (Choose two.)

A. Oracle Expenses Cloud supports integration with other partners through Rest APIs.
B. Oracle Expenses Cloud supports direct integration only with TripActions.
C. Oracle Expenses Cloud supports direct integration only with Concur.
D. Oracle Expenses Cloud supports direct integration only with GetThere.


Question 2

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 > Define BFB Billing Cycle > Enable BFB in the Customer Profile > Attach BFB Payment Terms to Customer
B. Enable BFB in the Customer Profile > Define BFB Payment Terms > Define BFB Billing Cycle > Attach BFB Payment Terms to Customer
C. Define BFB Payment Terms > Attach BFB Payment Terms to Customer > Enable BFB in the Customer Profile > Define BFB Billing Cycle
D. Define BFB Billing Cycle > Define BFB Payment Terms > Enable BFB in the Customer Profile > Attach BFB Payment Terms to Customer


Question 3

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.)

A. IOT
B. Adaptive Intelligence
C. Blockchain
D. digital Assistant


Question 4

Your manager is about to schedule the create accounting job to generate accounting entries on a periodic basis. Process Category is one of the parameters that could be optionally selected while submitting this job and your manager wants to know its relevance. What will be your response? (Choose the best Answer.)

A. Process Category helps you to restrict the accounting mode as Draft or Final based on which the accounting entries should be generated.
B. Process Category helps you to restrict the ledger for which the accounting entries can be generated.
C. Process Category helps you to restrict the subledger application for which the account-ing entries can be generated
D. Process Category helps you to restrict the events selected for accounting and it is useful for segmenting events based on processing volumes.


Question 5

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. Balance Inspector
C. Account Tracker
D. Account Inspector


Solutions:

Question 1
Answer: A,B
Question 2
Answer: D
Question 3
Answer: D
Question 4
Answer: D
Question 5
Answer: C

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