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Oracle 1z0-1107-2 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Budget to Report Process | 20% | - Period close procedures - Budgeting and forecasting - Financial reporting and analysis - Transaction capture and processing |
| Topic 2: Accounting Transformation Process | 20% | - Subledger Accounting overview - Transaction accounting creation - Reconciliation and period close - Transfer to General Ledger |
| Topic 3: Invoice to Cash Process | 20% | - Accounts Receivable transactions - Receipts and applications - Overview of Invoice to Cash flow - Tax handling in AR - Statements and collections |
| Topic 4: Procure to Payment Process | 20% | - Invoices and payments - Overview of Procure to Payment flow - Expenses and reimbursement - Accounts Payable taxes - Cash reconciliation |
| Topic 5: Asset Acquisition to Retirement Process | 20% | - Retirement and disposal - Asset lifecycle overview - Depreciation and adjustments - Transfers and reclassifications - Acquisition and addition |
Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:
1. 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) Define BFB Billing Cycle > Define BFB Payment Terms > Enable BFB in the Customer Profile > Attach BFB Payment Terms to Customer
C) Enable BFB in the Customer Profile > Define BFB Payment Terms > Define BFB Billing Cycle > Attach BFB Payment Terms to Customer
D) Define BFB Payment Terms > Attach BFB Payment Terms to Customer > Enable BFB in the Customer Profile > Define BFB Billing Cycle
2. Ganesh is trying to import a journal from an external system and he has encountered an error. Which are three reasons for the error? (Choose three.)
A) Accounting Period is Closed.
B) Accounting Date is in a Future Period.
C) Accounting Date is in a Closed Period.
D) Accounting Date is in an Open Period.
E) Journal Source for the external system has not been defined.
3. Easy Solutions INC has decided to set up a meals expense policy and you have been given the responsibility to define the policy. Identify the correct sequence of steps that should be per-formed to define the meals expense policy? (Choose the best Answer.)
A) Associating the Meals Expense Policy with an Expense Type > Setting up Policy Violations > Setting up a Meals Policy > Associating the Meals Expense Policy with an Expense Type
B) Completing the Meals Rate Spreadsheet > Setting up Policy Violations > Setting up a Meals Policy > Associating the Meals Expense Policy with an Expendim Type
C) Setting up Policy Violations > Setting up a Meals Policy > Completing the Meals Rate Spreadsheet > Associating the Meals Expense Policy with an Expense Type
D) Setting up a Meals Policy > Setting up Policy Violations > Completing the Meals Rate Spreadsheet > Associating the Meals Expense Policy with an Expense Type
4. Robert works as an Asset Accountant for Glenn Systems and tracks the transactions that require attention by using the Additions infotile in the Assets work are a. Which three statuses can he track by using this infotile? (Choose three.)
A) Merged
B) Incomplete
C) Ready to Transfer
D) Ready to Post
E) Exceptions
5. Glenn Systems has decided to create accounting for payments at the time of issuing, as well as at the time of clearing the payments. Which accounting entry will be generated by the sys-tem when the payment gets reconciled with a bank statement line? (Choose the best Answer.)
A) Debit-Expense Credit-Cash Account
B) Debit-AP Liability Credit-Cash Account
C) Debit Cash Clearing Account Credit-Cash Account
D) Debit -AP Liability Credit-Cash Clearing Account
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A,B,C | Question # 3 Answer: D | Question # 4 Answer: B,D,E | Question # 5 Answer: C |
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