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NEW QUESTION # 21
Which technology helps in calculating and recommending discounts for single payments in Oracle Payments? (Choose the best Answer.)
- A. Internet of Things
- B. Machine Learning
- C. 4. Digital Assistant
- D. Adaptive Intelligence
Answer: D
Explanation:
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
NEW QUESTION # 22
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 GetThere.
- C. Oracle Expenses Cloud supports direct integration only with TripActions.
- D. Oracle Expenses Cloud supports direct integration only with Concur.
Answer: A,C
Explanation:
These are two true statements about Oracle Expenses Cloud integration with travel partners. Oracle Expenses Cloud supports direct integration only with TripActions, which is a travel management platform that offers personalized travel options, rewards, and insights. TripActions users can seamlessly sync their travel bookings and receipts with Oracle Expenses Cloud for faster expense reporting3. Oracle Expenses Cloud also supports integration with other partners through Rest APIs, which are web services that allow communication between different systems using standard protocols. Rest APIs enable Oracle Expenses Cloud to exchange data with other travel partners or third-party applications4. Reference: Oracle Financials Business Process Foundations Associate Rel 2, Oracle Expenses Cloud REST API Reference
NEW QUESTION # 23
An employee has created a learning community about graphic designing. She has kept the community open to members. She branded the community and uploaded a video to show how a particular design was created. Members of that learning community have the option to view and comment on the designs that are uploaded. What is another action that members can do to the learning communities they are a part of?
- A. Delete the community page
- B. Invite members from another community to share feedback
- C. Upload videos
- D. Make the community private
Answer: C
Explanation:
Members of a learning community can upload videos to share their knowledge and skills with other members. Uploading videos is one of the ways that members can contribute to the learning community and enhance their learning experience. Deleting the community page, making the community private, and inviting members from another community are not actions that members can do to the learning communities they are a part of, but rather actions that only the community owner or administrator can do. Reference: [Oracle Learning Cloud User Guide], [Oracle Learning Cloud User Guide]
NEW QUESTION # 24
Which accounting engine is used to define the rules that help in generating the accounting entries for transactions such as supplier invoices and payments or customer invoices and receipts? (Choose the best Answer.)
- A. General Ledger
- B. Essbase Cube
- C. Business Intelligence
- D. Subledger Accounting (SLA)
Answer: D
Explanation:
Subledger Accounting (SLA) is the accounting engine that is used to define the rules that help in generating the accounting entries for transactions such as supplier invoices and payments or customer invoices and receipts. SLA provides a common platform for all subledger applications to create accounting entries based on user-defined rules and mappings. SLA also provides tools for reporting, inquiry, and analysis of subledger journal entries1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 25
Which four statements are true about an effective subledger period close? (Choose four.)
- A. Payable must be closed before Projects.
- B. Fixed Assets must be closed before Payables.
- C. Payable must be closed before closing Fixed Assets.
- D. Projects must be closed before Fixed Assets.
- E. Fixed Assets must be closed before Receivables.
Answer: A,B,D,E
Explanation:
These are four true statements about an effective subledger period close. A subledger period close is a process that ensures that all transactions and adjustments in a subledger application, such as Projects, Payables, Fixed Assets, or Receivables, are accounted and transferred to General Ledger for a given period. To perform an effective subledger period close, you need to follow a recommended sequence of steps and dependencies among different subledger applications1. Some of these steps and dependencies are:
Projects must be closed before Fixed Assets, which means that you need to ensure that all project-related transactions and adjustments are accounted and transferred to General Ledger before creating or adjusting any assets from projects in Fixed Assets.
Payable must be closed before Projects, which means that you need to ensure that all supplier invoice and payment transactions and adjustments are accounted and transferred to General Ledger before creating or adjusting any project expenditures from Payables in Projects.
Fixed Assets must be closed before Payables, which means that you need to ensure that all asset addition, depreciation, adjustment, and retirement transactions and adjustments are accounted and transferred to General Ledger before creating or adjusting any supplier invoices from assets in Payables.
Fixed Assets must be closed before Receivables, which means that you need to ensure that all asset-related transactions and adjustments are accounted and transferred to General Ledger before creating or adjusting any customer invoices from assets in Receivables. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 26
Which step is not part of the dispute management process?
- A. Receiving dispute cases
- B. Initiating refund
- C. Credit memo creation and approval
- D. Receipt application
Answer: D
Explanation:
The step that is not part of the dispute management process is receipt application, which is a process that involves applying customer payments to invoices or other transactions. Receipt application is not part of the dispute management process, but rather part of the Invoice to Cash process, which involves billing customers and collecting payments for goods or services. Initiating refund, receiving dispute cases, and credit memo creation and approval are steps that are part of the dispute management process, which is a process that involves resolving customer disputes over invoices or other transactions. Initiating refund is a step that involves issuing a refund to the customer for the disputed amount. Receiving dispute cases is a step that involves creating and tracking dispute cases for each customer dispute. Credit memo creation and approval is a step that involves creating and approving credit memos for the disputed transactions. Reference: Oracle Receivables Cloud User Guide, Oracle Receivables Cloud User Guide, Oracle Receivables Cloud User Guide, Oracle Receivables Cloud User Guide
NEW QUESTION # 27
The Director of Sales and the Director of Learning Enablement have a meeting to discuss future training needs for the direct reports of the Director of Sales. They notice a desire in this team to have more leadership training. The Director of Learning decides that a learning community on Leadership would be beneficial for the team. What type of learning community does the Director of Learning create to enable this?
- A. Self-Service
- B. Catalog
- C. My Learning
- D. Leadership Skills
Answer: D
Explanation:
The type of learning community that the Director of Learning creates to enable leadership training for the team is leadership skills, which is one of the predefined types of learning communities that are available in Oracle Learning Cloud. Leadership skills learning communities are designed to help workers develop their leadership potential and competencies by providing access to relevant learning content and activities, as well as connecting them with mentors and peers who can guide and support them. Self-service, catalog, and my learning are not types of learning communities, but rather features or pages in Oracle Learning Cloud. Self-service allows workers to create their own learning communities or join existing ones. Catalog allows workers to browse and enroll in learning offerings such as courses, programs, or certifications. My learning allows workers to view and manage their learning progress and achievements. Reference: [Oracle Learning Cloud User Guide], [Oracle Learning Cloud User Guide], [Oracle Learning Cloud User Guide], Oracle Learning Cloud User Guide
NEW QUESTION # 28
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.)
- A. Tax Tester
- B. Tax Estimator
- C. Tax Simulator
- D. Tax Manager
Answer: C
Explanation:
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
NEW QUESTION # 29
Invoice Number S10231234 for USD 1000 was raised for the customer "Business World" on 1st January 2022 with a payment term of 30 days. This invoice became due on 31st January 2022, but the customer has not yet made the payment due to an unresolved dispute. Which subprocess in the Invoice to Cash life cycle flow helps you to manage and resolve disputes for such type of delinquent invoices?
- A. Customer Contract to Revenue
- B. Customer Invoice to Receipt
- C. Customer Statement to Collection
- D. Bank Transaction to Position
Answer: C
Explanation:
The subprocess in the Invoice to Cash life cycle flow that helps you to manage and resolve disputes for delinquent invoices is Customer Statement to Collection. This subprocess involves sending statements and collection letters to customers who have outstanding balances, managing disputes and deductions, and initiating collection actions. The other three subprocesses are not related to managing and resolving disputes for delinquent invoices. They are:
Bank Transaction to Position: This subprocess involves importing bank statements, reconciling bank transactions with system transactions, and reporting cash positions.
Customer Contract to Revenue: This subprocess involves creating and managing customer contracts, generating revenue and billing events based on contract terms and conditions, and recognizing revenue according to accounting standards.
Customer Invoice to Receipt: This subprocess involves creating and sending invoices to customers for the goods or services delivered, recording and applying customer payments to outstanding invoices, and sending reminders or dunning letters to customers who have overdue invoices. Reference: Oracle Financials Business Process Foundations Associate Rel 2, page 17-18.
NEW QUESTION # 30
What terminology is used to label people who were referred for a job requisition or added to a job requisition but who haven't yet completed their job application?
- A. Referred
- B. Applicant
- C. Candidate
- D. Prospect
Answer: D
Explanation:
The terminology used to label people who were referred for a job requisition or added to a job requisition but who haven't yet completed their job application is prospect, which is a type of candidate that has not yet applied for a job but has been identified as a potential fit by a recruiter, a hiring manager, or an employee referral. Prospects can be converted to applicants once they complete their job application and submit their resume. Applicant, referred, and candidate are not terminology used to label people who were referred for a job requisition or added to a job requisition but who haven't yet completed their job application, but rather types of candidates that have different statuses or sources in the recruiting system. Applicant is a type of candidate that has applied for a job and submitted their resume. Referred is a source of candidate that indicates that the candidate was referred by an existing employee. Candidate is a generic term that encompasses both prospects and applicants. Reference: [Oracle Recruiting Cloud User Guide], [Oracle Recruiting Cloud User Guide], [Oracle Recruiting Cloud User Guide], [Oracle Recruiting Cloud User Guide], Oracle Recruiting Cloud User Guide
NEW QUESTION # 31
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. digital Assistant
- C. Adaptive Intelligence
- D. Blockchain
Answer: B
Explanation:
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
NEW QUESTION # 32
Which Absence-related data can an employee access apart from being able to add an absence and review existing absences?
- A. Absence Processing Rules
- B. Absence Calculation Rules
- C. Plan Balances
- D. Balance Adjustment Requests
Answer: C
Explanation:
Employees can access their plan balances from the Absence Balance page, which shows the current balance and projected balance for each absence plan they are enrolled in1. Absence calculation rules and absence processing rules are not visible to employees, but only to administrators2. Balance adjustment requests are not a type of absence-related data, but a type of action that employees can perform to request changes to their plan balances3. Reference: Oracle Absence Management Cloud User Guide, Oracle Absence Management Cloud Implementation Guide, Oracle Global Human Resources Cloud User Guide
NEW QUESTION # 33
Glenn Systems runs an advertising campaign on a monthly basis for which the expenses are incurred by the Head Office. They have a requirement to distribute the advertising ex-penses by each line of business at the end of a period. Which tool can they use to automate the distribution at the end of a period? (Choose the best Answer.)
- A. BI Publisher
- B. Close Monitor
- C. Calculation Manager
- D. Account Group
Answer: C
Explanation:
Calculation Manager is the tool that you can use to automate the distribution of the advertising expenses by each line of business at the end of a period. Calculation Manager is a tool that enables you to create and manage allocation rules that define how to distribute amounts from a source to one or more destinations based on various criteria, such as percentages, ratios, or formulas. You can schedule and run allocation rules periodically or on demand1. Reference: Oracle Financials Business Process Foundations Associate Rel 2
NEW QUESTION # 34
Your organization has recently made changes to one of the accounting rules to comply with the new accounting requirement. In which mode will you generate the accounting to verify that the changes made to the rule are producing the desired accounting entries before generating the final accounting? (Choose the best Answer.)
- A. Temporary
- B. Interim
- C. Provisional
- D. Draft
Answer: D
Explanation:
Draft is the mode that you will use to generate the accounting to verify that the changes made to the rule are producing the desired accounting entries before generating the final accounting. Draft mode allows you to create accounting entries that are not final and can be deleted or modified later. You can use draft mode to test your accounting rules and verify the accuracy of your accounting entries before posting them to General Ledger1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 35
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. Oracle Hyperion Financial Management Consolidation
- B. Calculation Manager Consolidation
- C. Reporting only Consolidation
- D. Balance Transfer Consolidation
Answer: A
Explanation:
Oracle Hyperion Financial Management Consolidation is a comprehensive, web-based application that delivers global financial consolidation, reporting and analysis in a single, highly scalable software solution. It supports multiple currencies, intercompany eliminations, minority interest calculations, ownership management, and statutory and management reporting1. It is suitable for consolidating the financial balances of the Germany entity with the parent entity in the USA, as they have different chart of accounts and calendar. Reference: Oracle Financials Business Process Foundations Associate Rel 2
NEW QUESTION # 36
What is the name of Oracle's Chatbot?
- A. Oracle Information
- B. Oracle Digital Assistant
- C. Oracle Help
- D. Oracle Chatbot
Answer: B
Explanation:
Oracle Digital Assistant is the name of Oracle's chatbot platform that enables users to interact with various applications and services through natural language conversations. Oracle Chatbot, Oracle Information, and Oracle Help are not names of Oracle's chatbot platform, but rather generic terms that do not reflect the capabilities and features of the platform. Reference: [Oracle Digital Assistant User Guide]
NEW QUESTION # 37
Your company will be using compensation history to display compensation for employees and managers. What are the 4 groups of compensation history that will be displayed? (Choose four.)
- A. Stock
- B. Salary
- C. Recurring Payments
- D. Other Compensation
- E. Benefits
- F. Payroll
Answer: B,C,E,F
Explanation:
The compensation history page displays the compensation for employees and managers in four groups: recurring payments, benefits, salary, and payroll1. Recurring payments include any regular earnings or deductions that are not part of the base salary, such as allowances, bonuses, commissions, or taxes2. Benefits include any employer-provided or employee-elected benefits that have a monetary value, such as health insurance, retirement plans, or stock options3. Salary includes the base salary and any salary changes that occurred during the selected period. Payroll includes the payroll results and payslips for each payroll period that the employee was paid in. Other compensation and stock are not groups of compensation history, but rather types of compensation that may fall under one of the four groups. Reference: Oracle Compensation Cloud User Guide, Oracle Global Payroll Cloud User Guide, Oracle Benefits Cloud User Guide, [Oracle Global Human Resources Cloud User Guide], [Oracle Global Payroll Cloud User Guide]
NEW QUESTION # 38
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 ledger for which the accounting entries can be generated.
- B. Process Category helps you to restrict the subledger application for which the account-ing entries can be generated
- C. Process Category helps you to restrict the events selected for accounting and it is useful for segmenting events based on processing volumes.
- D. Process Category helps you to restrict the accounting mode as Draft or Final based on which the accounting entries should be generated.
Answer: C
Explanation:
Process Category is an optional parameter that can be selected while submitting the create accounting job to generate accounting entries on a periodic basis. It helps you to restrict the events selected for accounting and it is useful for segmenting events based on processing volumes. For example, you can create different process categories for high-volume and low-volume transactions, or for different subledger applications2. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 39
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