Oracle 1z0-1107-2 Test Engine Practice Test Questions, Exam Dumps

100% Free 1z0-1107-2 Daily Practice Exam With 48 Questions

NEW QUESTION # 19
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. Close Monitor
• B. Calculation Manager
• C. Account Group
• D. BI Publisher

Answer: B

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 # 20
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 Invoice to Receipt
• B. Customer Contract to Revenue
• C. Bank Transaction to Position
• D. Customer Statement to Collection

Answer: D

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 # 21
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. Setting up Policy Violations > Setting up a Meals Policy > Completing the Meals Rate Spreadsheet > 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. 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
• D. Setting up a Meals Policy > Setting up Policy Violations > Completing the Meals Rate Spreadsheet > Associating the Meals Expense Policy with an Expense Type

Answer: D

NEW QUESTION # 22
One of the internal auditors in your organization is reviewing subledger journals and want more details about the rules that were used to generate these journals. What would you use to review these rules? (Choose the best Answer.)

• A. the Account Override page
• B. the Analyze Journal Entry page
• C. Account Monitor
• D. the Create Journals page

Answer: B

Explanation:
The Analyze Journal Entry page is the tool that you can use to review the rules that were used to generate subledger journals. The Analyze Journal Entry page allows you to view the details of subledger journal entries, such as source, category, ledger, accounting date, and status. You can also drill down to the subledger accounting events and lines, and view the accounting rules and mappings that were applied to create the journal entries1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1

NEW QUESTION # 23
Your executive team likes the information that gets displayed in the budget worksheet, but they would like to change the order in which the columns appear. How would you accomplish this task?

• A. Use the default sequence field for each column.
• B. You cannot change the order in which the columns appear.
• C. Use the display order for each column.
• D. Drag the columns to appear in the order that you want them.

Answer: C

Explanation:
The way to accomplish the task of changing the order in which the columns appear in the budget worksheet is to use the display order for each column, which is a field that determines the sequence of the columns from left to right in the budget worksheet. The display order can be set or modified from the Configure Budget Worksheet page, where each column can be assigned a numerical value that indicates its position in the budget worksheet. You cannot change the order in which the columns appear, use the default sequence field for each column, and drag the columns to appear in the order that you want them are not ways to accomplish the task of changing the order in which the columns appear in the budget worksheet, but rather incorrect or invalid options that do not reflect the actual functionality or behavior of the system. Reference: [Oracle Compensation Cloud User Guide], [Oracle Compensation Cloud User Guide]

NEW QUESTION # 24
John is working as a Cash Manager for Glenn Systems and regularly uses the Unreconciled infolet to review the unreconciled Bank Statement Lines and System Transactions. He is not able to find the details of some transactions on this infolet because there is a limitation for the number of days for which the data appears on this infolet. Identify the number of days for which data appears on this infolet.? (Choose the best Answer.)

• A. last 45 days
• B. last 55 days
• C. last 65 days
• D. last 50 days

Answer: A

Explanation:
The Unreconciled infolet displays data for the last 45 days by default. The Unreconciled infolet is an infolet that shows the unreconciled bank statement lines and system transactions for your bank accounts. You can use it to monitor and reconcile your cash transactions with your bank statements. You can also change the number of days for which data appears on this infolet by using the filter option1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1

NEW QUESTION # 25
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-AP Liability Credit-Cash Account
• B. Debit -AP Liability Credit-Cash Clearing Account
• C. Debit Cash Clearing Account Credit-Cash Account
• D. Debit-Expense Credit-Cash Account

Answer: C

Explanation:
This is the correct accounting entry for reconciling a payment with a bank statement line when the payment is accounted at both issuing and clearing time. The cash clearing account is debited to reduce the balance of the payment that was issued, and the cash account is credited to increase the balance of the cash that was cleared1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1

NEW QUESTION # 26
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. Upload videos
• B. Invite members from another community to share feedback
• C. Delete the community page
• D. Make the community private

Answer: A

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 # 27
Your manager has requested you to evaluate the attributes based on which the scoring is calculated in the collections business process. Which three attributes would you suggest to your manager? (Choose three.)

• A. Number of Unapplied Receipts
• B. Due Invoices
• C. Number of Delinquencies
• D. Number of Unidentified Receipts
• E. Delinquency Amo

Answer: B,C,E

Explanation:
These are three attributes that can be used to evaluate the scoring in the collections business process. Scoring is a process that assigns a numeric value to customers based on their payment behavior and credit risk. Scoring helps collections agents to prioritize their actions and focus on the most critical customers. Scoring can be based on various attributes, such as delinquency amount, number of delinquencies, due invoices, days sales outstanding, credit limit utilization, or payment performance1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1

NEW QUESTION # 28
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. Draft
• B. Provisional
• C. Interim
• D. Temporary

Answer: A

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 # 29
Chargeback will

• A. Decrease the Invoice amount left and create another debit Item
• B. The Invoice amount is not touched and create another debit Item
• C. Increase the Invoice amount left and create another debit Item
• D. The Invoice amount is not touched and create another Credit Item

Answer: A

Explanation:
Chargeback will decrease the invoice amount left and create another debit item. Chargeback is a process of applying an unpaid invoice amount to a new invoice. It reduces the balance due on the original invoice and creates a new invoice with a new due date and a new transaction number. Reference: Oracle Financials Business Process Foundations Associate Rel 2, page 13-14.

NEW QUESTION # 30
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. Journal Source for the external system has not been defined.
• B. Accounting Period is Closed.
• C. Accounting Date is in an Open Period.
• D. Accounting Date is in a Closed Period.
• E. Accounting Date is in a Future Period.

Answer: B,D,E

Explanation:
These are three possible reasons for the error when importing a journal from an external system. If the accounting period or the accounting date is closed, you cannot import journals for that period or date. If the accounting date is in a future period, you cannot import journals until the period is opened4. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1

NEW QUESTION # 31
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. Setting up Policy Violations > Setting up a Meals Policy > Completing the Meals Rate Spreadsheet > 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. 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
• D. Setting up a Meals Policy > Setting up Policy Violations > Completing the Meals Rate Spreadsheet > Associating the Meals Expense Policy with an Expense Type

Answer: D

Explanation:
This is the correct sequence of steps that should be performed to define the meals expense policy. A meals expense policy is a policy that defines the rules and limits for reimbursing meals expenses incurred by employees during their business trips. To set up a meals expense policy, you need to perform the following steps2:
Setting up a Meals Policy: This step involves creating a meals policy name, description, and effective dates.
Setting up Policy Violations: This step involves defining the conditions and actions for detecting and handling policy violations, such as warnings, errors, or audit flags.
Completing the Meals Rate Spreadsheet: This step involves entering the meal rates for different locations, currencies, and time periods in a spreadsheet template and uploading it to the system.
Associating the Meals Expense Policy with an Expense Type: This step involves linking the meals expense policy with an expense type that is used to categorize and report meals expenses. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1

NEW QUESTION # 32
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? (Choose the best Answer.)

• A. Customer Invoice to Receipt
• B. Customer Contract to Revenue
• C. Bank Transaction to Position
• D. Customer Statement to Collection

Answer: D

Explanation:
Customer Statement to Collection is the subprocess in the Invoice to Cash life cycle flow that helps you to manage and resolve disputes for delinquent invoices. It involves sending statements to customers, identifying overdue invoices, contacting customers, applying late charges, creating dispute cases, and applying adjustments or write-offs2. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1

NEW QUESTION # 33
Your organization has decided to use the automatic reconciliation feature to reconcile bank statement lines with system transactions. Which three components will be useful for the auto-matic reconciliation of bank statements with system transactions? (Choose three.)

• A. Parse Rule Set
• B. Transfer Rules
• C. Matching Rules
• D. Tolerance Rules
• E. Transaction Grouping Rules

Answer: C,D,E

Explanation:
These are three components that will be useful for the automatic reconciliation of bank statements with system transactions. Automatic reconciliation is a feature that enables you to reconcile bank statement lines with system transactions without manual intervention. You can use various components to define the criteria and conditions for automatic reconciliation1. Some of these components are:
Transaction Grouping Rules: These are rules that determine how system transactions are grouped together for reconciliation purposes. You can group transactions by attributes, such as bank account, currency, transaction type, or payment method.
Tolerance Rules: These are rules that define the acceptable differences between bank statement lines and system transactions for reconciliation purposes. You can define tolerances by amount or percentage, and by bank account or currency.
Matching Rules: These are rules that specify how bank statement lines and system transactions are matched for reconciliation purposes. You can match transactions by attributes, such as transaction number, amount, date, or reference number. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1

NEW QUESTION # 34
......

Use Valid New 1z0-1107-2 Test Notes & 1z0-1107-2 Valid Exam Guide: https://www.braindumpsit.com/1z0-1107-2_real-exam.html

1z0-1107-2 exam torrent Oracle study guide: https://drive.google.com/open?id=1PCPnVCTSj4DTn5QqSmIplJLHudvZDSJk