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Oracle 1z0-1107-2 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Budget to Report Process | 20% | - Financial reporting and analysis - Transaction capture and processing - Budgeting and forecasting - Period close procedures |
| Procure to Payment Process | 20% | - Cash reconciliation - Expenses and reimbursement - Invoices and payments - Overview of Procure to Payment flow - Accounts Payable taxes |
| Asset Acquisition to Retirement Process | 20% | - Transfers and reclassifications - Asset lifecycle overview - Acquisition and addition - Depreciation and adjustments - Retirement and disposal |
| Accounting Transformation Process | 20% | - Transaction accounting creation - Transfer to General Ledger - Subledger Accounting overview - Reconciliation and period close |
| Invoice to Cash Process | 20% | - Overview of Invoice to Cash flow - Receipts and applications - Statements and collections - Tax handling in AR - Accounts Receivable transactions |
Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:
Sharon is working as a collections manager and he is interested in performing an analysis based on the difference between the date of settlement and the due date of payment of invoice. Which key performance indicator will help him to review this information? (Choose the best Answer.)
- A. Collector Effective Index
- B. Days Sales Outstanding
- C. Average Days Delinquent
- D. Promise to Pay
- E. Percent Current
Correct Answer: C 🗳️
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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. Enable BFB in the Customer Profile > Define BFB Payment Terms > Define BFB Billing Cycle > 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. Define BFB Payment Terms > Define BFB Billing Cycle > Enable BFB in the Customer Profile > 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
Correct Answer: B 🗳️
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Which four statements are true about an effective subledger period close? (Choose four.)
- A. Fixed Assets must be closed before Payables.
- B. Projects must be closed before Fixed Assets.
- C. Payable must be closed before closing Fixed Assets.
- D. Fixed Assets must be closed before Receivables.
- E. Payable must be closed before Projects.
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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-Expense Credit-Cash Account
- C. Debit -AP Liability Credit-Cash Clearing Account
- D. Debit Cash Clearing Account Credit-Cash Account
Correct Answer: D 🗳️
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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. BI Publisher
- D. Account Group
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