Exit demo 1Z0-1107-2 Oracle Financials Business Process Foundations Associate Rel 2 PDF format · free preview

Oracle 1Z0-1107-2 - Questions & Answers

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Question 1
Single choice

Invoice Number TRS11212 for USD 10000 was recorded for the customer Easy Solutions and it became due last week. The customer had made a payment for USD 8000 on the due date and requested for an additional 7 days' time to pay the remaining amount. You have decided to close the original invoice and create another debit item for the remaining amount of USD 2000.
Which type of transaction would you create to record the debit item for USD 2000?
(Choose the best Answer.)

A.

Chargeback

B.

Write Off

C.

Invoice

D.

Debit Memo

Question 2
Single choice

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 events selected for accounting and it is useful for segmenting events based on processing volumes.

D.

Process Category helps you to restrict the subledger application for which the account-ing entries can be generated

Question 3
Multiple choice

Glenn Systems has decided to enable the Additional Duplicate Invoice Check feature.

Which three additional attributes are considered for duplicate invoice check when this feature is enabled? (Choose three.)

A.

Supplier Tax Registration Number

B.

Invoice Amount

C.

Invoice Date

D.

Invoice Type

E.

Supplier Location

Question 4
Multiple choice

Which four factors are responsible for calculating taxes on Receivables transactions? (Choose four.)

A.

Products

B.

Plans

C.

Processes

D.

Programs

E.

Parties

F.

Places

Question 5
Single choice

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.

Adaptive Intelligence

B.

Blockchain

C.

digital Assistant

D.

IOT

Question 6
Single choice

Your organization has decided to use specific business days for which the transactions should be considered in the cash positioning report.
Which calendar would you assign to achieve this requirement on the Specify Cash Positioning and Forecast Options page?
(Choose the best Answer.)

A.

Default Accounting Calendar

B.

Default Source Calendar

C.

Default Prorate Calendar

D.

Default Transaction Calendar

Question 7
Multiple choice

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 Closed Period.

C.

Accounting Date is in an Open Period.

D.

Journal Source for the external system has not been defined.

E.

Accounting Date is in a Future Period.

Question 8
Multiple choice

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 area.

Which three statuses can he track by using this infotile? (Choose three.)

A.

Ready to Transfer

B.

Exceptions

C.

Merged

D.

Incomplete

E.

Ready to Post

Question 9
Single choice

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.

Promise to Pay

B.

Average Days Delinquent

C.

Percent Current

D.

Collector Effective Index

E.

Days Sales Outstanding

Question 10
Multiple choice

Your organization has decided to apply late charges against overdue customer transactions as well as delayed payments. Your manager has requested you to evaluate the various methods that can be used to calculate late charges.

Which three are valid options for calculating late charges? (Choose three.)

A.

Fortnightly Balance

B.

Overdue Transactions Only

C.

Late Payments Only

D.

Average Quarterly Balance

E.

Overdue Transactions and Late Payments

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