Try and practice the latest Oracle : 1z0-1107-2 real questions & answers

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Oracle 1z0-1107-2 Exam Syllabus Topics:

SectionObjectives
General Ledger- Financial Reporting Basics
- Journal Processing
- Chart of Accounts and Ledger Configuration
Oracle Financials Cloud Overview
Cash Management- Bank Account Setup
- Bank Reconciliation
Accounts Payable- Payment Processing
- Invoice Processing
- Supplier Management
Accounts Receivable- Receipts and Collections
- Customer Management
- Billing and Invoicing
Fixed Assets- Depreciation Processing
- Asset Creation and Management

Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:

1. 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) Supplier Location
C) Invoice Type
D) Invoice Amount
E) Invoice Date


2. 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) Average Quarterly Balance
B) Fortnightly Balance
C) Late Payments Only
D) Overdue Transactions Only
E) Overdue Transactions and Late Payments


3. Which four statements are true about creating assets from Payable Invoice lines by using the Create Mass Additions process? (Choose four.)

A) Invoice Lines must be charged to an Asset Account.
B) Invoice Lines must be charged to a Revenue Account.
C) Payable Invoice must be validated and accounted.
D) Payable Invoice must be transferred to General Ledger.
E) The "Track as Asset" check box must be selected for the invoice distribution lines.


4. 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) Transfer Rules
B) Parse Rule Set
C) Transaction Grouping Rules
D) Tolerance Rules
E) Matching Rules


5. 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) Percent Current
B) Days Sales Outstanding
C) Promise to Pay
D) Average Days Delinquent
E) Collector Effective Index


Solutions:

Question # 1
Answer: C,D,E
Question # 2
Answer: C,D,E
Question # 3
Answer: A,C,D,E
Question # 4
Answer: C,D,E
Question # 5
Answer: D

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