Oracle 1z0-1107-2 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Procure to Payment Process | 20% | - Overview of Procure to Payment flow - Expenses and reimbursement - Accounts Payable taxes - Invoices and payments - Cash reconciliation |
| Accounting Transformation Process | 20% | - Transfer to General Ledger - Subledger Accounting overview - Reconciliation and period close - Transaction accounting creation |
| Asset Acquisition to Retirement Process | 20% | - Depreciation and adjustments - Retirement and disposal - Transfers and reclassifications - Asset lifecycle overview - Acquisition and addition |
| Invoice to Cash Process | 20% | - Tax handling in AR - Receipts and applications - Statements and collections - Overview of Invoice to Cash flow - Accounts Receivable transactions |
| Budget to Report Process | 20% | - Transaction capture and processing - Financial reporting and analysis - Budgeting and forecasting - Period close procedures |
Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:
1. 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 Transaction Calendar
D) Default Prorate Calendar
2. 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) Invoice Type
B) Invoice Amount
C) Supplier Tax Registration Number
D) Invoice Date
E) Supplier Location
3. 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) Invoice
B) Write Off
C) Debit Memo
D) Chargeback
4. 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 a Revenue Account.
B) Payable Invoice must be validated and accounted.
C) Invoice Lines must be charged to an Asset Account.
D) The "Track as Asset" check box must be selected for the invoice distribution lines.
E) Payable Invoice must be transferred to General Ledger.
5. 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 Date is in a Closed Period.
B) Accounting Date is in an Open Period.
C) Accounting Date is in a Future Period.
D) Journal Source for the external system has not been defined.
E) Accounting Period is Closed.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A,B,D | Question # 3 Answer: C | Question # 4 Answer: B,C,D,E | Question # 5 Answer: A,C,E |
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