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Oracle 1z0-1107-2 Exam Syllabus Topics:

SectionWeightObjectives
Procure to Payment Process20%- Accounts Payable taxes
- Invoices and payments
- Overview of Procure to Payment flow
- Cash reconciliation
- Expenses and reimbursement
Accounting Transformation Process20%- Reconciliation and period close
- Subledger Accounting overview
- Transfer to General Ledger
- Transaction accounting creation
Budget to Report Process20%- Period close procedures
- Financial reporting and analysis
- Budgeting and forecasting
- Transaction capture and processing
Asset Acquisition to Retirement Process20%- Asset lifecycle overview
- Depreciation and adjustments
- Acquisition and addition
- Retirement and disposal
- Transfers and reclassifications
Invoice to Cash Process20%- Overview of Invoice to Cash flow
- Statements and collections
- Receipts and applications
- Tax handling in AR
- Accounts Receivable transactions

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) Invoice Type
B) Supplier Tax Registration Number
C) Invoice Date
D) Invoice Amount
E) Supplier Location


2. Your organization wants to implement a process that helps in recording requisitions, buying goods or services, and managing supplier invoices and payments. Which Financials business process would you recommend to achieve this? (Choose the best Answer.)

A) Invoice to Cash
B) Asset to Retirement
C) Budget to Report
D) Procure to Pay


3. Robert works as a General Accountant for Glenn Systems and he has a requirement to inquire and analyze the GL Account balances on a regular basis. Which tool can he use to in-quire and analyze the GL Account balances online? (Choose the best Answer.)

A) Balance Inspector
B) Account Inspector
C) Balance Tracker
D) Account Tracker


4. John works as a Cash Manager in Glenn Systems and he wants to create the Cash Positioning report by using the predefined system transactions as sources. Identify three predefined sources that John can choose to create this report.? (Choose three.)

A) AP Invoices
B) AR Invoices
C) Purchase Requisitions
D) AP Payments
E) Purchase Orders


5. Which three can be captured on an Invoice Header while recording a supplier invoice in the Payables application? (Choose three.)

A) invoice number
B) distribution combination
C) supplier details
D) integration details with other applications
E) invoice amount


Solutions:

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

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