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Oracle 1z0-1107-2 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Accounting Transformation15%- Subledger Accounting
  • 1. Journal Processing
  • 2. Posting to General Ledger
  • 3. Accounting Entries
  • 4. Financial Data Integration
Topic 2: Invoice to Cash Process20%- Accounts Receivable Processes
  • 1. Collections Management
  • 2. Receipt Processing
  • 3. Invoice Creation
  • 4. Customer Management
  • 5. Revenue Recognition
Topic 3: Oracle Cloud Financials Overview10%- Financials Business Models
  • 1. Business Process Architecture
  • 2. Oracle Fusion Cloud Financials Overview
  • 3. Financial Management Concepts
  • 4. Enterprise Structures
Topic 4: Procure to Pay Process20%- Accounts Payable Processes
  • 1. Supplier Management
  • 2. Expense Reimbursement
  • 3. Cash Reconciliation
  • 4. Invoice Processing
  • 5. Payment Processing
Topic 5: Asset Acquisition to Retirement15%- Fixed Assets Lifecycle
  • 1. Asset Retirement
  • 2. Asset Capitalization
  • 3. Asset Transfer
  • 4. Depreciation
  • 5. Asset Acquisition
Topic 6: Budget to Report Process20%- Financial Planning and Reporting
  • 1. Forecasting
  • 2. Period Close Process
  • 3. Financial Reporting
  • 4. Budget Management
  • 5. Business Intelligence and Analytics

Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:

1. Easy Solutions INC has decided to set up a meals expense policy and you have been given the responsibility to define the policy. Identify the correct sequence of steps that should be per-formed to define the meals expense policy? (Choose the best Answer.)

A) Setting up a Meals Policy > Setting up Policy Violations > Completing the Meals Rate Spreadsheet > Associating the Meals Expense Policy with an Expense Type
B) Setting up Policy Violations > Setting up a Meals Policy > Completing the Meals Rate Spreadsheet > Associating the Meals Expense Policy with an Expense Type
C) Completing the Meals Rate Spreadsheet > Setting up Policy Violations > Setting up a Meals Policy > Associating the Meals Expense Policy with an Expendim Type
D) Associating the Meals Expense Policy with an Expense Type > Setting up Policy Violations > Setting up a Meals Policy > Associating the Meals Expense Policy with an Expense Type


2. Which technology helps in calculating and recommending discounts for single payments in Oracle Payments? (Choose the best Answer.)

A) Internet of Things
B) Adaptive Intelligence
C) Machine Learning
D) 4. Digital Assistant


3. Glenn Systems owns a luxury car and they want to restrict the amount of depreciation that should be charged to this asset in a particular period. Which two types of depreciation ceiling can they use to achieve this? (Choose two.)

A) Depreciation Cost Ceiling
B) Depreciation Expense Ceiling
C) Depreciation Period Ceiling
D) Depreciation Rate Ceiling


4. 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 subledger application for which the account-ing entries can be generated
B) Process Category helps you to restrict the events selected for accounting and it is useful for segmenting events based on processing volumes.
C) Process Category helps you to restrict the accounting mode as Draft or Final based on which the accounting entries should be generated.
D) Process Category helps you to restrict the ledger for which the accounting entries can be generated.


5. 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) Chargeback
C) Write Off
D) Debit Memo


Solutions:

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

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