Easy To Download Oracle 1z0-1107-2 Exam Dumps Updated 48 Questions
New Updated 1z0-1107-2 Exam Questions 2023
NEW QUESTION # 24
Which are the two elements that make up the Hire to Retire process? (Choose two.)
- A. Managing the employee's talent profiles
- B. Adding new hires
- C. Managing the employee's life cycle
- D. Managing the employee's benefits and compensation
Answer: B,C
Explanation:
The two elements that make up the Hire to Retire process are managing the employee's life cycle and adding new hires. Managing the employee's life cycle involves handling all the events and changes that occur during an employee's tenure in the organization, such as transfers, promotions, terminations, leaves of absence, etc. Adding new hires involves creating person records and work relationships for new employees or contingent workers who join the organization. Managing the employee's talent profiles, managing the employee's benefits and compensation are not elements that make up the Hire to Retire process, but rather processes that fall under other business functions such as talent management or compensation management. Reference: Oracle Global Human Resources Cloud User Guide, Oracle Global Human Resources Cloud User Guide, Oracle Global Human Resources Cloud User Guide
NEW QUESTION # 25
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. Days Sales Outstanding
- B. Promise to Pay
- C. Average Days Delinquent
- D. Collector Effective Index
- E. Percent Current
Answer: C
Explanation:
Average Days Delinquent is the key performance indicator that will help you to perform an analysis based on the difference between the date of settlement and the due date of payment of invoice. Average Days Delinquent is a measure of how long it takes for customers to pay their overdue invoices. It is calculated by dividing the total number of delinquent days by the number of delinquent invoices. It indicates the average delay in payment and the effectiveness of your collections efforts1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 26
What three activity steps are involved in the Customer Invoice to Receipt process?
- A. Send Bill to Customer
- B. Send Credit Control Letters
- C. Manage Customer Receipts
- D. Send Open Balance Letters Capture Billing
Answer: A,B,C
Explanation:
The three activity steps that are involved in the Customer Invoice to Receipt process are:
Send Bill to Customer: This step involves creating and sending invoices to customers for the goods or services delivered.
Manage Customer Receipts: This step involves recording and applying customer payments to outstanding invoices.
Send Credit Control Letters: This step involves sending reminders or dunning letters to customers who have overdue invoices. Capture Billing is not an activity step in the Customer Invoice to Receipt process. It is an activity step in the Customer Contract to Revenue process, which involves generating revenue and billing events based on contract terms and conditions. Send Open Balance Letters is not an activity step in the Customer Invoice to Receipt process. It is an activity step in the Customer Statement to Collection process, which involves sending statements and collection letters to customers who have outstanding balances. Reference: Oracle Financials Business Process Foundations Associate Rel 2, page 15-16.
NEW QUESTION # 27
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. Transaction Grouping Rules
- B. Parse Rule Set
- C. Transfer Rules
- D. Tolerance Rules
- E. Matching Rules
Answer: A,D,E
Explanation:
These are three components that will be useful for the automatic reconciliation of bank statements with system transactions. Automatic reconciliation is a feature that enables you to reconcile bank statement lines with system transactions without manual intervention. You can use various components to define the criteria and conditions for automatic reconciliation1. Some of these components are:
Transaction Grouping Rules: These are rules that determine how system transactions are grouped together for reconciliation purposes. You can group transactions by attributes, such as bank account, currency, transaction type, or payment method.
Tolerance Rules: These are rules that define the acceptable differences between bank statement lines and system transactions for reconciliation purposes. You can define tolerances by amount or percentage, and by bank account or currency.
Matching Rules: These are rules that specify how bank statement lines and system transactions are matched for reconciliation purposes. You can match transactions by attributes, such as transaction number, amount, date, or reference number. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 28
Once an employee makes their benefit election, rates will be passed to payroll. What rate from benefits enrollment gets sent to payroll?
- A. Amount
- B. Communicated Amount
- C. No rate gets sent to payroll
- D. Defined Amount
Answer: C
Explanation:
Benefits enrollment does not send any rate to payroll, because benefits rates are calculated by the benefits engine and stored in the benefits tables, not in the payroll tables. Payroll uses the benefits element entries to determine the deductions and employer contributions for each employee. The communicated amount, defined amount, and amount are all types of benefits rates that are used for different purposes, but none of them are sent to payroll. Reference: [Oracle Benefits Cloud Implementation Guide], [Oracle Payroll Cloud Implementation Guide]
NEW QUESTION # 29
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. Completing the Meals Rate Spreadsheet > Setting up Policy Violations > Setting up a Meals Policy > Associating the Meals Expense Policy with an Expendim 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. Setting up a Meals Policy > Setting up Policy Violations > Completing the Meals Rate Spreadsheet > Associating the Meals Expense Policy with an Expense 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
Answer: C
NEW QUESTION # 30
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 are a. Which three statuses can he track by using this infotile? (Choose three.)
- A. Ready to Transfer
- B. Ready to Post
- C. Exceptions
- D. Merged
- E. Incomplete
Answer: B,C,E
Explanation:
These are three statuses that you can track by using the Additions infotile in the Assets work area. The Additions infotile is an infotile that shows the number of asset additions that require attention or action from you. You can use it to view and manage asset additions by their status, such as exceptions, incomplete, ready to post, or ready to transfer1. Some examples of these statuses are:
Exceptions: These are asset additions that have errors or warnings that prevent them from being transferred or posted.
Incomplete: These are asset additions that have missing or incomplete information, such as asset category, cost center, or depreciation method.
Ready to Post: These are asset additions that have been transferred from other sources, such as Payables or Projects, and are ready to be posted to General Ledger. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 31
Glenn Systems has decided to use the batch scheduler functionality to automatically dis-tribute the Budget Vs Actual analysis reports via emails. Which feature of batch scheduler can they use to achieve this? (Choose the best Answer.)
- A. Explode
- B. Bursting
- C. Distribute
- D. Break Out
Answer: B
Explanation:
Bursting is the feature of batch scheduler that can be used to automatically distribute the Budget Vs Actual analysis reports via emails. Bursting enables you to split a single report based on a key value, such as business unit or ledger, and deliver each report segment to a different recipient or destination, such as email or printer1. Reference: Oracle Financials Business Process Foundations Associate Rel 2
NEW QUESTION # 32
Which of the following types of predefined standard reports cannot be used to reconcile account balances?
- A. Trial Balance report
- B. Billing History report
- C. Account Analysis report
- D. Subledger to General Ledger Reconciliation report
Answer: B
Explanation:
The Billing History report is not a standard report that can be used to reconcile account balances. It is a report that shows the billing history of a customer or a project. The other three reports are standard reports that can be used to reconcile account balances between subledgers and general ledger. Reference: Oracle Financials Business Process Foundations Associate Rel 2, page 9-10.
NEW QUESTION # 33
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. Invoice Lines must be charged to an Asset Account.
- C. Payable Invoice must be transferred to General Ledger.
- D. The "Track as Asset" check box must be selected for the invoice distribution lines.
- E. Payable Invoice must be validated and accounted.
Answer: B,C,D,E
Explanation:
These are four true statements about creating assets from Payable Invoice lines by using the Create Mass Additions process. The Create Mass Additions process is a process that enables you to create assets from invoice lines in Oracle Payables and import them into Oracle Assets. To use this process, the following conditions must be met1:
The Payable Invoice must be validated and accounted, which means that the invoice has passed the validation rules and has been assigned accounting entries.
The Invoice Lines must be charged to an Asset Account, which is an account that is mapped to an asset category in Oracle Assets.
The "Track as Asset" check box must be selected for the invoice distribution lines, which indicates that the invoice lines are eligible for asset creation.
The Payable Invoice must be transferred to General Ledger, which means that the accounting entries for the invoice have been posted to the ledger and are available for reporting. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 34
Which of the following statements are true for closing Ledgers? (Choose two)
- A. Close Status shows the accounting period by Single Ledger only.
- B. Third-party system transactions should be imported before General Ledger close
- C. Subledgers should be closed before General Ledger.
- D. The Revalue Balance process will translate the balances from ledger currency to foreign currency.
Answer: B,C
Explanation:
The statements that are true for closing ledgers are third-party system transactions should be imported before General Ledger close and subledgers should be closed before General Ledger. Third-party system transactions should be imported before General Ledger close is a true statement for closing ledgers because it ensures that all external transactions that affect the general ledger balances are accounted for and reconciled before closing the accounting period. Subledgers should be closed before General Ledger is a true statement for closing ledgers because it ensures that all subledger transactions that affect the general ledger balances are accounted for, transferred, and reconciled before closing the accounting period. The Revalue Balance process will translate the balances from ledger currency to foreign currency and close status shows the accounting period by single ledger only are not true statements for closing ledgers, but rather false statements that do not reflect the actual functionality or behavior of the system. The Revalue Balance process will translate the balances from foreign currency to ledger currency, not vice versa. Close status shows the accounting period by multiple ledgers or ledger sets, not by single ledger only. Reference: [Oracle Financials Cloud User Guide], [Oracle Financials Cloud User Guide], [Oracle Financials Cloud User Guide], [Oracle Financials Cloud User Guide]
NEW QUESTION # 35
Which two statements are true about Oracle Expenses Cloud integration with travel partners? (Choose two.)
- A. Oracle Expenses Cloud supports direct integration only with TripActions.
- B. Oracle Expenses Cloud supports integration with other partners through Rest APIs.
- C. Oracle Expenses Cloud supports direct integration only with Concur.
- D. Oracle Expenses Cloud supports direct integration only with GetThere.
Answer: A,B
Explanation:
These are two true statements about Oracle Expenses Cloud integration with travel partners. Oracle Expenses Cloud supports direct integration only with TripActions, which is a travel management platform that offers personalized travel options, rewards, and insights. TripActions users can seamlessly sync their travel bookings and receipts with Oracle Expenses Cloud for faster expense reporting3. Oracle Expenses Cloud also supports integration with other partners through Rest APIs, which are web services that allow communication between different systems using standard protocols. Rest APIs enable Oracle Expenses Cloud to exchange data with other travel partners or third-party applications4. Reference: Oracle Financials Business Process Foundations Associate Rel 2, Oracle Expenses Cloud REST API Reference
NEW QUESTION # 36
You want the ability for employees to have complete autonomy toward their own goals. Given you want employees to be able to perform many actions when it comes to their goals, what are the main actions employees can perform when their Manager assigns them a goal?
- A. Share goals with colleagues
- B. Communicate the progress of their goal for the Manager to update
- C. Create new career goals
- D. Manage and update goals
Answer: D
Explanation:
Employees can manage and update their goals from the My Goals page, where they can edit, delete, or complete their goals, as well as add new goals or subgoals. They can also communicate the progress of their goals to their managers by updating the status, completion percentage, and comments fields. Creating new career goals is not an action that employees can perform when their manager assigns them a goal, but rather a separate process that involves using the Career Development page. Sharing goals with colleagues is not an action that employees can perform from the My Goals page, but rather a feature that requires enabling the Goal Sharing profile option. Reference: [Oracle Goal Management Cloud User Guide], [Oracle Career Development Cloud User Guide], [Oracle Goal Management Cloud Implementation Guide]
NEW QUESTION # 37
Your organization has a requirement to ensure that the expense reports are reviewed on a regular basis to comply with its reimbursement policies. Which job role would you recommend for a person who is authorized to review and identify the compliance issues with the submitted expense reports? (Choose the best Answer.)
- A. Procurement Agent
- B. Accounts Payables Specialist
- C. Expense Manager
- D. Expense Auditor
Answer: D
Explanation:
Expense Auditor is the job role that would be recommended for a person who is authorized to review and identify the compliance issues with the submitted expense reports. Expense Auditor is responsible for auditing expense reports for policy violations, duplicate expenses, missing receipts, and other errors. Expense Auditor can also approve, reject, or return expense reports for correction2. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 38
What terminology is used to label people who were referred for a job requisition or added to a job requisition but who haven't yet completed their job application?
- A. Applicant
- B. Candidate
- C. Referred
- D. Prospect
Answer: D
Explanation:
The terminology used to label people who were referred for a job requisition or added to a job requisition but who haven't yet completed their job application is prospect, which is a type of candidate that has not yet applied for a job but has been identified as a potential fit by a recruiter, a hiring manager, or an employee referral. Prospects can be converted to applicants once they complete their job application and submit their resume. Applicant, referred, and candidate are not terminology used to label people who were referred for a job requisition or added to a job requisition but who haven't yet completed their job application, but rather types of candidates that have different statuses or sources in the recruiting system. Applicant is a type of candidate that has applied for a job and submitted their resume. Referred is a source of candidate that indicates that the candidate was referred by an existing employee. Candidate is a generic term that encompasses both prospects and applicants. Reference: [Oracle Recruiting Cloud User Guide], [Oracle Recruiting Cloud User Guide], [Oracle Recruiting Cloud User Guide], [Oracle Recruiting Cloud User Guide], Oracle Recruiting Cloud User Guide
NEW QUESTION # 39
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. Account Inspector
- B. Balance Inspector
- C. Account Tracker
- D. Balance Tracker
Answer: C
Explanation:
Account Tracker is a tool that enables you to drill down from balances to journals and subledger transactions. You can use it to inquire and analyze the GL account balances online. You can also view graphical representations of balances and drill down to source transactions3. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 40
Company XYZ has found it to be efficient for an employee's profile to contain all relevant information from talent to non-talent content items. An employee would like to update their Talent Profile in the areas of their skills, qualifications, competencies, and accomplishments. Where would an employee go to make those updates within their employee talent profile?
- A. Degrees
- B. Career Preferences
- C. Healthcare coverage
- D. Compensation
Answer: B
Explanation:
An employee would go to Career Preferences to make updates to their Talent Profile in the areas of their skills, qualifications, competencies, and accomplishments. Career Preferences is a section within the Talent Profile that allows employees to specify their career goals, interests, mobility preferences, and readiness for new opportunities. It also enables employees to showcase their skills, qualifications, competencies, and accomplishments that are relevant for their current or desired roles. Reference: Oracle Financials Business Process Foundations Associate Rel 2, page 19-20.
NEW QUESTION # 41
Which two statements are true about running the financial statements that are designed using Financial Reporting Web Studio? (Choose two.)
- A. Financial statements are generated using the data directly from the transactional tables.
- B. Financial statements can be generated only in HTML format.
- C. Financial statements can be generated using different hierarchies to represent the data from different perspectives.
- D. Business users can easily slice and dice the data across dimensions, and drill up, down, and sideways at any parent level.
Answer: C,D
Explanation:
These are two true statements about running the financial statements that are designed using Financial Reporting Web Studio. Financial Reporting Web Studio is a tool that enables users to create and manage financial reports using data from various sources, such as General Ledger or Essbase Cubes. Users can generate financial statements using different hierarchies to represent the data from different perspectives, such as legal entity, business unit, segment, or account. Users can also easily slice and dice the data across dimensions, and drill up, down, and sideways at any parent level to analyze the details behind the numbers2. Reference: Oracle Financials Business Process Foundations Associate Rel 2
NEW QUESTION # 42
Your organization has decided to automate the entry of cash receipts by using a method where the customer goes and deposits the money directly into your bank account for the due invoices and the banker provides a data file to you. Which method can your organization implement to achieve this? (Choose the best Answer.)
- A. Spreadsheet
- B. Lockbox
- C. Automatic Receipts
- D. Toolbox
Answer: B
Explanation:
Lockbox is the method that your organization can implement to automate the entry of cash receipts by using a method where the customer goes and deposits the money directly into your bank account for the due invoices and the banker provides a data file to you. Lockbox is a service provided by banks that allows customers to deposit their payments directly into your bank account without sending them to you. The bank sends you a data file with the details of the payments and the invoices that they apply to. You can import this data file into Oracle Receivables and create receipts automatically1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 43
The employee's career development is crucial to your organization as it's a way to retain your topperforming employees at your company. You would like for the Manager and employee to be in communication on this topic on a quarterly basis and be aware of what open roles within the company their direct reports would be a strong fit for. In order to put actions into conversations when it comes to the development of an employee, what employee information do Managers have access to?
- A. The employee's career preference statement
- B. Goals
- C. Roles of interest
- D. Performance evaluation
Answer: C
Explanation:
The employee information that managers have access to when it comes to the development of an employee is roles of interest, which are the roles that the employee has expressed interest in pursuing as part of their career aspirations. Managers can view the roles of interest for each of their direct reports from the Career Planning page, where they can also see the fit score and gap analysis for each role based on the employee's skills and qualifications. Managers can use this information to guide their employees in finding suitable learning opportunities and career paths within the organization. Goals, performance evaluation, and the employee's career preference statement are not employee information that managers have access to when it comes to the development of an employee, but rather information that managers can use for other purposes such as performance management or goal management. Reference: Oracle Career Development Cloud User Guide, Oracle Career Development Cloud User Guide
NEW QUESTION # 44
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