Get 2024 Free Oracle 1z0-1107-2 Exam Practice Materials Collection [Q13-Q37]

Erhalten Sie 2024 Free Oracle 1z0-1107-2 Exam Practice Materials Collection [Q13-Q37]

Diesen Beitrag bewerten

Get 2024 Free Oracle 1z0-1107-2 Exam Practice Materials Collection

Get Latest and 100% Accurate 1z0-1107-2 Exam Questions

Q13. Which three Cash Management infolets do you find in the Analytics section of the home page?

External Transactions

Cash Balance

Project Interest Amount

Missing Statements

Unreconciled

The three Cash Management infolets that you find in the Analytics section of the home page are:
Cash Balance: This infolet shows the total cash balance across all bank accounts and currencies. It also provides a graphical representation of the cash balance trend over time.
Missing Statements: This infolet shows the number of bank accounts that have missing statements for a given period. It also provides a list of the bank accounts with missing statements and their respective statement dates.
Unreconciled: This infolet shows the number and amount of unreconciled transactions for a given period. It also provides a breakdown of the unreconciled transactions by transaction type and currency. External Transactions and Project Interest Amount are not Cash Management infolets. They are related to other financial processes, such as Bank Transaction to Position and Budget to Report. Reference: Oracle Financials Business Process Foundations Associate Rel 2, page 21-22.

Q14. Which part of Work Life does Mentorship fall under?

Wellness

Personal Brand

Social Reputation

Volunteering –

Mentorship falls under the personal brand part of work life, which is a feature that helps workers build their reputation and visibility within the organization by showcasing their skills, interests, achievements, and goals. Mentorship allows workers to find mentors who can guide them in their career development, as well as offer their own expertise as mentors to others. Wellness, social reputation, and volunteering are other parts of work life, but they are not related to mentorship. Wellness helps workers manage their physical and mental well-being by providing access to wellness resources and programs. Social reputation helps workers increase their social influence by displaying their social network activity and ratings. Volunteering helps workers find and participate in volunteering opportunities that match their interests and skills. Reference: [Oracle Work Life Solutions Cloud User Guide], [Oracle Work Life Solutions Cloud User Guide], [Oracle Work Life Solutions Cloud User Guide], [Oracle Work Life Solutions Cloud User Guide], Oracle Work Life Solutions Cloud User Guide

Q15. Your organization is exploring solutions that enable their employees to submit expenses by using opt such as SMS or Microsoft Teams. Which technology will help your organization achieve this? (Choose the best Answer.)

Adaptive Intelligence

Blockchain

digital Assistant

IOT

Digital Assistant is the technology that will help your organization achieve the solution of enabling their employees to submit expenses by using opt such as SMS or Microsoft Teams. Digital Assistant is a conversational interface that allows users to interact with various applications and services through natural language. Users can use Digital Assistant to create and submit expense reports, attach receipts, review approvals, and check reimbursements using their preferred channels, such as SMS, Microsoft Teams, Slack, or Facebook Messenger2. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1

Q16. 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?

Applicant

Referred

Prospect

Candidate

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

Q17. Which statement is true regarding the impact of absences on an employee’s net pay?

Absence Management and Payroll are not directly connected.

Some absences will affect the employee’s net pay.

No absences will affect the employee’s net pay.

All absences will affect the employee’s net pay.

Some absences will affect the employee’s net pay depending on whether they are paid or unpaid absences, and whether they have any impact on the employee’s earnings or deductions. For example, a paid sick leave absence will reduce the employee’s available sick leave balance and increase their sick leave earnings, while an unpaid leave of absence will reduce the employee’s regular earnings and may affect their benefit eligibility. Absence management and payroll are directly connected through absence elements that are used to transfer absence data to payroll. Not all absences will affect the employee’s net pay, because some absences may have no impact on earnings or deductions, such as a paid holiday or a jury duty absence. Reference: [Oracle Absence Management Cloud User Guide], [Oracle Absence Management Cloud Implementation Guide]

Q18. 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.)

Spreadsheet

Lockbox

Automatic Receipts

Toolbox

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

Q19. What ate the three ways by which a new employee can be added to the HR system? (Choose three.)

Add Pending Worker

Hire Employee

Mass Upload Employees

Convert Pending Worker

Employee Self Register

There are three ways by which a new employee can be added to the HR system: add pending worker, hire employee, and mass upload employees. Adding a pending worker is a process that creates a person record with minimal information and assigns a pending worker person type, which can be later converted to an employee or a contingent worker. Hiring an employee is a process that creates a person record with full information and assigns an employee person type, as well as creates a work relationship, assignment, and payroll relationship for the person. Mass uploading employees is a process that uses the HCM Data Loader to import employee data from an external source and create person records with employee person type and other related objects. Converting a pending worker is not a way to add a new employee, but rather a way to change the person type of an existing pending worker to an employee or a contingent worker. Employee self register is not a way to add a new employee, but rather a feature that allows existing employees to update their own personal information. Reference: [Oracle Global Human Resources Cloud User Guide], [Oracle Global Human Resources Cloud User Guide], [Oracle Global Human Resources Cloud User Guide], [Oracle HCM Cloud Data Loader User Guide], [Oracle Global Human Resources Cloud User Guide]

Q20. Which four factors are responsible for calculating taxes on Receivables transactions? (Choose four.)

Products

Plans

Processes

Programs

Parties

Places

These are the four factors that are responsible for calculating taxes on Receivables transactions. Products are the goods or services that are sold, and they may have different tax rates or exemptions. Plans are the pricing or discounting schemes that may affect the taxable amount. Processes are the business flows or events that trigger tax calculation, such as invoicing, adjusting, or crediting. Parties are the entities involved in the transaction, such as customers, suppliers, or legal entities, and they may have different tax statuses or registrations. Places are the locations where the transaction occurs or where the products are delivered, and they may have different tax jurisdictions or rules1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1

Q21. 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.)

Depreciation Rate Ceiling

Depreciation Cost Ceiling

Depreciation Expense Ceiling

Depreciation Period Ceiling

These are two types of depreciation ceiling that you can use to restrict the amount of depreciation that should be charged to your luxury car in a particular period. Depreciation Cost Ceiling is a limit on the total depreciation amount that can be charged over the life of an asset. Depreciation Expense Ceiling is a limit on the depreciation amount that can be charged in a single period for an asset1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1

Q22. Easy Solutions INC has operations in the USA, UK, and Germany. USA is the parent entity and it has two subsidiary entities in UK and Germany. USA and UK entities are sharing the same chart of accounts and calendar, whereas the Germany entity has a different chart of ac-count and calendar due to some statutory requirements. Which consolidation method would you recommend to consolidate the financials balances of the Germany entity with the parent entity in the USA? (Choose the best Answer.)

Balance Transfer Consolidation

Oracle Hyperion Financial Management Consolidation

Calculation Manager Consolidation

Reporting only Consolidation

Oracle Hyperion Financial Management Consolidation is a comprehensive, web-based application that delivers global financial consolidation, reporting and analysis in a single, highly scalable software solution. It supports multiple currencies, intercompany eliminations, minority interest calculations, ownership management, and statutory and management reporting1. It is suitable for consolidating the financial balances of the Germany entity with the parent entity in the USA, as they have different chart of accounts and calendar. Reference: Oracle Financials Business Process Foundations Associate Rel 2

Q23. 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.)

Promise to Pay

Average Days Delinquent

Percent Current

Collector Effective Index

Days Sales Outstanding

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

Q24. 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.)

Break Out

Distribute

Explode

Bursting

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

Q25. Apart from being manually added into the system, where else might Pending Workers come from?

Talent Management Processing

Pending Worker Self Register

Compensation Processing

Recruiting

Pending workers can come from recruiting, which is a process that involves sourcing, screening, selecting, and hiring candidates for job openings. When a candidate is hired from the recruiting system, they are automatically created as a pending worker in the HR system, and can be later converted to an employee or a contingent worker. Talent management processing, pending worker self register, and compensation processing are not sources of pending workers, but rather processes that involve managing the performance, development, career, and rewards of existing workers . Reference: [Oracle Recruiting Cloud User Guide], [Oracle Recruiting Cloud Implementation Guide], [Oracle Talent Management Cloud User Guide], [Oracle Career Development Cloud User Guide], [Oracle Compensation Cloud Implementation Guide]

Q26. Which Absence-related data can an employee access apart from being able to add an absence and review existing absences?

Plan Balances

Absence Calculation Rules

Balance Adjustment Requests

Absence Processing Rules

Employees can access their plan balances from the Absence Balance page, which shows the current balance and projected balance for each absence plan they are enrolled in1. Absence calculation rules and absence processing rules are not visible to employees, but only to administrators2. Balance adjustment requests are not a type of absence-related data, but a type of action that employees can perform to request changes to their plan balances3. Reference: Oracle Absence Management Cloud User Guide, Oracle Absence Management Cloud Implementation Guide, Oracle Global Human Resources Cloud User Guide

Q27. Which is the first critical path of payroll processing?

Calculate Payroll

Archive Periodic Payroll Results

Electronic Funds Transfer (EFT) Process

Calculate Prepayments

The first critical path of payroll processing is calculate payroll, which is a process that calculates the gross-to-net earnings and deductions for each employee in a payroll run. Calculate payroll is the core process that determines the amount of money that each employee will receive or pay in a payroll period. Archive periodic payroll results is a process that transfers the payroll results from the current table to the archive table for historical reporting purposes. It is not a critical path of payroll processing, but rather an optional process that can be performed after the payroll run is completed. Electronic funds transfer (EFT) process is a process that generates payment files for employees who are paid by direct deposit or wire transfer. It is not a critical path of payroll processing, but rather a post-payroll process that can be performed after the payroll run is confirmed. Calculate prepayments is a process that estimates the net pay for each employee before the actual payroll run is performed. It is not a critical path of payroll processing, but rather a preliminary process that can be performed before the payroll run is initiated. Reference: [Oracle Global Payroll Cloud User Guide], [Oracle Global Payroll Cloud User Guide], [Oracle Global Payroll Cloud User Guide], [Oracle Global Payroll Cloud User Guide]

Q28. Your organization has hired Steven Johns who will be responsible for analyzing the financial performance and providing feedback for better decision making. Which job role will help Steven Johns to perform his job in the organization? (Choose the best Answer.)

General Accounting Manager

Cash Manager

Financial Analyst

General Accountant

Financial Analyst is the job role that will help Steven Johns to perform his job in the organization. Financial Analyst is responsible for analyzing the financial performance and providing feedback for better decision making. Financial Analyst can use various reporting tools, such as Financial Reporting Web Studio, Smart View, Account Inspector, and Account Monitor, to create and view financial reports, dashboards, charts, and graphs. Financial Analyst can also perform variance analysis, trend analysis, what-if analysis, and drill down to transaction details2. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1

Q29. Your company wants to have the ability to use budgets as part of workforce compensation to restrict the managers from allocating more compensation than they have been allocated. How many budget pulls can be tied to a compensation component in a workforce compensation plan?

The number of budget pulls that can be tied to a compensation component in a workforce compensation plan is 4, which is the maximum number of budget pools that can be associated with a single component. A budget pool is a source of funds that is allocated to a manager for distributing compensation to their workers. A budget pool can be based on various criteria such as performance ratings, salary grades, job levels, etc. A compensation component is a type of compensation that can be awarded to workers, such as base salary, bonus, stock, etc. A workforce compensation plan is a set of rules and guidelines that define how compensation is allocated to workers in an organization. Reference: [Oracle Compensation Cloud User Guide], [Oracle Compensation Cloud User Guide], [Oracle Compensation Cloud User Guide]

Q30. 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.)

Accounting Period is Closed.

Accounting Date is in a Closed Period.

Accounting Date is in an Open Period.

Journal Source for the external system has not been defined.

Accounting Date is in a Future Period.

These are three possible reasons for the error when importing a journal from an external system. If the accounting period or the accounting date is closed, you cannot import journals for that period or date. If the accounting date is in a future period, you cannot import journals until the period is opened4. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1

Q31. Glenn Systems wants to deploy automatic controls to spot unusual or inappropriate expenses based on audit percentage, policy violations, specific keywords, and individuals with specific status. Which configuration will help them achieve this? (Choose the best Answer.)

Expense Audit List Rules

Expense Report Audit Selection Rules

Expense Report Audit Rules by Expense Templates and Types

Expense Report Receipt and Notification Rules

Expense Report Audit Selection Rules are the configuration that will help you achieve the deployment of automatic controls to spot unusual or inappropriate expenses based on audit percentage, policy violations, specific keywords, and individuals with specific status. Expense Report Audit Selection Rules are rules that determine which expense reports are selected for audit based on various criteria, such as audit percentage, policy violations, specific keywords, and individuals with specific status. You can define different audit selection rules for different expense templates and types1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1

Q32. 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.)

Supplier Tax Registration Number

Invoice Amount

Invoice Date

Invoice Type

Supplier Location

These are three additional attributes that are considered for duplicate invoice check when the Additional Duplicate Invoice Check feature is enabled. The Additional Duplicate Invoice Check feature is a feature that enables you to perform a more comprehensive check for duplicate invoices in Oracle Payables. The feature compares the invoice number, supplier name, supplier site, invoice amount, invoice date, and invoice type of the invoices and flags any potential duplicates1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1

Q33. As a Talent Manager, one of your goals for the year is to create a plan to retain your top talent. You would like to set up a Talent Review meeting with Managers to better assess their workforce in how you can build a plan for each worker. As you start to develop your plan, which among the following options is one of the main aspects you will need to create a successful Talent Review meeting for?

Worker Hire Dates

Manager feedback

Worker salaries

Meeting Review Content

Meeting review content is one of the main aspects that a talent manager needs to create for a successful talent review meeting, because it defines the layout and data that will be displayed in the talent review dashboard for each worker. Meeting review content includes performance and potential ratings, talent scores, risk of loss, impact of loss, readiness level, mobility preferences, and other custom attributes that can be configured by the talent manager. Worker hire dates, manager feedback, and worker salaries are not aspects that need to be created by the talent manager, but rather data that can be sourced from the HR system or entered by the participants during the meeting. Reference: [Oracle Talent Management Cloud User Guide], [Oracle Talent Management Cloud Implementation Guide]

Q34. Which three attributes can be used as selection criteria when submitting a payment process request? (Choose three.)

Payment Terms

Supplier Type

Invoice Type

Pay Through Date

Pay Groups

These are three attributes that can be used as selection criteria when submitting a payment process request. A payment process request is a request to pay one or more invoices or other payments within a single payment batch. You can use various attributes to filter and select the invoices or payments that you want to include in the payment process request2. Some of these attributes are:
Invoice Type: This attribute allows you to select invoices based on their type, such as standard, credit memo, debit memo, prepayment, or interest.
Pay Through Date: This attribute allows you to select invoices based on their due date or discount date. Only invoices that are due or eligible for discount on or before the pay through date are selected.
Pay Groups: This attribute allows you to select invoices based on their pay group, which is a grouping of invoices that share common payment attributes, such as payment method, payment priority, or payment terms. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1

Q35. 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.)

Fortnightly Balance

Overdue Transactions Only

Late Payments Only

Average Quarterly Balance

Overdue Transactions and Late Payments

These are three valid options for calculating late charges for overdue customer transactions and delayed payments. Late charges are fees that are applied to customers who fail to pay their invoices on time or make partial payments. You can calculate late charges based on various methods, such as overdue transactions only, late payments only, overdue transactions and late payments, or balance forward billing1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1

Q36. Which of the following help organizations in estimating bank account balances daily and over a period of time? (Choose two)

Reconciliation

Cash Positioning

Cash Forecasting

Bank Account Transfer

The two processes that help organizations in estimating bank account balances daily and over a period of time are cash positioning and cash forecasting. Cash positioning is a process that involves calculating the current cash position of each bank account by adding or subtracting the cleared and uncleared transactions from the opening balance. Cash forecasting is a process that involves projecting the future cash position of each bank account by adding or subtracting the expected inflows and outflows from the current balance. Reconciliation and bank account transfer are not processes that help organizations in estimating bank account balances daily and over a period of time, but rather processes that have different purposes and functionalities. Reconciliation is a process that involves matching the transactions recorded in the bank statement with the transactions recorded in the general ledger. Bank account transfer is a process that involves transferring funds between bank accounts within or across legal entities. Reference: Oracle Cash Management Cloud User Guide, Oracle Cash Management Cloud User Guide, Oracle Cash Management Cloud User Guide, Oracle Cash Management Cloud User Guide

Q37. Company want to desgin layout based on business requirement for Oracle Cloud Financial ERP.
Identify which Oracle tool is will suit this need

OTBI

Golden Gate

BI Publisher

Spreadsheat

The Oracle tool that will suit the need of designing layout based on business requirement for Oracle Cloud Financial ERP is BI Publisher, which is a reporting tool that allows users to create and customize reports using various data sources and output formats. BI Publisher provides a graphical user interface for designing layout templates, as well as a set of predefined templates that can be modified according to the business requirement. OTBI, Golden Gate, and Spreadsheet are not Oracle tools that will suit the need of designing layout based on business requirement for Oracle Cloud Financial ERP, but rather tools that have different purposes and functionalities. OTBI is a business intelligence tool that allows users to create and analyze ad hoc reports and dashboards using real-time transactional data. Golden Gate is a data integration tool that allows users to replicate and synchronize data across heterogeneous databases and platforms. Spreadsheet is a generic term for an application that allows users to create and manipulate data in tabular form. Reference: Oracle Business Intelligence Publisher User’s Guide, Oracle Transactional Business Intelligence Enterprise for Financials Cloud Service User Guide, Oracle GoldenGate Documentation Library

Laden …