[UPDATED Aug-2024] Best Value Available Preparation Guide for 1z0-1107-2 Exam [Q19-Q44]

[UPDATED Aug-2024] Best Value Available Preparation Guide for 1z0-1107-2 Exam

1 Full 1z0-1107-2 Practice Test and 48 Unique Questions, Get it Now!

NEW QUESTION # 19
Which technology helps in calculating and recommending discounts for single payments in Oracle Payments? (Choose the best Answer.)

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

Answer: A

Explanation:
Adaptive Intelligence is the technology that helps in calculating and recommending discounts for single payments in Oracle Payments. Adaptive Intelligence uses machine learning and data science to analyze historical payment data and provide optimal discount suggestions based on various factors, such as payment amount, due date, supplier profile, and cash flow1. Reference: Oracle Financials Business Process Foundations Associate Rel 2

NEW QUESTION # 20
Invoice Number S10231234 for USD 1000 was raised for the customer "Business World" on 1st January 2022 with a payment term of 30 days. This invoice became due on 31st January 2022, but the customer has not yet made the payment due to an unresolved dispute. Which subprocess in the Invoice to Cash life cycle flow helps you to manage and resolve disputes for such type of delinquent invoices? (Choose the best Answer.)

• A. Customer Statement to Collection
• B. Customer Invoice to Receipt
• C. Customer Contract to Revenue
• D. Bank Transaction to Position

Answer: A

Explanation:
Customer Statement to Collection is the subprocess in the Invoice to Cash life cycle flow that helps you to manage and resolve disputes for delinquent invoices. It involves sending statements to customers, identifying overdue invoices, contacting customers, applying late charges, creating dispute cases, and applying adjustments or write-offs2. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1

NEW QUESTION # 21
Ganesh works for Glenn Systems as a General Accountant and he has a requirement to create periodic allocations at the end of the month to distribute welfare expenses. The allocations will be based on headcounts in each department. In which currency should the journal entry be created to load the headcounts? (Choose the best Answer.)

• A. Ledger Currency
• B. Statistical Currency
• C. Foreign Currency
• D. Reporting Currency

Answer: B

Explanation:
Statistical Currency is the currency that you should use to create the journal entry to load the headcounts. Statistical Currency is a special currency that is used to record non-monetary values, such as headcounts, units, or hours. You can use Statistical Currency to create allocation journals based on non-monetary bases or drivers1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1

NEW QUESTION # 22
Which two statements are true about creating case folders within the Customer Statement to Collections business process? (Choose two.)

• A. Billing transactions can belong to multiple case folders.
• B. Billing transactions can be of multiple currencies.
• C. Billing transactions must belong to the same bill-to customer.
• D. Billing transactions must be of the same currency.

Answer: A,B

Explanation:
These are two true statements about creating case folders within the Customer Statement to Collections business process. A case folder is a collection of billing transactions that are related to a specific issue or dispute with a customer. You can create case folders to track and resolve issues that prevent customers from paying their invoices on time. You can also assign case owners, statuses, and priorities to each case folder1. Some facts about creating case folders are:
Billing transactions can belong to multiple case folders, which means that a single invoice can be part of more than one issue or dispute.
Billing transactions can be of multiple currencies, which means that you can include invoices with different currencies in the same case folder.
Billing transactions must belong to the same bill-to customer, which means that you cannot mix invoices from different customers in the same case folder.
Billing transactions must be of the same currency conversion type, which means that you cannot mix invoices with different conversion methods, such as corporate or spot rate, in the same case folder. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1

NEW QUESTION # 23
Which two statements are true about running the financial statements that are designed using Financial Reporting Web Studio? (Choose two.)

• A. Financial statements can be generated only in HTML format.
• B. Business users can easily slice and dice the data across dimensions, and drill up, down, and sideways at any parent level.
• C. Financial statements are generated using the data directly from the transactional tables.
• D. Financial statements can be generated using different hierarchies to represent the data from different perspectives.

Answer: B,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 # 24
What is the name of Oracle's Chatbot?

• A. Oracle Chatbot
• B. Oracle Information
• C. Oracle Help
• D. Oracle Digital Assistant

Answer: D

Explanation:
Oracle Digital Assistant is the name of Oracle's chatbot platform that enables users to interact with various applications and services through natural language conversations. Oracle Chatbot, Oracle Information, and Oracle Help are not names of Oracle's chatbot platform, but rather generic terms that do not reflect the capabilities and features of the platform. Reference: [Oracle Digital Assistant User Guide]

NEW QUESTION # 25
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. Expense Manager
• B. Procurement Agent
• C. Accounts Payables Specialist
• 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 # 26
As the Director of IT, you understand that security roles are important to your organization and would like employee profiles to be kept as confidential as possible and to be viewed and managed by the employee and their manager. Apart from an employee and manager, what other role is able to add goals to an employee's development plan?

• A. An Administrator
• B. An IT Specialist
• C. An HR Specialist
• D. An Implementer

Answer: C

Explanation:
Apart from an employee and manager, another role that is able to add goals to an employee's development plan is an HR specialist, which is a type of user that has access to the HR Specialist role in Oracle HCM Cloud. An HR specialist can add goals to an employee's development plan from the Manage Development Goals page, where they can select the employee and the goal plan, and then create new goals or copy existing goals from other sources. An administrator, an IT specialist, and an implementer are not roles that are able to add goals to an employee's development plan, because they do not have access to the HR Specialist role or the Manage Development Goals page in Oracle HCM Cloud. Reference: [Oracle Global Human Resources Cloud User Guide], Oracle Global Human Resources Cloud User Guide

NEW QUESTION # 27
The Director of Sales and the Director of Learning Enablement have a meeting to discuss future training needs for the direct reports of the Director of Sales. They notice a desire in this team to have more leadership training. The Director of Learning decides that a learning community on Leadership would be beneficial for the team. What type of learning community does the Director of Learning create to enable this?

• A. My Learning
• B. Catalog
• C. Leadership Skills
• D. Self-Service

Answer: C

Explanation:
The type of learning community that the Director of Learning creates to enable leadership training for the team is leadership skills, which is one of the predefined types of learning communities that are available in Oracle Learning Cloud. Leadership skills learning communities are designed to help workers develop their leadership potential and competencies by providing access to relevant learning content and activities, as well as connecting them with mentors and peers who can guide and support them. Self-service, catalog, and my learning are not types of learning communities, but rather features or pages in Oracle Learning Cloud. Self-service allows workers to create their own learning communities or join existing ones. Catalog allows workers to browse and enroll in learning offerings such as courses, programs, or certifications. My learning allows workers to view and manage their learning progress and achievements. Reference: [Oracle Learning Cloud User Guide], [Oracle Learning Cloud User Guide], [Oracle Learning Cloud User Guide], Oracle Learning Cloud User Guide

NEW QUESTION # 28
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. 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
• B. Completing the Meals Rate Spreadsheet > Setting up Policy Violations > Setting up a Meals Policy > Associating the Meals Expense Policy with an Expendim Type
• C. Setting up Policy Violations > Setting up a Meals Policy > Completing the Meals Rate Spreadsheet > Associating the Meals Expense Policy with an Expense Type
• D. Setting up a Meals Policy > Setting up Policy Violations > Completing the Meals Rate Spreadsheet > Associating the Meals Expense Policy with an Expense Type

Answer: D

NEW QUESTION # 29
Your organization wants the capability for employees to copy information into their current time card. What options do they have for copying a time card?

• A. Copy same period from last month
• B. Copy previous time card
• C. Copy other time card
• D. Copy same period from previous year

Answer: C

Explanation:
The option that employees have for copying a time card is copy other time card, which allows them to copy time entries from another time card that they have access to. Employees can use this option to copy time entries from their own previous time cards or from other workers' time cards if they have been granted the appropriate privileges. Copy same period from last month, copy same period from previous year, and copy previous time card are not options that employees have for copying a time card, but rather features that may be available in other systems or applications. Reference: Oracle Time and Labor Cloud User Guide

NEW QUESTION # 30
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. Distribute
• B. Bursting
• C. Explode
• 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 # 31
John is working as a Cash Manager for Glenn Systems and regularly uses the Unreconciled infolet to review the unreconciled Bank Statement Lines and System Transactions. He is not able to find the details of some transactions on this infolet because there is a limitation for the number of days for which the data appears on this infolet. Identify the number of days for which data appears on this infolet.? (Choose the best Answer.)

• A. last 50 days
• B. last 55 days
• C. last 65 days
• D. last 45 days

Answer: D

Explanation:
The Unreconciled infolet displays data for the last 45 days by default. The Unreconciled infolet is an infolet that shows the unreconciled bank statement lines and system transactions for your bank accounts. You can use it to monitor and reconcile your cash transactions with your bank statements. You can also change the number of days for which data appears on this infolet by using the filter option1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1

NEW QUESTION # 32
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

• A. Digital Assistant
• B. Adaptive Intelligence
• C. Blockchain
• D. IOT

Answer: A

Explanation:
The technology that will help your organization achieve the goal of enabling their employees to submit expenses by using options such as SMS or Microsoft Teams is digital assistant, which is a platform that allows users to interact with various applications and services through natural language conversations. Digital assistant can be integrated with different channels such as SMS, Microsoft Teams, Slack, Facebook Messenger, etc., and can provide users with a conversational interface to perform tasks such as creating and submitting expense reports, attaching receipts, reviewing and approving expenses, etc. Adaptive intelligence, IOT, and blockchain are not technologies that will help your organization achieve the goal of enabling their employees to submit expenses by using options such as SMS or Microsoft Teams, but rather technologies that have different purposes and functionalities. Adaptive intelligence is a technology that uses machine learning and artificial intelligence to provide insights and recommendations based on data analysis. IOT is a technology that connects physical devices and sensors to the internet and enables data collection and exchange. Blockchain is a technology that creates a distributed ledger of transactions that is secure and immutable. Reference: Oracle Digital Assistant User Guide, Oracle Expenses Cloud User Guide

NEW QUESTION # 33
An organization is designing their performance proceess flow. They would like to have a simplified process but also want to capture HR, employee, and manager feedback in the evaluation. As a standard practice, it was decided that once an employee completes their performance self-evaluation, it will then go to the next role. Which role is that?

• A. Remains in their talent profile
• B. Their HR Business Partner
• C. Their colleague to request peer feedback
• D. Their manager

Answer: B

Explanation:
The next role that the employee's performance self-evaluation will go to after they complete it is their HR business partner, which is a type of user that has access to the HR Business Partner role in Oracle HCM Cloud. The HR business partner can review and approve the employee's performance self-evaluation from the Manage Performance Evaluations page, where they can also view and edit the performance document, add comments, and attach documents. Their manager, their talent profile, and their colleague are not roles that the employee's performance self-evaluation will go to after they complete it, but rather roles that may be involved in other steps or stages of the performance evaluation process. Their manager can initiate and finalize the performance evaluation for the employee, as well as provide feedback and ratings. Their talent profile can store and display the employee's performance ratings and achievements, as well as their skills, qualifications, competencies, and career preferences. Their colleague can provide peer feedback for the employee if requested by the manager or the employee. Reference: Oracle Global Human Resources Cloud User Guide, [Oracle Performance Management Cloud User Guide], [Oracle Performance Management Cloud User Guide], [Oracle Talent Management Cloud User Guide], [Oracle Performance Management Cloud User Guide]

NEW QUESTION # 34
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 Transaction Calendar
• B. Default Source Calendar
• C. Default Prorate Calendar
• D. Default Accounting Calendar

Answer: A

Explanation:
Default Transaction Calendar is the calendar that you would assign to achieve the requirement of using specific business days for which the transactions should be considered in the cash positioning report. The Specify Cash Positioning and Forecast Options page is a page where you can define the options and preferences for generating and viewing the cash positioning report. You can assign a default transaction calendar to specify the business days that are used to filter and group transactions in the report. The default transaction calendar can be different from the accounting calendar or the source calendar1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1

NEW QUESTION # 35
Your organization has recently made changes to one of the accounting rules to comply with the new accounting requirement. In which mode will you generate the accounting to verify that the changes made to the rule are producing the desired accounting entries before generating the final accounting? (Choose the best Answer.)

• A. Provisional
• B. Interim
• C. Temporary
• D. Draft

Answer: D

Explanation:
Draft is the mode that you will use to generate the accounting to verify that the changes made to the rule are producing the desired accounting entries before generating the final accounting. Draft mode allows you to create accounting entries that are not final and can be deleted or modified later. You can use draft mode to test your accounting rules and verify the accuracy of your accounting entries before posting them to General Ledger1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1

NEW QUESTION # 36
Which four statements are true about an effective subledger period close? (Choose four.)

• A. Projects must be closed before Fixed Assets.
• B. Payable must be closed before Projects.
• C. Payable must be closed before closing Fixed Assets.
• D. Fixed Assets must be closed before Receivables.
• E. Fixed Assets must be closed before Payables.

Answer: A,B,D,E

Explanation:
These are four true statements about an effective subledger period close. A subledger period close is a process that ensures that all transactions and adjustments in a subledger application, such as Projects, Payables, Fixed Assets, or Receivables, are accounted and transferred to General Ledger for a given period. To perform an effective subledger period close, you need to follow a recommended sequence of steps and dependencies among different subledger applications1. Some of these steps and dependencies are:
Projects must be closed before Fixed Assets, which means that you need to ensure that all project-related transactions and adjustments are accounted and transferred to General Ledger before creating or adjusting any assets from projects in Fixed Assets.
Payable must be closed before Projects, which means that you need to ensure that all supplier invoice and payment transactions and adjustments are accounted and transferred to General Ledger before creating or adjusting any project expenditures from Payables in Projects.
Fixed Assets must be closed before Payables, which means that you need to ensure that all asset addition, depreciation, adjustment, and retirement transactions and adjustments are accounted and transferred to General Ledger before creating or adjusting any supplier invoices from assets in Payables.
Fixed Assets must be closed before Receivables, which means that you need to ensure that all asset-related transactions and adjustments are accounted and transferred to General Ledger before creating or adjusting any customer invoices from assets in Receivables. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1

NEW QUESTION # 37
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. Transfer Rules
• B. Parse Rule Set
• C. Tolerance Rules
• D. Transaction Grouping Rules
• E. Matching Rules

Answer: C,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 # 38
One of the internal auditors in your organization is reviewing subledger journals and want more details about the rules that were used to generate these journals. What would you use to review these rules? (Choose the best Answer.)

• A. the Create Journals page
• B. the Analyze Journal Entry page
• C. the Account Override page
• D. Account Monitor

Answer: B

Explanation:
The Analyze Journal Entry page is the tool that you can use to review the rules that were used to generate subledger journals. The Analyze Journal Entry page allows you to view the details of subledger journal entries, such as source, category, ledger, accounting date, and status. You can also drill down to the subledger accounting events and lines, and view the accounting rules and mappings that were applied to create the journal entries1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1

NEW QUESTION # 39
What ate the three ways by which a new employee can be added to the HR system? (Choose three.)

• A. Employee Self Register
• B. Hire Employee
• C. Mass Upload Employees
• D. Add Pending Worker
• E. Convert Pending Worker

Answer: B,C,D

Explanation:
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]

NEW QUESTION # 40
Which report is used to monitor absence trends and analyses?

• A. Absence Monitoring Report
• B. Leave Time & Balances Report
• C. Absence Trends Report
• D. Employee Absence Analyses

Answer: C

Explanation:
The Absence Trends Report is used to monitor absence trends and analyses by showing various absence metrics such as absence hours, absence days, absence frequency, absence rate, and absence cost for different groups of workers and absence types over a period of time. The Leave Time & Balances Report is used to view the current and projected leave balances for workers enrolled in leave plans. The Absence Monitoring Report is used to track the absences that exceed a specified duration or frequency threshold for workers enrolled in absence plans. The Employee Absence Analyses is not a report, but a subject area that can be used to create custom analyses and dashboards for absence data. Reference: [Oracle Transactional Business Intelligence Enterprise for HCM User Guide], [Oracle Global Human Resources Cloud User Guide], [Oracle Absence Management Cloud User Guide], [Oracle Transactional Business Intelligence Enterprise for HCM User Guide]

NEW QUESTION # 41
Collector Jim Jones is working on a delinquent customer account and he has created some action items to follow up with this customer, including making a phone call and a personal vis-it. On which infotile can he find these action items? (Choose the best Answer.)

• A. Activities
• B. Delinquent
• C. Strategy Tasks
• D. Promises

Answer: A

Explanation:
Activities is the infotile where you can find the action items that you have created to follow up with a delinquent customer. Activities is an infotile that shows the list of tasks that you have scheduled or completed for your collections activities, such as phone calls, emails, letters, visits, or disputes. You can use it to view the details of each activity, such as status, priority, due date, and outcome1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1

NEW QUESTION # 42
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. Purchase Requisitions
• B. AP Invoices
• C. Purchase Orders
• D. AP Payments
• E. AR Invoices

Answer: B,D,E

Explanation:
These are three predefined sources that you can choose to create the Cash Positioning report by using the system transactions. The Cash Positioning report is a report that shows your cash inflows and outflows for a given period and bank account. You can use various sources to populate the report with system transactions, such as AR Invoices, AP Invoices, AP Payments, AR Receipts, GL Journals, or Cash Forecasting1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1

NEW QUESTION # 43
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 ledger for which the accounting entries can be generated.
• C. Process Category helps you to restrict the events selected for accounting and it is useful for segmenting events based on processing volumes.
• D. Process Category helps you to restrict the accounting mode as Draft or Final based on which the accounting entries should be generated.

Answer: C

Explanation:
Process Category is an optional parameter that can be selected while submitting the create accounting job to generate accounting entries on a periodic basis. It helps you to restrict the events selected for accounting and it is useful for segmenting events based on processing volumes. For example, you can create different process categories for high-volume and low-volume transactions, or for different subledger applications2. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1

NEW QUESTION # 44
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