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Oracle 1z0-1107-2 Exam Syllabus Topics:

Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:

1. Your manager has requested you to evaluate the attributes based on which the scoring is calculated in the collections business process. Which three attributes would you suggest to your manager? (Choose three.)

A) Number of Unidentified Receipts
B) Number of Delinquencies
C) Delinquency Amo
D) Due Invoices
E) Number of Unapplied Receipts

2. 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) Chargeback
B) Invoice
C) Debit Memo
D) Write Off

3. 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.)

A) Accounting Date is in a Closed Period.
B) Accounting Date is in an Open Period.
C) Accounting Date is in a Future Period.
D) Accounting Period is Closed.
E) Journal Source for the external system has not been defined.

4. 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.)

A) Late Payments Only
B) Overdue Transactions and Late Payments
C) Average Quarterly Balance
D) Overdue Transactions Only
E) Fortnightly Balance

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

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

Solutions: