Updated Nov-2023 Exam 1z0-1107-2 Dumps - Pass Your Certification Exam
Latest Real Oracle 1z0-1107-2 Exam Dumps Questions
NEW QUESTION # 10
Cash Management provides you the flexibility to create external transactions. Which two types of transactions can be categorized as external? (Choose two.)
- A. bank charges
- B. late charges on delayed customer payments
- C. bank interest
- D. penalty for delayed supplier payments
Answer: A,C
Explanation:
These are two types of transactions that can be categorized as external in Cash Management. External transactions are transactions that are not generated by Oracle applications, but are manually entered or imported from external sources, such as bank statements or third-party systems. External transactions can include bank charges, bank interest, bank errors, adjustments, or transfers1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 11
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 an Asset Account.
- B. The "Track as Asset" check box must be selected for the invoice distribution lines.
- C. Payable Invoice must be validated and accounted.
- D. Payable Invoice must be transferred to General Ledger.
- E. Invoice Lines must be charged to a Revenue Account.
Answer: A,B,C,D
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 # 12
Which three preferred delivery methods can you choose to send statements to your customers while defining customer profile classes? (Choose three.)
- A. SMS
- B. Fax
- C. Print
- D. Email
- E. WhatsApp
Answer: B,C,D
Explanation:
These are three preferred delivery methods that you can choose to send statements to your customers while defining customer profile classes. A customer profile class is a grouping of customers that share common attributes, such as credit limits, payment terms, or statement cycles. You can define the preferred delivery method for each customer profile class to specify how you want to send statements to your customers. The available delivery methods are fax, print, email, or none1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 13
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. Delinquent
- B. Strategy Tasks
- C. Promises
- D. Activities
Answer: D
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 # 14
Your organization uses Cloud Time and Labor for processing reported time and needs to know the options for entering time for Time and Labor to process. What are the three options that can be used? (Choose three.)
- A. Element Entry
- B. Time Cards
- C. Time Sheets
- D. Web Clock
- E. Third Party Device
Answer: A,B,C
Explanation:
The three options that can be used for entering time for Time and Labor to process are time sheets, time cards, and element entry. Time sheets are web-based forms that allow workers to enter their time for one or more days in a week or a month. Time cards are web-based forms that allow workers to enter their time for a single day or a single time entry. Element entry is a process that allows payroll administrators to enter time elements for workers who are not required to report their time through time sheets or time cards. Web clock and third party device are not options that can be used for entering time for Time and Labor to process, but rather sources of time data that can be imported into Time and Labor through integrations or file-based loaders. Reference: [Oracle Time and Labor Cloud User Guide], [Oracle Time and Labor Cloud User Guide], [Oracle Global Payroll Cloud User Guide], [Oracle Time and Labor Cloud Implementation Guide], [Oracle Time and Labor Cloud Implementation Guide]
NEW QUESTION # 15
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. Temporary
- B. Interim
- C. Provisional
- 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 # 16
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. IOT
- B. Adaptive Intelligence
- C. Blockchain
- D. Digital Assistant
Answer: D
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 # 17
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. Roles of interest
- B. Performance evaluation
- C. The employee's career preference statement
- D. Goals
Answer: A
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 # 18
Which part of Work Life does Mentorship fall under?
- A. Social Reputation
- B. Volunteering -
- C. Wellness
- D. Personal Brand
Answer: D
Explanation:
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
NEW QUESTION # 19
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. 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
- D. Completing the Meals Rate Spreadsheet > Setting up Policy Violations > Setting up a Meals Policy > Associating the Meals Expense Policy with an Expendim Type
Answer: A
NEW QUESTION # 20
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. 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
- D. Completing the Meals Rate Spreadsheet > Setting up Policy Violations > Setting up a Meals Policy > Associating the Meals Expense Policy with an Expendim Type
Answer: A
Explanation:
This is the correct sequence of steps that should be performed to define the meals expense policy. A meals expense policy is a policy that defines the rules and limits for reimbursing meals expenses incurred by employees during their business trips. To set up a meals expense policy, you need to perform the following steps2:
Setting up a Meals Policy: This step involves creating a meals policy name, description, and effective dates.
Setting up Policy Violations: This step involves defining the conditions and actions for detecting and handling policy violations, such as warnings, errors, or audit flags.
Completing the Meals Rate Spreadsheet: This step involves entering the meal rates for different locations, currencies, and time periods in a spreadsheet template and uploading it to the system.
Associating the Meals Expense Policy with an Expense Type: This step involves linking the meals expense policy with an expense type that is used to categorize and report meals expenses. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 21
What terminology is used within Oracle HCM Cloud to describe the phases and states that a candidate goes through within the hiring process?
- A. Candidate Hiring Workflow
- B. Candidate Hiring Process
- C. Candidate Selection Workflow
- D. Candidate Selection Process
Answer: A
Explanation:
The terminology used within Oracle HCM Cloud to describe the phases and states that a candidate goes through within the hiring process is candidate hiring workflow, which is a configurable set of steps that define how candidates are moved from one stage to another until they are hired or rejected. The candidate hiring workflow consists of four phases: sourcing, screening, selection, and offer, and each phase has one or more states that represent the status of the candidate in that phase. Candidate selection workflow, candidate selection process, and candidate hiring process are not terminology used within Oracle HCM Cloud to describe the phases and states that a candidate goes through within the hiring process, but rather generic terms that do not reflect the specific configuration and functionality of the system. Reference: [Oracle Recruiting Cloud User Guide], [Oracle Recruiting Cloud User Guide]
NEW QUESTION # 22
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. Debit Memo
- B. Chargeback
- C. Invoice
- D. Write Off
Answer: A
Explanation:
Debit Memo is the type of transaction that you would create to record the debit item for USD 2000. A debit memo is a transaction that increases the amount owed by a customer, such as a partial payment, a penalty, or a price adjustment. You can create a debit memo to close the original invoice and generate a new invoice for the remaining amount1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 23
Company want to desgin layout based on business requirement for Oracle Cloud Financial ERP.
Identify which Oracle tool is will suit this need
- A. OTBI
- B. Golden Gate
- C. BI Publisher
- D. Spreadsheat
Answer: C
Explanation:
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
NEW QUESTION # 24
Chargeback will
- A. Decrease the Invoice amount left and create another debit Item
- B. The Invoice amount is not touched and create another debit Item
- C. Increase the Invoice amount left and create another debit Item
- D. The Invoice amount is not touched and create another Credit Item
Answer: A
Explanation:
Chargeback will decrease the invoice amount left and create another debit item. Chargeback is a process of applying an unpaid invoice amount to a new invoice. It reduces the balance due on the original invoice and creates a new invoice with a new due date and a new transaction number. Reference: Oracle Financials Business Process Foundations Associate Rel 2, page 13-14.
NEW QUESTION # 25
Glenn Systems runs an advertising campaign on a monthly basis for which the expenses are incurred by the Head Office. They have a requirement to distribute the advertising ex-penses by each line of business at the end of a period. Which tool can they use to automate the distribution at the end of a period? (Choose the best Answer.)
- A. Calculation Manager
- B. BI Publisher
- C. Close Monitor
- D. Account Group
Answer: A
Explanation:
Calculation Manager is the tool that you can use to automate the distribution of the advertising expenses by each line of business at the end of a period. Calculation Manager is a tool that enables you to create and manage allocation rules that define how to distribute amounts from a source to one or more destinations based on various criteria, such as percentages, ratios, or formulas. You can schedule and run allocation rules periodically or on demand1. Reference: Oracle Financials Business Process Foundations Associate Rel 2
NEW QUESTION # 26
Which step is not part of the dispute management process?
- A. Receiving dispute cases
- B. Receipt application
- C. Credit memo creation and approval
- D. Initiating refund
Answer: B
Explanation:
The step that is not part of the dispute management process is receipt application, which is a process that involves applying customer payments to invoices or other transactions. Receipt application is not part of the dispute management process, but rather part of the Invoice to Cash process, which involves billing customers and collecting payments for goods or services. Initiating refund, receiving dispute cases, and credit memo creation and approval are steps that are part of the dispute management process, which is a process that involves resolving customer disputes over invoices or other transactions. Initiating refund is a step that involves issuing a refund to the customer for the disputed amount. Receiving dispute cases is a step that involves creating and tracking dispute cases for each customer dispute. Credit memo creation and approval is a step that involves creating and approving credit memos for the disputed transactions. Reference: Oracle Receivables Cloud User Guide, Oracle Receivables Cloud User Guide, Oracle Receivables Cloud User Guide, Oracle Receivables Cloud User Guide
NEW QUESTION # 27
Your organization follows the integrated invoice imaging solution to scan and process sup-plier invoices. Steve is a Payables clerk and his job is to regularly review the invoices created from an invoice image that has invalid or missing dat a. In which status can these invoices be found? (Choose the best Answer.)
- A. Not Validated
- B. Incomplete
- C. Needs Revalidation
- D. Validated
Answer: B
Explanation:
Incomplete is the status in which you can find the invoices created from an invoice image that has invalid or missing data. The integrated invoice imaging solution is a solution that enables you to scan and process supplier invoices using optical character recognition (OCR) technology. The solution automatically creates invoices from invoice images and validates them against your setup data. If the invoice image has invalid or missing data, such as supplier name, invoice number, or invoice amount, the invoice is created with an incomplete status and requires manual intervention1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 28
An employee has created a learning community about graphic designing. She has kept the community open to members. She branded the community and uploaded a video to show how a particular design was created. Members of that learning community have the option to view and comment on the designs that are uploaded. What is another action that members can do to the learning communities they are a part of?
- A. Make the community private
- B. Delete the community page
- C. Invite members from another community to share feedback
- D. Upload videos
Answer: D
Explanation:
Members of a learning community can upload videos to share their knowledge and skills with other members. Uploading videos is one of the ways that members can contribute to the learning community and enhance their learning experience. Deleting the community page, making the community private, and inviting members from another community are not actions that members can do to the learning communities they are a part of, but rather actions that only the community owner or administrator can do. Reference: [Oracle Learning Cloud User Guide], [Oracle Learning Cloud User Guide]
NEW QUESTION # 29
Which report is used to monitor absence trends and analyses?
- A. Absence Monitoring Report
- B. Employee Absence Analyses
- C. Leave Time & Balances Report
- D. Absence Trends Report
Answer: D
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 # 30
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. Reporting Currency
- B. Ledger Currency
- C. Foreign Currency
- D. Statistical Currency
Answer: D
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 # 31
Your organization wants to implement a process that helps in recording requisitions, buying goods or services, and managing supplier invoices and payments. Which Financials business process would you recommend to achieve this? (Choose the best Answer.)
- A. Budget to Report
- B. Procure to Pay
- C. Asset to Retirement
- D. Invoice to Cash
Answer: B
Explanation:
Procure to Pay is a business process that covers the steps from requesting, ordering, receiving, and paying for goods or services. It involves requisitions, purchase orders, invoices, payments, and supplier management2. It is the recommended process for recording requisitions, buying goods or services, and managing supplier invoices and payments. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 32
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