Oracle Financials Business Process Foundations Associate Rel 2 : 1z0-1107-2

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Oracle 1z0-1107-2 Exam Syllabus Topics:

Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:

1. Which four statements are true about an effective subledger period close? (Choose four.)

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

2. 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 65 days
B) last 55 days
C) last 45 days
D) last 50 days

3. Which process involves the comparison of planned versus actual figures by designing re-ports with the help of state-of-the-art reporting tools? (Choose the best Answer.)

A) Procure to Pay
B) Budget to Report
C) Invoice to Cash
D) Accounting Transformation

4. 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) Activities
D) Promises

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

Solutions: