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Oracle 1z0-1107-2 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Asset Acquisition to Retirement15%- Fixed Assets Lifecycle
  • 1. Depreciation
  • 2. Asset Retirement
  • 3. Asset Acquisition
  • 4. Asset Transfer
  • 5. Asset Capitalization
Topic 2: Procure to Pay Process20%- Accounts Payable Processes
  • 1. Expense Reimbursement
  • 2. Invoice Processing
  • 3. Cash Reconciliation
  • 4. Payment Processing
  • 5. Supplier Management
Topic 3: Oracle Cloud Financials Overview10%- Financials Business Models
  • 1. Oracle Fusion Cloud Financials Overview
  • 2. Financial Management Concepts
  • 3. Enterprise Structures
  • 4. Business Process Architecture
Topic 4: Accounting Transformation15%- Subledger Accounting
  • 1. Journal Processing
  • 2. Posting to General Ledger
  • 3. Financial Data Integration
  • 4. Accounting Entries
Topic 5: Invoice to Cash Process20%- Accounts Receivable Processes
  • 1. Collections Management
  • 2. Receipt Processing
  • 3. Customer Management
  • 4. Revenue Recognition
  • 5. Invoice Creation
Topic 6: Budget to Report Process20%- Financial Planning and Reporting
  • 1. Period Close Process
  • 2. Forecasting
  • 3. Financial Reporting
  • 4. Business Intelligence and Analytics
  • 5. Budget Management

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


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


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


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) Strategy Tasks
B) Activities
C) Promises
D) Delinquent


5. 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 55 days
B) last 45 days
C) last 65 days
D) last 50 days


Solutions:

Question # 1
Answer: A,C,D,E
Question # 2
Answer: A,B,E
Question # 3
Answer: A,B,E
Question # 4
Answer: B
Question # 5
Answer: B

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