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

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

3. Your organization has decided to use the Balance Forward Billing feature to consolidate multiple invoices into a single bill and you have been asked to configure this feature. What is the recommended order of steps that needs to be followed to complete your configuration? (Choose the best Answer.)

A) Enable BFB in the Customer Profile > Define BFB Payment Terms > Define BFB Billing Cycle > Attach BFB Payment Terms to Customer
B) Define BFB Payment Terms > Define BFB Billing Cycle > Enable BFB in the Customer Profile > Attach BFB Payment Terms to Customer
C) Define BFB Payment Terms > Attach BFB Payment Terms to Customer > Enable BFB in the Customer Profile > Define BFB Billing Cycle
D) Define BFB Billing Cycle > Define BFB Payment Terms > Enable BFB in the Customer Profile > Attach BFB Payment Terms to Customer

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

5. Glenn Systems owns a luxury car and they want to restrict the amount of depreciation that should be charged to this asset in a particular period. Which two types of depreciation ceiling can they use to achieve this? (Choose two.)

A) Depreciation Cost Ceiling
B) Depreciation Rate Ceiling
C) Depreciation Period Ceiling
D) Depreciation Expense Ceiling

Solutions: