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Oracle 1z0-1107-2 Dumps Questions Answers

Exam Code: 1z0-1107-2
Exam Name: Oracle Financials Business Process Foundations Associate Rel 2
Last Update: Jun 20, 2024
47 Questions Answers with Explanation Detail
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Oracle 1z0-1107-2 Last Week Results!

150

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Oracle 1z0-1107-2

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Oracle Financials Cloud 1z0-1107-2 Exam Domains

Main Domains Covered in the Oracle Financials Cloud 1z0-1107-2 Exam:

  • Navigating Oracle Financials Cloud: Candidates are assessed on their ability to navigate through the Oracle Financials Cloud interface, including understanding the dashboard, using global search, and accessing reports and analytics. This domain lays the foundation for effective use of the software.
  • Common Financials Configuration: This area focuses on setup and configuration tasks required across financial modules. It includes managing chart of accounts, currencies, calendars, and ledgers which are crucial for accurate financial reporting.
  • General Ledger: Key topics include journal entries, allocations, periodic close processes, and financial reporting. Mastery of these topics ensures candidates can manage and report an organization's financial data accurately.
  • Payables and Receivables: This domain covers comprehensive knowledge on managing payables (suppliers invoices, payments) and receivables (customer billing and collections). Understanding these areas is vital for managing cash flow effectively.
  • Assets Management: Focuses on fixed assets lifecycle from acquisition to retirement. Topics include asset recording, depreciation, revaluation, and impairment which are essential for maintaining accurate asset valuation.
  • Expenses Management: Candidates must understand how to manage employee expenses claims including policies compliance checks. This is important for controlling operational costs while ensuring employee satisfaction.
  • Risk Management with Advanced Controls: This area emphasizes setting up advanced controls for preventing fraud and ensuring compliance with regulations within financial processes. It's critical for maintaining integrity in financial operations.

Each domain represents a core aspect of Oracle Financials Cloud functionality that professionals must master to effectively manage an organization's financial processes using this platform.

The Oracle 1z0-1107-2 Oracle Financials Business Process Foundations Associate Rel 2 exam is tailored for professionals who are aiming to establish or enhance their career in the realm of Oracle Financials Cloud. This certification is particularly beneficial for:

  • Individuals with a foundational understanding of financial business processes and who aspire to specialize in Oracle Financials Cloud solutions.
  • Professionals seeking to validate their skills and knowledge in leveraging Oracle Financials Cloud for financial management.
  • Candidates who are already working in finance roles such as financial analysts, accountants, or finance managers and wish to transition into IT-focused roles within the same domain.

This certification serves as a testament to the candidate's proficiency in Oracle Financials Cloud, making them highly desirable for employers looking for experts to optimize their financial processes. It opens doors to numerous opportunities across various industries, especially those heavily reliant on Oracle technologies for their financial operations. The ideal candidates should possess a keen understanding of basic financial concepts, business processes, and at least some experience with ERP systems. Successfully passing this exam not only validates an individual’s competence but also significantly enhances their career prospects by demonstrating readiness to tackle complex financial challenges using Oracle solutions.

Oracle 1z0-1107-2 Exam Format and Duration

Oracle 1z0-1107-2 Exam Details:

  • Exam Name: Oracle Financials Business Process Foundations Associate Rel 2
  • Question Types: Primarily multiple-choice, may include other formats such as matching, drag and drop, or simulation.
  • Number of Questions: The exact number can vary, but typically ranges from 55 to 85 questions.
  • Total Exam Duration: Approximately 120 minutes (2 hours).
  • Passing Score: Oracle does not always publish exact passing scores as they are subject to change. Candidates should aim for a high level of competency across all exam topics.

Note: For the most accurate and up-to-date information regarding the exam format, duration, and content, candidates are encouraged to refer directly to the official Oracle certification webpage or contact Oracle Education.

  • Education: While Oracle does not mandate a specific educational background, having a degree in computer science, information technology, or related fields can be beneficial.
  • Work Experience: Practical experience with Oracle Financials Cloud and a solid understanding of financial business processes are recommended. Oracle suggests candidates have hands-on experience or practice in the relevant areas before attempting the exam.
  • Prior Certifications: There are no strict prior certification requirements for taking the 1z0-1107-2 exam. However, foundational knowledge in Oracle Cloud and familiarity with its financial services can enhance your understanding.
  • Training Courses: Although not mandatory, completing recommended training courses offered by Oracle University can significantly increase your chances of passing. These courses cover essential topics and functionalities of Oracle Financials Cloud.

The Oracle 1z0-1107-2 exam retake policy is designed to give candidates a fair chance at passing while maintaining the integrity of the certification process. Here's a breakdown of the policy:

  • First Retake: If you don't pass the exam on your first attempt, you must wait 14 days before retaking it. This waiting period allows you to review and better prepare for your next attempt.
  • Subsequent Attempts: After the second attempt, a 14-day waiting period also applies for any subsequent retakes. This ensures that candidates take the time to adequately prepare rather than rushing into repeated attempts.
  • Limitation on Attempts: There is no explicit limit on the number of times you can retake the exam, but each attempt requires payment of the associated exam fee.
  • Associated Costs: Each exam retake incurs the same cost as the initial exam. Be sure to check Oracle's official website or contact Oracle directly for current pricing details.

This policy aims to balance accessibility with maintaining high standards for Oracle certification holders.

The 1z0-1107-2 Oracle Financials Business Process Foundations Associate Rel 2 Oracle Financials Cloud certification is valid indefinitely upon successful completion of the exam. There is no expiration date for this certification, which means that once you earn it, it remains valid without the need for renewal. However, it's important to note:

  • Oracle frequently updates its certification program to reflect changes in technology and industry practices.
  • While the certification remains valid, Oracle encourages certified professionals to update their knowledge and skills by pursuing higher levels of certification or new certifications relevant to newer versions of the software.

This approach ensures that professionals maintain a current understanding of Oracle Financials Cloud solutions.

Oracle 1z0-1107-2 Study Materials

Best Study Materials for Oracle Financials Business Process Foundations Associate Rel 2 Exam

For those preparing for the Oracle 1z0-1107-2 exam, Examstrack offers an extensive range of materials designed to ensure success. Below are the top recommended resources available:

  1. Examstrack PDF Study Guides: These guides provide a comprehensive overview of all the topics covered in the exam. They are designed to give you a solid foundation in Oracle Financials Business Process Foundations Associate Rel 2 concepts. The clear explanations and focused approach make learning efficient.
  2. Examstrack Testing Engine: This unique tool offers a simulation of the actual exam environment, allowing you to become comfortable with the format and time constraints. It's an excellent way to test your knowledge and improve your time management skills.
  3. Examstrack Practice Question Banks: With a wide array of questions mirroring those on the actual exam, these question banks are invaluable for assessing your readiness. They help identify areas where further study is needed, ensuring a thorough preparation.

All these resources from Examstrack are meticulously crafted by experts to align closely with the official syllabus, ensuring that learners receive the most relevant and up-to-date information. By choosing Examstrack's study materials, students can confidently prepare for their Oracle 1z0-1107-2 examination, armed with the knowledge and practice needed to excel.

The optimal study time for the 1z0-1107-2 Oracle Financials Business Process Foundations Associate Rel 2 exam significantly depends on your existing knowledge, study habits, and how deeply you wish to grasp the material. Generally, a range of 100 to 200 hours is suggested for individuals new to the content or those who prefer a thorough review.

  • Assess your current understanding of the exam topics to better estimate your required study hours.
  • Consider your daily schedule and learning pace; some may find shorter daily study sessions more effective, while others might prefer longer sessions a few times a week.
  • Adjust your study plan based on progress. If certain areas are more challenging, allocate additional time accordingly.

It's crucial to remember that these recommendations are not one-size-fits-all. Tailoring your preparation to fit personal learning styles and life commitments will likely yield the best outcomes. The complexity of the exam and individual backgrounds play significant roles in determining the necessary preparation time.

Utilizing ExamTrack for the 1z0-1107-2 Oracle Financials Business Process Foundations Associate Rel 2 exam offers several specific benefits that cater to the needs of candidates aiming for certification success. These advantages include:

  • Structured Learning Material: The material is organized in a way that aligns with clear learning objectives, ensuring comprehensive coverage of all necessary topics.
  • Organized Multiple Choice Questions and Answers: Candidates benefit from well-structured questions and answers that mirror the format of the actual exam, enhancing familiarity and confidence.
  • Efficient Time Management: The layout and presentation of the material aid in efficient study planning and time management, crucial for balancing preparation with other commitments.
  • Free Demos: ExamTrack provides free demos, allowing candidates to gauge the quality of the material before committing fully, ensuring it meets their preparation needs.
  • Promised Success: With a focus on success, ExamTrack's materials are designed to maximize understanding and retention, promising a higher likelihood of passing the certification exams on the first attempt.

This combination of structured materials, effective learning tools, and supportive resources makes ExamTrack an ideal choice for those preparing for the Oracle 1z0-1107-2 certification exam.

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1z0-1107-2 Ratings & Reviews

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Feb 29, 2024
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1z0-1107-2 Overview

Exam Attribute Value
Exam Code 1z0-1107-2
Exam Name Oracle Financials Business Process Foundations Associate (Release 2)
Description This exam validates an examinee's foundational knowledge of Oracle Financials Cloud core business processes, including General Ledger, Accounts Payable, Accounts Receivable, and Cash Management.
Exam Structure Value
Number of Questions Unknown (not publicly available)
Question Format Likely Multiple Choice (based on typical Oracle associate-level exams)
Duration Unknown (not publicly available)
Content Domains
  • General Ledger (Weight percentage unavailable)
  • Accounts Payable (Weight percentage unavailable)
  • Accounts Receivable (Weight percentage unavailable)
  • Cash Management (Weight percentage unavailable)
  • Additional Financials Cloud Processes (Weight and specific processes unknown)

1z0-1107-2 Q&A's Detail

Exam Code:
1z0-1107-2
Total Questions:
47 Q&A's
Single Choice Questions:
28 Q&A's
Multiple Choice Questions:
19 Q&A's

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