Free Oracle 1z0-1107-2 Practice Exam with Questions & Answers

Subledger Accounting (SLA) is the accounting engine that is used to define the rules that help in generating the accounting entries for transactions such as supplier invoices and payments or customer invoices and receipts. SLA provides a common platform for all subledger applications to create accounting entries based on user-defined rules and mappings. SLA also provides tools for reporting, inquiry, and analysis of subledger journal entries1. References: Oracle Financials Business Process Certified Foundations Associate Rel 1

Bursting is the feature of batch scheduler that can be used to automatically distribute the Budget Vs Actual analysis reports via emails. Bursting enables you to split a single report based on a key value, such as business unit or ledger, and deliver each report segment to a different recipient or destination, such as email or printer1. References: Oracle Financials Business Process Foundations Associate Rel 2

Customer Statement to Collection is the subprocess in the Invoice to Cash life cycle flow that helps you to manage and resolve disputes for delinquent invoices. It involves sending statements to customers, identifying overdue invoices, contacting customers, applying late charges, creating dispute cases, and applying adjustments or write-offs2. References: Oracle Financials Business Process Certified Foundations Associate Rel 1

These are two true statements about creating case folders within the Customer Statement to Collections business process. A case folder is a collection of billing transactions that are related to a specific issue or dispute with a customer. You can create case folders to track and resolve issues that prevent customers from paying their invoices on time. You can also assign case owners, statuses, and priorities to each case folder1. Some facts about creating case folders are:

• Billing transactions can belong to multiple case folders, which means that a single invoice can be part of more than one issue or dispute.
• Billing transactions can be of multiple currencies, which means that you can include invoices with different currencies in the same case folder.
• Billing transactions must belong to the same bill-to customer, which means that you cannot mix invoices from different customers in the same case folder.
• Billing transactions must be of the same currency conversion type, which means that you cannot mix invoices with different conversion methods, such as corporate or spot rate, in the same case folder. References: Oracle Financials Business Process Certified Foundations Associate Rel 1

These are the four factors that are responsible for calculating taxes on Receivables transactions. Products are the goods or services that are sold, and they may have different tax rates or exemptions. Plans are the pricing or discounting schemes that may affect the taxable amount. Processes are the business flows or events that trigger tax calculation, such as invoicing, adjusting, or crediting. Parties are the entities involved in the transaction, such as customers, suppliers, or legal entities, and they may have different tax statuses or registrations. Places are the locations where the transaction occurs or where the products are delivered, and they may have different tax jurisdictions or rules1. References: Oracle Financials Business Process Certified Foundations Associate Rel 1

Budget to Report is the process that involves the comparison of planned versus actual figures by designing reports with the help of state-of-the-art reporting tools. It covers the steps from creating and managing budgets, forecasting and planning, consolidating and closing financial periods, and generating and analyzing financial reports1. References: Oracle Financials Business Process Foundations Associate Rel 2

Expense Auditor is the job role that would be recommended for a person who is authorized to review and identify the compliance issues with the submitted expense reports. Expense Auditor is responsible for auditing expense reports for policy violations, duplicate expenses, missing receipts, and other errors. Expense Auditor can also approve, reject, or return expense reports for correction2. References: Oracle Financials Business Process Certified Foundations Associate Rel 1

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. References: Oracle Financials Business Process Certified Foundations Associate Rel 1

This is the correct accounting entry for reconciling a payment with a bank statement line when the payment is accounted at both issuing and clearing time. The cash clearing account is debited to reduce the balance of the payment that was issued, and the cash account is credited to increase the balance of the cash that was cleared1. References: Oracle Financials Business Process Certified Foundations Associate Rel 1

Adaptive Intelligence is the technology that helps in calculating and recommending discounts for single payments in Oracle Payments. Adaptive Intelligence uses machine learning and data science to analyze historical payment data and provide optimal discount suggestions based on various factors, such as payment amount, due date, supplier profile, and cash flow1. References: Oracle Financials Business Process Foundations Associate Rel 2