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Oracle 1z0-1107-2 Exam Syllabus Topics:

Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:

Question 1

Your organization has decided to use the automatic reconciliation feature to reconcile bank statement lines with system transactions. Which three components will be useful for the auto-matic reconciliation of bank statements with system transactions? (Choose three.)

A. Matching Rules
B. Parse Rule Set
C. Transaction Grouping Rules
D. Transfer Rules
E. Tolerance Rules

Question 2

Which four statements are true about creating assets from Payable Invoice lines by using the Create Mass Additions process? (Choose four.)

A. Invoice Lines must be charged to an Asset Account.
B. Payable Invoice must be transferred to General Ledger.
C. Payable Invoice must be validated and accounted.
D. The "Track as Asset" check box must be selected for the invoice distribution lines.
E. Invoice Lines must be charged to a Revenue Account.

Question 3

Which tool do you use to preview the workings of your tax configuration before you per-form tax calculations on live transactions in a subledger application? (Choose the best Answer.)

A. Tax Estimator
B. Tax Tester
C. Tax Simulator
D. Tax Manager

Question 4

Glenn Systems wants to deploy automatic controls to spot unusual or inappropriate expenses based on audit percentage, policy violations, specific keywords, and individuals with specific status. Which configuration will help them achieve this? (Choose the best Answer.)

A. Expense Audit List Rules
B. Expense Report Receipt and Notification Rules
C. Expense Report Audit Selection Rules
D. Expense Report Audit Rules by Expense Templates and Types

Question 5

Easy Solutions INC has operations in the USA, UK, and Germany. USA is the parent entity and it has two subsidiary entities in UK and Germany. USA and UK entities are sharing the same chart of accounts and calendar, whereas the Germany entity has a different chart of ac-count and calendar due to some statutory requirements. Which consolidation method would you recommend to consolidate the financials balances of the Germany entity with the parent entity in the USA? (Choose the best Answer.)

A. Oracle Hyperion Financial Management Consolidation
B. Reporting only Consolidation
C. Calculation Manager Consolidation
D. Balance Transfer Consolidation

Solutions: