Oracle 1z0-1107-2 Test Engine Practice Test Questions, Exam Dumps
100% Free 1z0-1107-2 Daily Practice Exam With 48 Questions
NEW QUESTION # 19
Your organization is exploring solutions that enable their employees to submit expenses by using opt such as SMS or Microsoft Teams. Which technology will help your organization achieve this
- A. IOT
- B. Digital Assistant
- C. Blockchain
- D. Adaptive Intelligence
Answer: B
Explanation:
The technology that will help your organization achieve the goal of enabling their employees to submit expenses by using options such as SMS or Microsoft Teams is digital assistant, which is a platform that allows users to interact with various applications and services through natural language conversations. Digital assistant can be integrated with different channels such as SMS, Microsoft Teams, Slack, Facebook Messenger, etc., and can provide users with a conversational interface to perform tasks such as creating and submitting expense reports, attaching receipts, reviewing and approving expenses, etc. Adaptive intelligence, IOT, and blockchain are not technologies that will help your organization achieve the goal of enabling their employees to submit expenses by using options such as SMS or Microsoft Teams, but rather technologies that have different purposes and functionalities. Adaptive intelligence is a technology that uses machine learning and artificial intelligence to provide insights and recommendations based on data analysis. IOT is a technology that connects physical devices and sensors to the internet and enables data collection and exchange. Blockchain is a technology that creates a distributed ledger of transactions that is secure and immutable. Reference: Oracle Digital Assistant User Guide, Oracle Expenses Cloud User Guide
NEW QUESTION # 20
What terminology is used within Oracle HCM Cloud to describe the phases and states that a candidate goes through within the hiring process?
- A. Candidate Hiring Process
- B. Candidate Hiring Workflow
- C. Candidate Selection Process
- D. Candidate Selection Workflow
Answer: B
Explanation:
The terminology used within Oracle HCM Cloud to describe the phases and states that a candidate goes through within the hiring process is candidate hiring workflow, which is a configurable set of steps that define how candidates are moved from one stage to another until they are hired or rejected. The candidate hiring workflow consists of four phases: sourcing, screening, selection, and offer, and each phase has one or more states that represent the status of the candidate in that phase. Candidate selection workflow, candidate selection process, and candidate hiring process are not terminology used within Oracle HCM Cloud to describe the phases and states that a candidate goes through within the hiring process, but rather generic terms that do not reflect the specific configuration and functionality of the system. Reference: [Oracle Recruiting Cloud User Guide], [Oracle Recruiting Cloud User Guide]
NEW QUESTION # 21
Your organization has a requirement to ensure that the expense reports are reviewed on a regular basis to comply with its reimbursement policies. Which job role would you recommend for a person who is authorized to review and identify the compliance issues with the submitted expense reports? (Choose the best Answer.)
- A. Accounts Payables Specialist
- B. Expense Manager
- C. Procurement Agent
- D. Expense Auditor
Answer: D
Explanation:
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. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 22
You want the ability for employees to have complete autonomy toward their own goals. Given you want employees to be able to perform many actions when it comes to their goals, what are the main actions employees can perform when their Manager assigns them a goal?
- A. Communicate the progress of their goal for the Manager to update
- B. Create new career goals
- C. Share goals with colleagues
- D. Manage and update goals
Answer: D
Explanation:
Employees can manage and update their goals from the My Goals page, where they can edit, delete, or complete their goals, as well as add new goals or subgoals. They can also communicate the progress of their goals to their managers by updating the status, completion percentage, and comments fields. Creating new career goals is not an action that employees can perform when their manager assigns them a goal, but rather a separate process that involves using the Career Development page. Sharing goals with colleagues is not an action that employees can perform from the My Goals page, but rather a feature that requires enabling the Goal Sharing profile option. Reference: [Oracle Goal Management Cloud User Guide], [Oracle Career Development Cloud User Guide], [Oracle Goal Management Cloud Implementation Guide]
NEW QUESTION # 23
Which Absence-related data can an employee access apart from being able to add an absence and review existing absences?
- A. Balance Adjustment Requests
- B. Absence Processing Rules
- C. Absence Calculation Rules
- D. Plan Balances
Answer: D
Explanation:
Employees can access their plan balances from the Absence Balance page, which shows the current balance and projected balance for each absence plan they are enrolled in1. Absence calculation rules and absence processing rules are not visible to employees, but only to administrators2. Balance adjustment requests are not a type of absence-related data, but a type of action that employees can perform to request changes to their plan balances3. Reference: Oracle Absence Management Cloud User Guide, Oracle Absence Management Cloud Implementation Guide, Oracle Global Human Resources Cloud User Guide
NEW QUESTION # 24
An HR Administrator has designed the performance evaluation process to suit the competencies tied to an employee role. The administrator also designed the ability to rate how an employee progressed throughout the year to show areas where they have improved. The performance evaluation is designed in such a way that employees can rate their competencies. Other than this information, what criteria is required?
- A. Job Role
- B. Communication Style
- C. Skills
- D. Goals
Answer: D
Explanation:
Apart from competencies, another criteria that is required for the performance evaluation process is goals, which are the specific, measurable, achievable, relevant, and time-bound objectives that the employee sets and works towards during the performance period. Goals are an essential part of the performance evaluation process, because they help align the employee's work with the organization's strategy and vision, as well as measure the employee's progress and achievements. Skills, job role, and communication style are not criteria that are required for the performance evaluation process, but rather information that can be used for other purposes such as talent management or career development. Reference: Oracle Performance Management Cloud User Guide, Oracle Performance Management Cloud User Guide
NEW QUESTION # 25
Your organization is exploring solutions that enable their employees to submit expenses by using opt such as SMS or Microsoft Teams. Which technology will help your organization achieve this? (Choose the best Answer.)
- A. IOT
- B. Blockchain
- C. Adaptive Intelligence
- D. digital Assistant
Answer: D
Explanation:
Digital Assistant is the technology that will help your organization achieve the solution of enabling their employees to submit expenses by using opt such as SMS or Microsoft Teams. Digital Assistant is a conversational interface that allows users to interact with various applications and services through natural language. Users can use Digital Assistant to create and submit expense reports, attach receipts, review approvals, and check reimbursements using their preferred channels, such as SMS, Microsoft Teams, Slack, or Facebook Messenger2. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 26
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 Billing Cycle > Define BFB Payment Terms > 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 Payment Terms > Define BFB Billing Cycle > Enable BFB in the Customer Profile > Attach BFB Payment Terms to Customer
Answer: B
Explanation:
This is the recommended order of steps that needs to be followed to complete your configuration of the Balance Forward Billing feature. Balance Forward Billing is a feature that enables you to consolidate multiple invoices into a single bill and send it to your customers at regular intervals, such as monthly or quarterly. To configure Balance Forward Billing, you need to perform the following steps1:
Define BFB Billing Cycle: This step involves creating a billing cycle name, description, and frequency for generating balance forward bills.
Define BFB Payment Terms: This step involves creating payment terms that specify the due date and discount date for balance forward bills.
Enable BFB in the Customer Profile: This step involves enabling the Balance Forward Billing option in the customer profile class or customer account level.
Attach BFB Payment Terms to Customer: This step involves assigning the balance forward payment terms to the customer account or site level. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 27
Glenn Systems has decided to create accounting for payments at the time of issuing, as well as at the time of clearing the payments. Which accounting entry will be generated by the sys-tem when the payment gets reconciled with a bank statement line? (Choose the best Answer.)
- A. Debit -AP Liability Credit-Cash Clearing Account
- B. Debit Cash Clearing Account Credit-Cash Account
- C. Debit-AP Liability Credit-Cash Account
- D. Debit-Expense Credit-Cash Account
Answer: B
Explanation:
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. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 28
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. Number of Unidentified Receipts
- B. Number of Unapplied Receipts
- C. Due Invoices
- D. Delinquency Amo
- E. Number of Delinquencies
Answer: C,D,E
Explanation:
These are three attributes that can be used to evaluate the scoring in the collections business process. Scoring is a process that assigns a numeric value to customers based on their payment behavior and credit risk. Scoring helps collections agents to prioritize their actions and focus on the most critical customers. Scoring can be based on various attributes, such as delinquency amount, number of delinquencies, due invoices, days sales outstanding, credit limit utilization, or payment performance1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 29
Company want to desgin layout based on business requirement for Oracle Cloud Financial ERP.
Identify which Oracle tool is will suit this need
- A. Spreadsheat
- B. Golden Gate
- C. BI Publisher
- D. OTBI
Answer: C
Explanation:
The Oracle tool that will suit the need of designing layout based on business requirement for Oracle Cloud Financial ERP is BI Publisher, which is a reporting tool that allows users to create and customize reports using various data sources and output formats. BI Publisher provides a graphical user interface for designing layout templates, as well as a set of predefined templates that can be modified according to the business requirement. OTBI, Golden Gate, and Spreadsheet are not Oracle tools that will suit the need of designing layout based on business requirement for Oracle Cloud Financial ERP, but rather tools that have different purposes and functionalities. OTBI is a business intelligence tool that allows users to create and analyze ad hoc reports and dashboards using real-time transactional data. Golden Gate is a data integration tool that allows users to replicate and synchronize data across heterogeneous databases and platforms. Spreadsheet is a generic term for an application that allows users to create and manipulate data in tabular form. Reference: Oracle Business Intelligence Publisher User's Guide, Oracle Transactional Business Intelligence Enterprise for Financials Cloud Service User Guide, Oracle GoldenGate Documentation Library
NEW QUESTION # 30
Sharon is working as a collections manager and he is interested in performing an analysis based on the difference between the date of settlement and the due date of payment of invoice. Which key performance indicator will help him to review this information? (Choose the best Answer.)
- A. Collector Effective Index
- B. Average Days Delinquent
- C. Promise to Pay
- D. Days Sales Outstanding
- E. Percent Current
Answer: B
Explanation:
Average Days Delinquent is the key performance indicator that will help you to perform an analysis based on the difference between the date of settlement and the due date of payment of invoice. Average Days Delinquent is a measure of how long it takes for customers to pay their overdue invoices. It is calculated by dividing the total number of delinquent days by the number of delinquent invoices. It indicates the average delay in payment and the effectiveness of your collections efforts1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 31
An organization is designing their performance proceess flow. They would like to have a simplified process but also want to capture HR, employee, and manager feedback in the evaluation. As a standard practice, it was decided that once an employee completes their performance self-evaluation, it will then go to the next role. Which role is that?
- A. Their HR Business Partner
- B. Their manager
- C. Their colleague to request peer feedback
- D. Remains in their talent profile
Answer: A
Explanation:
The next role that the employee's performance self-evaluation will go to after they complete it is their HR business partner, which is a type of user that has access to the HR Business Partner role in Oracle HCM Cloud. The HR business partner can review and approve the employee's performance self-evaluation from the Manage Performance Evaluations page, where they can also view and edit the performance document, add comments, and attach documents. Their manager, their talent profile, and their colleague are not roles that the employee's performance self-evaluation will go to after they complete it, but rather roles that may be involved in other steps or stages of the performance evaluation process. Their manager can initiate and finalize the performance evaluation for the employee, as well as provide feedback and ratings. Their talent profile can store and display the employee's performance ratings and achievements, as well as their skills, qualifications, competencies, and career preferences. Their colleague can provide peer feedback for the employee if requested by the manager or the employee. Reference: Oracle Global Human Resources Cloud User Guide, [Oracle Performance Management Cloud User Guide], [Oracle Performance Management Cloud User Guide], [Oracle Talent Management Cloud User Guide], [Oracle Performance Management Cloud User Guide]
NEW QUESTION # 32
Which four factors are responsible for calculating taxes on Receivables transactions? (Choose four.)
- A. Products
- B. Parties
- C. Plans
- D. Processes
- E. Programs
- F. Places
Answer: A,B,C,D,F
Explanation:
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. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 33
Your company will be using compensation history to display compensation for employees and managers. What are the 4 groups of compensation history that will be displayed? (Choose four.)
- A. Recurring Payments
- B. Payroll
- C. Stock
- D. Salary
- E. Other Compensation
- F. Benefits
Answer: A,B,D,F
Explanation:
The compensation history page displays the compensation for employees and managers in four groups: recurring payments, benefits, salary, and payroll1. Recurring payments include any regular earnings or deductions that are not part of the base salary, such as allowances, bonuses, commissions, or taxes2. Benefits include any employer-provided or employee-elected benefits that have a monetary value, such as health insurance, retirement plans, or stock options3. Salary includes the base salary and any salary changes that occurred during the selected period. Payroll includes the payroll results and payslips for each payroll period that the employee was paid in. Other compensation and stock are not groups of compensation history, but rather types of compensation that may fall under one of the four groups. Reference: Oracle Compensation Cloud User Guide, Oracle Global Payroll Cloud User Guide, Oracle Benefits Cloud User Guide, [Oracle Global Human Resources Cloud User Guide], [Oracle Global Payroll Cloud User Guide]
NEW QUESTION # 34
Your organization has decided to apply late charges against overdue customer transactions as well as delayed payments. Your manager has requested you to evaluate the various methods that can be used to calculate late charges. Which three are valid options for calculating late charges? (Choose three.)
- A. Late Payments Only
- B. Average Quarterly Balance
- C. Overdue Transactions Only
- D. Overdue Transactions and Late Payments
- E. Fortnightly Balance
Answer: A,C,D
Explanation:
These are three valid options for calculating late charges for overdue customer transactions and delayed payments. Late charges are fees that are applied to customers who fail to pay their invoices on time or make partial payments. You can calculate late charges based on various methods, such as overdue transactions only, late payments only, overdue transactions and late payments, or balance forward billing1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 35
Robert works as a General Accountant for Glenn Systems and he has a requirement to inquire and analyze the GL Account balances on a regular basis. Which tool can he use to in-quire and analyze the GL Account balances online? (Choose the best Answer.)
- A. Balance Tracker
- B. Balance Inspector
- C. Account Inspector
- D. Account Tracker
Answer: D
Explanation:
Account Tracker is a tool that enables you to drill down from balances to journals and subledger transactions. You can use it to inquire and analyze the GL account balances online. You can also view graphical representations of balances and drill down to source transactions3. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 36
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. Journal Source for the external system has not been defined.
- B. Accounting Date is in a Closed Period.
- C. Accounting Date is in an Open Period.
- D. Accounting Period is Closed.
- E. Accounting Date is in a Future Period.
Answer: B,D,E
Explanation:
These are three possible reasons for the error when importing a journal from an external system. If the accounting period or the accounting date is closed, you cannot import journals for that period or date. If the accounting date is in a future period, you cannot import journals until the period is opened4. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 37
The employee's career development is crucial to your organization as it's a way to retain your topperforming employees at your company. You would like for the Manager and employee to be in communication on this topic on a quarterly basis and be aware of what open roles within the company their direct reports would be a strong fit for. In order to put actions into conversations when it comes to the development of an employee, what employee information do Managers have access to?
- A. The employee's career preference statement
- B. Performance evaluation
- C. Roles of interest
- D. Goals
Answer: C
Explanation:
The employee information that managers have access to when it comes to the development of an employee is roles of interest, which are the roles that the employee has expressed interest in pursuing as part of their career aspirations. Managers can view the roles of interest for each of their direct reports from the Career Planning page, where they can also see the fit score and gap analysis for each role based on the employee's skills and qualifications. Managers can use this information to guide their employees in finding suitable learning opportunities and career paths within the organization. Goals, performance evaluation, and the employee's career preference statement are not employee information that managers have access to when it comes to the development of an employee, but rather information that managers can use for other purposes such as performance management or goal management. Reference: Oracle Career Development Cloud User Guide, Oracle Career Development Cloud User Guide
NEW QUESTION # 38
Your organization wants to implement a process that helps in recording requisitions, buying goods or services, and managing supplier invoices and payments. Which Financials business process would you recommend to achieve this? (Choose the best Answer.)
- A. Invoice to Cash
- B. Budget to Report
- C. Asset to Retirement
- D. Procure to Pay
Answer: D
Explanation:
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. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 39
Which two statements are true about running the financial statements that are designed using Financial Reporting Web Studio? (Choose two.)
- A. Financial statements are generated using the data directly from the transactional tables.
- B. Business users can easily slice and dice the data across dimensions, and drill up, down, and sideways at any parent level.
- C. Financial statements can be generated only in HTML format.
- D. Financial statements can be generated using different hierarchies to represent the data from different perspectives.
Answer: B,D
Explanation:
These are two true statements about running the financial statements that are designed using Financial Reporting Web Studio. Financial Reporting Web Studio is a tool that enables users to create and manage financial reports using data from various sources, such as General Ledger or Essbase Cubes. Users can generate financial statements using different hierarchies to represent the data from different perspectives, such as legal entity, business unit, segment, or account. Users can also easily slice and dice the data across dimensions, and drill up, down, and sideways at any parent level to analyze the details behind the numbers2. Reference: Oracle Financials Business Process Foundations Associate Rel 2
NEW QUESTION # 40
Apart from being manually added into the system, where else might Pending Workers come from?
- A. Talent Management Processing
- B. Pending Worker Self Register
- C. Recruiting
- D. Compensation Processing
Answer: C
Explanation:
Pending workers can come from recruiting, which is a process that involves sourcing, screening, selecting, and hiring candidates for job openings. When a candidate is hired from the recruiting system, they are automatically created as a pending worker in the HR system, and can be later converted to an employee or a contingent worker. Talent management processing, pending worker self register, and compensation processing are not sources of pending workers, but rather processes that involve managing the performance, development, career, and rewards of existing workers . Reference: [Oracle Recruiting Cloud User Guide], [Oracle Recruiting Cloud Implementation Guide], [Oracle Talent Management Cloud User Guide], [Oracle Career Development Cloud User Guide], [Oracle Compensation Cloud Implementation Guide]
NEW QUESTION # 41
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