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Oracle 1z0-1107-2 Exam Syllabus Topics:

Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:

1. 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 Manager
C) Tax Simulator
D) Tax Tester

2. Which four factors are responsible for calculating taxes on Receivables transactions? (Choose four.)

A) Products
B) Places
C) Plans
D) Parties
E) Programs
F) Processes

3. 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) Overdue Transactions and Late Payments
C) Fortnightly Balance
D) Average Quarterly Balance
E) Overdue Transactions Only

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

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

5. John works as a Cash Manager in Glenn Systems and he wants to create the Cash Positioning report by using the predefined system transactions as sources. Identify three predefined sources that John can choose to create this report.? (Choose three.)

A) AP Payments
B) Purchase Orders
C) AR Invoices
D) Purchase Requisitions
E) AP Invoices

Solutions: