Free Oracle 1z0-1107-2 Exam Actual Questions

The questions for 1z0-1107-2 were last updated On Dec 20, 2024

Question No. 1

Glenn Systems runs an advertising campaign on a monthly basis for which the expenses are incurred by the Head Office. They have a requirement to distribute the advertising ex-penses by each line of business at the end of a period. Which tool can they use to automate the distribution at the end of a period? (Choose the best Answer.)

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Question No. 3

Ganesh works for Glenn Systems as a General Accountant and he has a requirement to create periodic allocations at the end of the month to distribute welfare expenses. The allocations will be based on headcounts in each department. In which currency should the journal entry be created to load the headcounts? (Choose the best Answer.)

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Question No. 4

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

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Correct Answer: A, C, D, E

These are four true statements about creating assets from Payable Invoice lines by using the Create Mass Additions process. The Create Mass Additions process is a process that enables you to create assets from invoice lines in Oracle Payables and import them into Oracle Assets.To use this process, the following conditions must be met1:

The Payable Invoice must be validated and accounted, which means that the invoice has passed the validation rules and has been assigned accounting entries.

The Invoice Lines must be charged to an Asset Account, which is an account that is mapped to an asset category in Oracle Assets.

The ''Track as Asset'' check box must be selected for the invoice distribution lines, which indicates that the invoice lines are eligible for asset creation.

The Payable Invoice must be transferred to General Ledger, which means that the accounting entries for the invoice have been posted to the ledger and are available for reporting.Reference:Oracle Financials Business Process Certified Foundations Associate Rel 1


Question No. 5

Your manager is about to schedule the create accounting job to generate accounting entries on a periodic basis. Process Category is one of the parameters that could be optionally selected while submitting this job and your manager wants to know its relevance. What will be your response? (Choose the best Answer.)

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