Free Oracle 1z0-1107-2 Exam Actual Questions

The questions for 1z0-1107-2 were last updated On Mar 28, 2025

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Question No. 1

Your organization has decided to use specific business days for which the transactions should be considered in the cash positioning report. Which calendar would you assign to achieve this requirement on the Specify Cash Positioning and Forecast Options page? (Choose the best Answer.)

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Correct Answer: D

Default Transaction Calendar is the calendar that you would assign to achieve the requirement of using specific business days for which the transactions should be considered in the cash positioning report. The Specify Cash Positioning and Forecast Options page is a page where you can define the options and preferences for generating and viewing the cash positioning report. You can assign a default transaction calendar to specify the business days that are used to filter and group transactions in the report.The default transaction calendar can be different from the accounting calendar or the source calendar1.Reference:Oracle Financials Business Process Certified Foundations Associate Rel 1


Question No. 2

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

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Correct Answer: A, B, C, E, F

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


Question No. 3

John is working as a Cash Manager for Glenn Systems and regularly uses the Unreconciled infolet to review the unreconciled Bank Statement Lines and System Transactions. He is not able to find the details of some transactions on this infolet because there is a limitation for the number of days for which the data appears on this infolet. Identify the number of days for which data appears on this infolet.? (Choose the best Answer.)

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Correct Answer: D

The Unreconciled infolet displays data for the last 45 days by default. The Unreconciled infolet is an infolet that shows the unreconciled bank statement lines and system transactions for your bank accounts. You can use it to monitor and reconcile your cash transactions with your bank statements.You can also change the number of days for which data appears on this infolet by using the filter option1.Reference:Oracle Financials Business Process Certified Foundations Associate Rel 1


Question No. 4

Your organization follows the integrated invoice imaging solution to scan and process sup-plier invoices. Steve is a Payables clerk and his job is to regularly review the invoices created from an invoice image that has invalid or missing dat

a. In which status can these invoices be found? (Choose the best Answer.)

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Correct Answer: C

Incomplete is the status in which you can find the invoices created from an invoice image that has invalid or missing data. The integrated invoice imaging solution is a solution that enables you to scan and process supplier invoices using optical character recognition (OCR) technology. The solution automatically creates invoices from invoice images and validates them against your setup data.If the invoice image has invalid or missing data, such as supplier name, invoice number, or invoice amount, the invoice is created with an incomplete status and requires manual intervention1.Reference:Oracle Financials Business Process Certified Foundations Associate Rel 1


Question No. 5

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.)

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Correct Answer: C

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


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