1Z0-1107-2 – Q&A PDF Exam

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Mock Exam 1Z0-1107-2: Oracle Financials Business Process Foundations Associate Rel 2 The Oracle Financials Business Process Foundations Associate exam will validate your understanding of all major aspects of the Oracle Financials Cloud and the business processes that are associated with it. You will be tested on the five key financial business processes lifecycles Invoice to Cash Procure to Payment Asset acquisition to retirement Accounting transformation Budget to report These burinss process use the following cloud product services: Receivables & Collections, Payables & Payments, Expenses, Cash Management, Tax, Assets, subledger accounting, and General Ledger. This is a mock exam bundle of 3 mock exams and have the similar approach in line with actual exam Question type : Multiple choice or Multi select. Number of Questions: 40 questions. Duration : 90 minutes. Passing score : 60%. The topic of the test will be on the following: Oracle Cloud Financials Business Models Financials Business Process flows Cloud tools & Emerging Technologies used in Oracle Cloud Financials Identify role based Job Roles for each Process Invoice to Cash Process flow Explain the Invoice to Receipt Process Explain the AR Capture Taxes Process Explain Statement to Collections Process Explain the AR Bank Transaction to Bank Statement Process Procure to Payment Process flow Expenses to Reimbursement Process Invoice to Payment AP Capture Taxes Process AP Cash Reconciliation Process Asset Acquisition to Retirement Process flow The Asset to Retirement Process Accounting Transformation Process flow The Sub ledger Accounting to Posting Process Budget to Report Process flow Manage Budget & Forecast Process The Capture Transaction process The Period Close to Financial Reporting Who this course is for: IT Analysts in Oracle cloud ERP Oracle Financial Functional consultants Oracle ERP implmentation consultants QUESTION 1 Which Absence-related data can an employee access apart from being able to add an absence and review existing absences? A. Plan Balances B. Absence Calculation Rules C. Balance Adjustment Requests D. Absence Processing Rules Answer: A 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 QUESTION 2 Once an employee makes their benefit election, rates will be passed to payroll. What rate from benefits enrollment gets sent to payroll? A. Communicated Amount B. Defined Amount C. No rate gets sent to payroll D. Amount Answer: C Explanation: Benefits enrollment does not send any rate to payroll, because benefits rates are calculated by the benefits engine and stored in the benefits tables, not in the payroll tables. Payroll uses the benefits element entries to determine the deductions and employer contributions for each employee. The communicated amount, defined amount, and amount are all types of benefits rates that are used for different purposes, but none of them are sent to payroll. Reference: [Oracle Benefits Cloud Implementation Guide], [Oracle Payroll Cloud Implementation Guide] QUESTION 3 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. Manage and update goals B. Communicate the progress of their goal for the Manager to update C. Create new career goals D. Share goals with colleagues Answer: A 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] QUESTION 4 As a Talent Manager, one of your goals for the year is to create a plan to retain your top talent. You would like to set up a Talent Review meeting with Managers to better assess their workforce in how you can build a plan for each worker. As you start to develop your plan, which among the following options is one of the main aspects you will need to create a successful Talent Review meeting for? A. Worker Hire Dates B. Manager feedback C. Worker salaries D. Meeting Review Content Answer: D Explanation: Meeting review content is one of the main aspects that a talent manager needs to create for a successful talent review meeting, because it defines the layout and data that will be displayed in the talent review dashboard for each worker. Meeting review content includes performance and potential ratings, talent scores, risk of loss, impact of loss, readiness level, mobility preferences, and other custom attributes that can be configured by the talent manager. Worker hire dates, manager feedback, and worker salaries are not aspects that need to be created by the talent manager, but rather data that can be sourced from the HR system or entered by the participants during the meeting. Reference: [Oracle Talent Management Cloud User Guide], [Oracle Talent Management Cloud Implementation Guide] Make The Best Choice Chose – Joogate Make yourself more valuable in today’s competitive computer industry Joogate’s preparation material includes the most excellent features, prepared by the same dedicated experts who have come together to offer an integrated solution. We provide the most excellent and simple method to pass your Oracle Oracle Foundation Certifications 1Z0-1107-2 exam on the first attempt . will prepare you for your exam effectively. 1Z0-1107-2 Study Guide. Your exam will download as a single 1Z0-1107-2 PDF or complete 1Z0-1107-2 preparation material as well as over +4000 other technical exam PDF and study material downloads. 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