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Exam Code: 1z0-1107-2
Exam Name: Oracle Financials Business Process Foundations Associate Rel 2
Updated: Aug 22, 2026
Q & A: 48 Questions and Answers
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| Section | Weight | Objectives |
|---|---|---|
| Invoice to Cash Process | 20% | - Accounts Receivable Processes
|
| Procure to Pay Process | 20% | - Accounts Payable Processes
|
| Budget to Report Process | 20% | - Financial Planning and Reporting
|
| Oracle Cloud Financials Overview | 10% | - Financials Business Models
|
| Asset Acquisition to Retirement | 15% | - Fixed Assets Lifecycle
|
| Accounting Transformation | 15% | - Subledger Accounting
|
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.)
A) Default Source Calendar
B) Default Transaction Calendar
C) Default Accounting Calendar
D) Default Prorate Calendar
2. Your organization has decided to automate the entry of cash receipts by using a method where the customer goes and deposits the money directly into your bank account for the due invoices and the banker provides a data file to you. Which method can your organization implement to achieve this? (Choose the best Answer.)
A) Lockbox
B) Toolbox
C) Automatic Receipts
D) Spreadsheet
3. Invoice Number TRS11212 for USD 10000 was recorded for the customer Easy Solutions and it became due last week. The customer had made a payment for USD 8000 on the due date and requested for an additional 7 days' time to pay the remaining amount. You have decided to close the original invoice and create another debit item for the remaining amount of USD 2000. Which type of transaction would you create to record the debit item for USD 2000? (Choose the best Answer.)
A) Write Off
B) Chargeback
C) Debit Memo
D) Invoice
4. 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) Promise to Pay
B) Percent Current
C) Collector Effective Index
D) Average Days Delinquent
E) Days Sales Outstanding
5. Easy Solutions INC has decided to set up a meals expense policy and you have been given the responsibility to define the policy. Identify the correct sequence of steps that should be per-formed to define the meals expense policy? (Choose the best Answer.)
A) Associating the Meals Expense Policy with an Expense Type > Setting up Policy Violations > Setting up a Meals Policy > Associating the Meals Expense Policy with an Expense Type
B) Setting up Policy Violations > Setting up a Meals Policy > Completing the Meals Rate Spreadsheet > Associating the Meals Expense Policy with an Expense Type
C) Completing the Meals Rate Spreadsheet > Setting up Policy Violations > Setting up a Meals Policy > Associating the Meals Expense Policy with an Expendim Type
D) Setting up a Meals Policy > Setting up Policy Violations > Completing the Meals Rate Spreadsheet > Associating the Meals Expense Policy with an Expense Type
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: D | Question # 5 Answer: D |
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