Oracle 1z0-1107-2 : Oracle Financials Business Process Foundations Associate Rel 2

Pass 1z0-1107-2 Exam Cram

Exam Code: 1z0-1107-2

Exam Name: Oracle Financials Business Process Foundations Associate Rel 2

Updated: Aug 03, 2026

Q & A: 48 Questions and Answers

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Oracle 1z0-1107-2 Exam Syllabus Topics:
SectionWeightObjectives
Topic 1: Budget to Report Process20%- Financial Planning and Reporting
  • 1. Budget Management
  • 2. Forecasting
  • 3. Period Close Process
  • 4. Business Intelligence and Analytics
  • 5. Financial Reporting
Topic 2: Accounting Transformation15%- Subledger Accounting
  • 1. Posting to General Ledger
  • 2. Accounting Entries
  • 3. Financial Data Integration
  • 4. Journal Processing
Topic 3: Asset Acquisition to Retirement15%- Fixed Assets Lifecycle
  • 1. Asset Transfer
  • 2. Depreciation
  • 3. Asset Acquisition
  • 4. Asset Capitalization
  • 5. Asset Retirement
Topic 4: Procure to Pay Process20%- Accounts Payable Processes
  • 1. Invoice Processing
  • 2. Expense Reimbursement
  • 3. Payment Processing
  • 4. Supplier Management
  • 5. Cash Reconciliation
Topic 5: Invoice to Cash Process20%- Accounts Receivable Processes
  • 1. Receipt Processing
  • 2. Collections Management
  • 3. Revenue Recognition
  • 4. Customer Management
  • 5. Invoice Creation
Topic 6: Oracle Cloud Financials Overview10%- Financials Business Models
  • 1. Financial Management Concepts
  • 2. Oracle Fusion Cloud Financials Overview
  • 3. Business Process Architecture
  • 4. Enterprise Structures
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 Tester
B) Tax Estimator
C) Tax Simulator
D) Tax Manager


2. Glenn Systems has decided to create accounting for payments at the time of issuing, as well as at the time of clearing the payments. Which accounting entry will be generated by the sys-tem when the payment gets reconciled with a bank statement line? (Choose the best Answer.)

A) Debit Cash Clearing Account Credit-Cash Account
B) Debit-AP Liability Credit-Cash Account
C) Debit-Expense Credit-Cash Account
D) Debit -AP Liability Credit-Cash Clearing Account


3. 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.)

A) Not Validated
B) Needs Revalidation
C) Incomplete
D) Validated


4. Which two statements are true about Oracle Expenses Cloud integration with travel partners? (Choose two.)

A) Oracle Expenses Cloud supports integration with other partners through Rest APIs.
B) Oracle Expenses Cloud supports direct integration only with TripActions.
C) Oracle Expenses Cloud supports direct integration only with GetThere.
D) Oracle Expenses Cloud supports direct integration only with Concur.


5. Your organization has hired Steven Johns who will be responsible for analyzing the financial performance and providing feedback for better decision making. Which job role will help Steven Johns to perform his job in the organization? (Choose the best Answer.)

A) General Accountant
B) General Accounting Manager
C) Financial Analyst
D) Cash Manager


Solutions:

Question # 1
Answer: C
Question # 2
Answer: A
Question # 3
Answer: C
Question # 4
Answer: A,B
Question # 5
Answer: C

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