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

Your organization wants to implement a process that helps in recording requisitions, buying goods or services, and managing supplier invoices and payments. Which Financials business process would you recommend to achieve this? (Choose the best Answer.)

• A. Asset to Retirement
• B. Invoice to Cash
• C. Procure to Pay
• D. Budget to Report

Which four statements are true about an effective subledger period close? (Choose four.)

• A. Projects must be closed before Fixed Assets.
• B. Payable must be closed before Projects.
• C. Fixed Assets must be closed before Payables.
• D. Fixed Assets must be closed before Receivables.
• E. Payable must be closed before closing Fixed Assets.

Your organization has decided to use the Balance Forward Billing feature to consolidate multiple invoices into a single bill and you have been asked to configure this feature. What is the recommended order of steps that needs to be followed to complete your configuration? (Choose the best Answer.)

• A. Define BFB Billing Cycle > Define BFB Payment Terms > Enable BFB in the Customer Profile > Attach BFB Payment Terms to Customer
• B. Define BFB Payment Terms > Define BFB Billing Cycle > Enable BFB in the Customer Profile > Attach BFB Payment Terms to Customer
• C. Define BFB Payment Terms > Attach BFB Payment Terms to Customer > Enable BFB in the Customer Profile > Define BFB Billing Cycle
• D. Enable BFB in the Customer Profile > Define BFB Payment Terms > Define BFB Billing Cycle > Attach BFB Payment Terms to Customer

Ganesh is trying to import a journal from an external system and he has encountered an error. Which are three reasons for the error? (Choose three.)

• A. Accounting Date is in a Future Period.
• B. Accounting Date is in an Open Period.
• C. Accounting Date is in a Closed Period.
• D. Accounting Period is Closed.
• E. Journal Source for the external system has not been defined.

Your organization has recently made changes to one of the accounting rules to comply with the new accounting requirement. In which mode will you generate the accounting to verify that the changes made to the rule are producing the desired accounting entries before generating the final accounting? (Choose the best Answer.)

• A. Draft
• B. Interim
• C. Temporary
• D. Provisional