ERASED TEST, YOU MAY BE INTERESTED ON ERP Business Process Certification-1Z0-1107- 2
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Title of test:
ERP Business Process Certification-1Z0-1107- 2 Description: ERP Business Process Author:
Creation Date: 30/09/2024 Category: Others Number of questions: 48 |
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Which two statements are true about running the financial statements that are designed using Financial Reporting Web Studio?
Financial statements can be generated using different hierarchies to represent the data from different perspectives. Business users can easily slice and dice the data across dimensions, and drill up, down, and sideways at any parent level. Financial statements are generated using the data directly from the transactional tables. Financial statements can be generated only in HTML format.
. Invoice Number S10231234 for USD 1000 was raised for the customer "Business World" on 1st January 2022 with a payment term of 30 days. This invoice became due on 31st January 2022, but the customer has not yet made the payment due to an unresolved dispute. Which subprocess in the Invoice to Cash life cycle flow helps you to manage and resolve disputes for such type of delinquent invoices? Customer Contract to Revenue Bank Transaction to Position Customer Statement to Collection Customer Invoice to Receipt. 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? Invoice to Cash Budget to Report Asset to Retirement Procure to Pay. Which process involves the comparison of planned versus actual figures by designing reports with the help of state-of-the-art reporting tools? Invoice to Cash Budget to Report Accounting Transformation Procure to Pay. Your manager is about to schedule the create accounting job to generate accounting entries on a periodic basis. Process Category is one of the parameters that could be optionally selected while submitting this job and your manager wants to know its relevance. What will be your response? Process Category helps you to restrict the ledger for which the accounting entries can be generated Process Category helps you to restrict the events selected for accounting and it is useful for segmenting events based on processing volumes. Process Category helps you to restrict the subledger application for which the accounting entries can be generated Process Category helps you to restrict the accounting mode as Draft or Final based on which the accounting entries should be generated. 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? Interim Provisional Draft Temporary. Your organization has a requirement to ensure that the expense reports are reviewed on a regular basis to comply with its reimbursement policies. Which job role would you recommend for a person who is authorized to review and identify the compliance issues with the submitted expense reports? Expense Manager Expense Auditor Procurement Agent Accounts Payable Specialist. 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? General Accounting Manager General Accountant Cash Manager Financial Analyst. Easy Solutions INC has operations in the USA, UK, and Germany. USA is the parent entity and it has two subsidiary entities in UK and Germany. USA and UK entities are sharing the same chart of accounts and calendar, whereas the Germany entity has a different chart of account and calendar due to some statutory requirements. Which consolidation method would you recommend to consolidate the financials balances of the Germany entity with the parent entity in the USA? Calculation Manager Consolidation Oracle Hyperion Financial Management Consolidation Balance Transfer Consolidation Reporting only Consolidation. Robert works as a General Accountant for Glenn Systems and he has a requirement to inquire and analyze the GL Account balances on a regular basis. Which tool can he use to inquire and analyze the GL Account balances online? Balance Inspector Account Tracker Balance Tracker Account Inspector. Which technology helps in calculating and recommending discounts for single payments in Oracle Payments? Internet of Things Machine Learning Adaptive Intelligence Digital Assistant. 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? Digital Assistant BlockChain Internet of Things (IOT) Adaptive Intelligence . Which accounting engine is used to define the rules that help in generating the accounting entries for transactions such as supplier invoices and payments or customer invoices and receipts? General Ledger SLA (Sub Ledger Accounting) Business Intelligence Essbase Cube. Glenn Systems owns a luxury car and they want to restrict the amount of depreciation that should be charged to this asset in a particular period. Which two types of depreciation ceiling can they use to achieve this? Depreciation Rate Ceiling Depreciation Period Ceiling Depreciation Costing Ceiling Depreciation Expense Ceiling . Glenn Systems has decided to use the batch scheduler functionality to automatically distribute the Budget Vs Actual analysis reports via emails. Which feature of batch scheduler can they use to achieve this? Breakout Bursting Explode Distribute. Which four statements are true about creating assets from Payable Invoice lines by using the Create Mass Additions process The "Track as Asset" check box must be selected for the invoice distribution lines Payable Invoice must be transferred to General Ledger Invoice Lines must be charged to a Revenue Account. Invoice Lines must be charged to an Asset Account Payable Invoice must be validated and accounted. Ganesh is trying to import a journal from an external system and he has encountered an error. Which are three reasons for the error? Accounting Date is in an Open Period. Accounting Date is in a Future Period Accounting Date is in a Closed Period. Journal Source for the external system has not been defined. 5. Accounting Period is Closed. Ganesh works for Glenn Systems as a General Accountant and he has a requirement to createperiodic allocations at the end of the month to distribute welfare expenses. The allocations will be based on headcounts in each department. In which currency should the journal entry be created to load the headcounts? Reporting Currency Foreign Currency Statistical Currency Ledger Currency. Glenn Systems runs an advertising campaign on a monthly basis for which the expenses are incurred by the Head Office. They have a requirement to distribute the advertising expenses by each line of business at the end of a period. Which tool can they use to automate the distribution at the end of a period? Calculation Manager BI Publisher Account Group Close Monitor. Which tool do you use to preview the workings of your tax configuration before you perform tax calculations on live transactions in a subledger application? Tax Simulator Tax Tester Tax Manager Tax Estimator. Which two statements are true about Oracle Expenses Cloud integration with travel partners? Oracle Expenses Cloud supports direct integration only with TripActions Oracle Expenses Cloud supports direct integration only with Gethere Oracle Expenses Cloud supports integration with other partners through Rest APIs. Glenn Systems wants to deploy automatic controls to spot unusual or inappropriate expenses based on audit percentage, policy violations, specific keywords, and individuals with specific status. Which configuration will help them achieve this? Expense Report Receipt and Notification Rules Expense Audit List Rules Expense Report Audit Rules by Expense Templates and Types Expense Report Audit Selection Rules. 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? Automatic Receipts Spreadsheet LockBox ToolBox. 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 system when the payment gets reconciled with a bank statement line? Debit Cash Clearing Account Credit-Cash Account Debit -AP Liability Credit-Cash Clearing Account Debit-AP Liability Credit-Cash Account Debit-Expense Credit-Cash Account. Which two statements are true about Oracle Expenses Cloud integration with travel partners? Oracle Expenses Cloud supports direct integration only with TripActions Oracle Expenses Cloud supports direct integration only with Concur Oracle Expenses Cloud supports integration with other partners through Rest APIs Oracle Expenses Cloud supports direct integration only with GetThere. Which three Cash Management infolets do you find in the Analytics section of the home page? Project Interest Amount Missing Statements Cash Balance External Transactions Un Reconciled. 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? Debit Memo ChargeBack Invoice Writeoff. Your organization has decided to apply late charges against overdue customer transactions as well as delayed payments. Your manager has requested you to evaluate the various methods that can be used to calculate late charges. Which three are valid options for calculating late charges Overdue Transactions and Late Payments Average Quarterly Balance Late Payments Only Fortnightly Balance Overdue Transactions Only. John works as a Cash Manager in Glenn Systems and he wants to create the Cash Positioning report by using the predefined system transactions as sources. Identify three predefined sources that John can choose to create this report. AP Payments Purchase Requisitions Purchase Orders AP Invoices AR Invoices. 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. Last 55 Days Last 65 Days Last 50 Days Last 45 Days. 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? Defaulting Accounting Calender Default Transaction Calender Default Prorate Calender Default Source Calender. Cash Management provides you the flexibility to create external transactions. Which two types of transactions can be categorized as external? Bank Interest Penalty for Delayed Supplier Payments Late Charges for Customer Delayed Payments Bank Charges. Robert works as an Asset Accountant for Glenn Systems and tracks the transactions that require attention by using the Additions infotile in the Assets work area.Which three statuses can he track by using this infotile? Exceptions Ready to Post Ready to Transfer Incomplete Merged. 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? Average Days Deliquent Day Sales Outstanding Percentage Current Collector Effective Index Promise to Pay. 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? Define BFB Billing Cycle > Define BFB Payment Terms > Enable BFB in the Customer Profile > Attach BFB Payment Terms to Customer Define BFB Payment Terms > Attach BFB Payment Terms to Customer > Enable BFB in the Customer Profile > Define BFB Billing Cycle Enable BFB in the Customer Profile > Define BFB Payment Terms > Define BFB Billing Cycle > Attach BFB Payment Terms to Customer Define BFB Payment Terms > Define BFB Billing Cycle > Enable BFB in the Customer Profile > Attach BFB Payment Terms to Customer. Which three preferred delivery methods can you choose to send statements to your customers while defining customer profile classes? Email SMS Print Whatsapp FAX. Which two statements are true about creating case folders within the Customer Statement to Collections business process? Billing transactions can belong to multiple case folders. Billing transactions must be of the same currency. Billing transactions can be of multiple currencies. Billing transactions must belong to the same bill-to customer. Collector Jim Jones is working on a delinquent customer account and he has created some action items to follow up with this customer, including making a phone call and a personal visit. On which infotile can he find these action items? Promises Activities Deliquent Strategy Tasks. Which three attributes can be used as selection criteria when submitting a payment process request? Paythrough Date Invoice Type Payment Terms Pay Groups Suppier Groups. Glenn Systems has decided to enable the Additional Duplicate Invoice Check feature. Which three additional attributes are considered for duplicate invoice check when this feature is enabled? Invoice Date Invoice Type Supplier Tax Registration Number Supplier Location Invoice Amount. Which four statements are true about an effective subledger period close? Fixed Assets must be closed before Payables. Projects must be closed before Fixed Assets. Payable must be closed before Projects. Fixed Assets must be closed before Receivables. Payable must be closed before closing Fixed Assets. Your organization follows the integrated invoice imaging solution to scan and process supplier 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 data. In which status can these invoices be found? Validated Not Validated Needs Revalidation Incomplete. 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 performed to define the meals expense policy. Completing the Meals Rate Spreadsheet > Setting up Policy Violations > Setting up a Meals Policy > Associating the Meals Expense Policy with an Expendim Type Setting up Policy Violations > Setting up a Meals Policy > Completing the Meals Rate Spreadsheet > Associating the Meals Expense Policy with an Expense Type Setting up a Meals Policy > Setting up Policy Violations > Completing the Meals Rate Spreadsheet > Associating the Meals Expense Policy with an Expense Type 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. 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 performed to define the meals expense policy. Completing the Meals Rate Spreadsheet > Setting up Policy Violations > Setting up a Meals Policy > Associating the Meals Expense Policy with an Expendim Type Setting up Policy Violations > Setting up a Meals Policy > Completing the Meals Rate Spreadsheet > Associating the Meals Expense Policy with an Expense Type Setting up a Meals Policy > Setting up Policy Violations > Completing the Meals Rate Spreadsheet > Associating the Meals Expense Policy with an Expense Type. One of the internal auditors in your organization is reviewing subledger journals and want more details about the rules that were used to generate these journals.What would you use to review these rules? Analyze Journal Entry page Account Monitor Account Override Page Create Journals Page. Your organization has decided to use the automatic reconciliation feature to reconcile bank. statement lines with system transactions. Which three components will be useful for the automatic reconciliation of bank statements with system transactions? Matching Rules Tolerane Rules Transfer Rules Tolerance Grouping Rules ParseRuleSet. Which three can be captured on an Invoice Header while recording a supplier invoice in the Payables application? Invoice Amount Supplier Details Distribution Combination Invoice Number Integration Details with Legacy or Third-Party Applications. Your manager has requested you to evaluate the attributes based on which the scoring is calculated in the collections business process. Which three attributes would you suggest to your manager? Number of Unapplied Receipts Number of Delinquencies Due Invoices Number of Unidentified Receipts. |
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