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

1z0-1107-2
  • Exam Code: 1z0-1107-2
  • Exam Name: Oracle Financials Business Process Foundations Associate Rel 2
  • Updated: Oct 04, 2026
  • Q & A: 48 Questions and Answers
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Oracle 1z0-1107-2 Exam Syllabus Topics:

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

Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:

Question #1

Which two statements are true about running the financial statements that are designed using Financial Reporting Web Studio? (Choose two.)

  • A. Financial statements can be generated only in HTML format.
  • B. Business users can easily slice and dice the data across dimensions, and drill up, down, and sideways at any parent level.
  • C. Financial statements can be generated using different hierarchies to represent the data from different perspectives.
  • D. Financial statements are generated using the data directly from the transactional tables.
Reveal Solution  Discussion  0

Correct Answer: B,C  🗳️

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Question #2

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. Chargeback
  • B. Debit Memo
  • C. Invoice
  • D. Write Off
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Explanation: Only visible for DumpsFree members. You can sign-up / login (it's free).

Question #3

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? (Choose the best Answer.)

  • A. Customer Invoice to Receipt
  • B. Customer Contract to Revenue
  • C. Customer Statement to Collection
  • D. Bank Transaction to Position
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #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. Days Sales Outstanding
  • B. Average Days Delinquent
  • C. Promise to Pay
  • D. Collector Effective Index
  • E. Percent Current
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Explanation: Only visible for DumpsFree members. You can sign-up / login (it's free).

Question #5

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 in-quire and analyze the GL Account balances online? (Choose the best Answer.)

  • A. Account Inspector
  • B. Balance Inspector
  • C. Balance Tracker
  • D. Account Tracker
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Explanation: Only visible for DumpsFree members. You can sign-up / login (it's free).

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