VALUABLE 1Z0-1160-1 FEEDBACK & 1Z0-1160-1 EXAM PDF

Valuable 1Z0-1160-1 Feedback & 1Z0-1160-1 Exam PDF

Valuable 1Z0-1160-1 Feedback & 1Z0-1160-1 Exam PDF

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Oracle Fusion Cloud Applications ERP Foundations Associate - Rel 1 Sample Questions (Q12-Q17):

NEW QUESTION # 12
What is the primary purpose of Oracle Fusion Cloud ERP's Lease Accounting module?

  • A. To track and report lease-related financial data
  • B. To reconcile bank statements
  • C. To manage supplier contracts
  • D. To automate customer collections

Answer: A

Explanation:
Comprehensive and Detailed
The Lease Accounting module's purpose is:
* To track and report lease-related financial data (B): Ensures compliance with lease standards (e.g., IFRS 16, ASC 842) by tracking and reporting lease liabilities and assets.
* Manage supplier contracts (A): Handled by Procurement.
* Automate customer collections (C): Part of Collections.
* Reconcile bank statements (D): Managed by Cash Management.
This ensures compliance, as per the training.


NEW QUESTION # 13
What is the primary function of the Oracle Fusion Cloud ERP Cash Management module?

  • A. To reconcile bank statements with system transactions
  • B. To track employee reimbursements
  • C. To automate customer invoicing
  • D. To manage supplier payments

Answer: A

Explanation:
Comprehensive and Detailed
The primary function is:
* To reconcile bank statements with system transactions (B): Matches bank data with Payables and Receivables transactions for accurate cash tracking.
* Manage supplier payments (A): Handled by Payables.
* Track employee reimbursements (C): Part of Expenses.
* Automate customer invoicing (D): Managed by Receivables.
This ensures cash accuracy, as per the training.


NEW QUESTION # 14
What is the purpose of the Oracle Fusion Cloud ERP Period Close process?

  • A. To manage customer collections
  • B. To automate supplier payments
  • C. To ensure accurate financial reporting at the end of accounting periods
  • D. To track employee expenses

Answer: C

Explanation:
Comprehensive and Detailed
The Period Close process's purpose is:
* To ensure accurate financial reporting at the end of accounting periods (B): Finalizes transactions and balances for reporting compliance.
* Automate supplier payments (A): Handled by Payables.
* Track employee expenses (C): Managed by Expenses.
* Manage customer collections (D): Part of Collections.
This ensures financial accuracy, as per the training.


NEW QUESTION # 15
What is the role of Oracle Fusion Cloud ERP's Smart View feature?

  • A. To manage customer collections
  • B. To automate supplier payments
  • C. To track employee expenses
  • D. To enable interactive financial analysis in Excel

Answer: D

Explanation:
Comprehensive and Detailed
Smart View's role is:
* To enable interactive financial analysis in Excel (A): Allows users to analyze ERP data dynamically in Excel.
* Automate supplier payments (B): Handled by Payables.
* Track employee expenses (C): Managed by Expenses.
* Manage customer collections (D): Part of Collections.
This improves analysis, as per the training.


NEW QUESTION # 16
What is the key benefit of embedding OMBPs in a Starter Configuration?

  • A. Provides a platform for customers to access third-party Oracle Fusion Applications Configurations
  • B. Provides a Fully Customized setup of Oracle Fusion Applications implementations
  • C. Provides a Standard Configuration that supports solution-led implementation of Oracle Fusion Applications

Answer: C

Explanation:
Comprehensive and Detailed
The key benefit is:
* Provides a Standard Configuration that supports solution-led implementation (A): OMBPs (Oracle Methodology Business Processes) in Starter Configurations offer prebuilt, best-practice setups for rapid deployment.
* Fully Customized setup (B): Not the goal; focuses on standardization.
* Third-party configurations (C): Not supported in Starter Configurations.
This accelerates implementation, as per the training.


NEW QUESTION # 17
......

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