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Oracle 1z0-1107-2 Exam Syllabus Topics:

Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:

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

2. Which four statements are true about creating assets from Payable Invoice lines by using the Create Mass Additions process? (Choose four.)

A) Invoice Lines must be charged to a Revenue Account.
B) Invoice Lines must be charged to an Asset Account.
C) The "Track as Asset" check box must be selected for the invoice distribution lines.
D) Payable Invoice must be validated and accounted.
E) Payable Invoice must be transferred to General Ledger.

3. 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) Write Off
B) Debit Memo
C) Invoice
D) Chargeback

4. 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? (Choose two.)

A) Depreciation Rate Ceiling
B) Depreciation Cost Ceiling
C) Depreciation Expense Ceiling
D) Depreciation Period Ceiling

5. Cash Management provides you the flexibility to create external transactions. Which two types of transactions can be categorized as external? (Choose two.)

A) late charges on delayed customer payments
B) bank charges
C) bank interest
D) penalty for delayed supplier payments

Solutions: