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

  • Exam Code: 1z0-1107-2
  • Exam Name: Oracle Financials Business Process Foundations Associate Rel 2
  • Updated: Sep 27, 2026
  • Q & A: 48 Questions and Answers

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Oracle 1z0-1107-2 Exam Syllabus Topics:

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

Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:

Question #1

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

  • A. bank interest
  • B. penalty for delayed supplier payments
  • C. bank charges
  • D. late charges on delayed customer payments
Reveal Solution  Discussion  0

Correct Answer: A,C  šŸ—³ļø

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Question #2

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 Expense Ceiling
  • B. Depreciation Period Ceiling
  • C. Depreciation Rate Ceiling
  • D. Depreciation Cost Ceiling
Reveal Solution  Discussion  0

Correct Answer: A,D  šŸ—³ļø

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Question #3

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 closing Fixed Assets.
  • C. Fixed Assets must be closed before Payables.
  • D. Fixed Assets must be closed before Receivables.
  • E. Payable must be closed before Projects.
Reveal Solution  Discussion  0

Correct Answer: A,C,D,E  šŸ—³ļø

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Question #4

Which three Cash Management infolets do you find in the Analytics section of the home page? (Choose three.)

  • A. Missing Statements
  • B. External Transactions
  • C. Cash Balance
  • D. Project Interest Amount
  • E. Unreconciled
Reveal Solution  Discussion  0

Correct Answer: A,C,E  šŸ—³ļø

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Question #5

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? (Choose the best Answer.)

  • A. Process Category helps you to restrict the accounting mode as Draft or Final based on which the accounting entries should be generated.
  • B. Process Category helps you to restrict the ledger for which the accounting entries can be generated.
  • C. Process Category helps you to restrict the subledger application for which the account-ing entries can be generated
  • D. Process Category helps you to restrict the events selected for accounting and it is useful for segmenting events based on processing volumes.
Reveal Solution  Discussion  0

Correct Answer: D  šŸ—³ļø

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