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Oracle Exam 1Z0-1160-1 Topic 2 Question 7 Discussion
Actual exam question for
Oracle's
1Z0-1160-1 exam
Question #: 7
Topic #: 2
[All 1Z0-1160-1 Questions]
Topic #: 2
What is the primary purpose of Oracle Fusion Cloud ERP's Lease Accounting module?
Suggested Answer:
B
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.
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