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

Oracle 1z0-1107-2 Exam Questions

Exam Name: Oracle Financials Business Process Foundations Associate Rel 2
Exam Code: 1z0-1107-2
Related Certification(s): Oracle Foundation Certifications
Certification Provider: Oracle
Number of 1z0-1107-2 practice questions in our database: 47 (updated: Apr. 05, 2025)
Expected 1z0-1107-2 Exam Topics, as suggested by Oracle :
  • Topic 1: Describe Oracle Cloud Financials Business Models: This section targets Financial Managers and Business Analysts, delving into the fundamental principles of Oracle Cloud Financials. It examines various financial business Process flows, providing a holistic view of financial operations within the Oracle Cloud environment. The section also investigates cutting-edge Cloud tools and Emerging Technologies utilized in Oracle Cloud Financials. Furthermore, it details role-specific Job Roles for each Process, illuminating the organizational hierarchy within the Oracle Cloud Financials ecosystem.
  • Topic 2: Describe invoice-to-cash process flow: Tailored for Accounts Receivable Specialists and Financial Analysts, this portion focuses on the essential invoice-to-cash process flow. It provides a detailed examination of the Invoice Receipt Process, elaborating on each phase from invoice generation to payment collection.
  • Topic 3: Describe Procure to Payment Process flow: Designed for Accounts Payable Specialists and Procurement Managers, this section encompasses the entire Procure to Payment cycle.
  • Topic 4: Describe Asset Acquisition to Retirement Process Flow: For Asset Management Specialists, this domain focuses solely on the Asset to Retirement Process. It provides a comprehensive overview of how assets are managed throughout their lifecycle within the Oracle Cloud Financials system.
  • Topic 5: Describe Accounting Transformation Process Flow: For Accountants and Financial Controllers, this part of the exam covers the Sub ledger Accounting to Posting Process. It explains how transactions from various sub-ledgers are transformed and posted to the general ledger.
  • Topic 6: Describe Budget to Report Process flow: For Financial Planners and Reporting Analysts, this section covers three key processes: the Manage Budget & Forecast Process, the Capture Transaction process, and the Period Close to Financial Reporting process.
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Mollie

21 days ago
Pass4Success made exam prep a breeze! Study the different types of encumbrances in Oracle. Expect questions on their creation and impact on budgets.
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Malika

21 days ago
Oracle Certified Associate achievement unlocked! Pass4Success made my exam prep quick and effective.
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Precious

1 months ago
Exam conquered! Know the basics of Oracle General Ledger structure. Questions may cover chart of accounts, segments, and hierarchies.
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Sue

2 months ago
Just got certified! Be prepared for questions on intercompany transactions. Understand how they're set up and processed in Oracle Financials.
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Jamey

2 months ago
Couldn't have passed the Oracle Financials exam without Pass4Success. Their materials were spot on!
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Stephen

2 months ago
Pass4Success materials were spot on! Study the Oracle Assets module. Questions might cover asset categories, depreciation methods, and retirement processes.
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Joaquin

3 months ago
The exam tests your knowledge of Oracle Payables. Know the invoice types, payment methods, and supplier management features.
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Becky

3 months ago
Passed my Oracle Certified exam with flying colors! Big thanks to Pass4Success for the relevant practice questions.
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Laura

3 months ago
Excited to share that I passed the Oracle Financials exam! The Pass4Success practice questions were invaluable. There was a tricky question on the Accounting Transformation Process flow, particularly about the steps in the transformation process. I wasn't confident, but I passed.
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Frederica

3 months ago
Passed with flying colors! Understand the different journal entry types in Oracle. Questions may ask about manual vs. automated entries and their processing.
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Floyd

4 months ago
Thanks Pass4Success for the relevant practice questions! Be familiar with Oracle Cash Management features. Expect questions on bank reconciliation and cash positioning.
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Malcolm

4 months ago
Oracle Financials exam conquered! Pass4Success provided top-notch prep materials in record time.
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Isaac

4 months ago
I passed the Oracle Financials exam, thanks to Pass4Success practice questions. A challenging question was about the Asset Acquisition to Retirement Process flow, asking how to account for asset revaluations. I was uncertain, but I still managed to pass.
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Lizette

4 months ago
Exam success! Study the concept of accounting periods and how they're managed in Oracle. Questions might cover period opening, closing, and adjustments.
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Kayleigh

4 months ago
Thrilled to have passed the Oracle Financials exam! The Pass4Success practice questions made a difference. One question that caught me off guard was about the Procure to Payment Process flow, specifically the role of three-way matching. I wasn't entirely sure, but I passed.
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Levi

4 months ago
Aced it! Know the basics of Oracle Projects module. Questions may ask about project types, costing methods, and billing options.
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An

5 months ago
Grateful for Pass4Success! Their practice questions were key to my success in the Oracle Certified exam.
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Maddie

5 months ago
I passed the Oracle Financials exam, and the Pass4Success practice questions were a big help. There was a tough question about the Budget to Report Process flow, asking how to handle budget revisions. I wasn't sure of the correct approach, but I still passed.
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Tonette

5 months ago
Pass4Success really helped me prepare quickly. Focus on understanding the order-to-cash process. Expect questions on how different modules interact during this cycle.
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Eladia

5 months ago
Happy to announce that I passed the Oracle Financials exam! The Pass4Success practice questions were essential. One question that puzzled me was about Oracle Cloud Financials Business Models, specifically the benefits of using a multi-tenant architecture. Despite my doubts, I passed.
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Julio

5 months ago
The exam covered a lot on financial reporting. Study the various types of reports available in Oracle and their uses. Practice identifying which report to use for specific scenarios.
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Ranee

6 months ago
Aced the Oracle Financials Business Process Foundations exam! Pass4Success really helped me prepare efficiently.
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Hershel

6 months ago
Just passed the Oracle Financials exam! The Pass4Success practice questions were key. There was a question on the Invoice to Cash Process flow that asked about the steps involved in managing customer receipts. I wasn't confident in my answer, but I passed nonetheless.
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My

6 months ago
Passed on my first try! Be prepared for questions on the procure-to-pay cycle. Know the steps involved and how they relate to Oracle Financials modules.
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Latosha

6 months ago
I passed the Oracle Financials exam, thanks to Pass4Success practice questions. One challenging question was about the Accounting Transformation Process flow, particularly how to map financial data to different accounting standards. I was unsure, but I still succeeded.
upvoted 0 times
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Elmira

6 months ago
Oracle Certified Associate here! Pass4Success was a lifesaver. Their exam prep materials were incredibly relevant.
upvoted 0 times
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Brittani

7 months ago
Thanks to Pass4Success for great prep materials! Make sure you know the different types of budgets in Oracle Financials. Questions might ask about budget hierarchies and control settings.
upvoted 0 times
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Jenise

7 months ago
Excited to share that I passed the Oracle Financials exam! The Pass4Success practice questions were a lifesaver. There was a tricky question about the Asset Acquisition to Retirement Process flow, asking how to handle asset impairments. I wasn't entirely sure of the answer, but I still made it through.
upvoted 0 times
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Selma

7 months ago
Just passed the Oracle Financials exam! Understand the concept of subledger accounting and how it integrates with the general ledger. Expect questions on mapping rules and accounting methods.
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Ailene

7 months ago
I recently passed the Oracle Financials Business Process Foundations Associate Rel 2 exam, and I must say, the Pass4Success practice questions were incredibly helpful. One question that stumped me was about the Procure to Payment Process flow, specifically how purchase orders are matched with invoices. Despite my uncertainty, I managed to pass!
upvoted 0 times
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Fredric

7 months ago
Just passed the Oracle Financials exam! Thanks Pass4Success for the spot-on practice questions. Saved me tons of time!
upvoted 0 times
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Shaun

10 months ago
Oracle Financials certification achieved! Pass4Success's exam questions were spot-on. Grateful for the comprehensive prep in such a short time. Highly recommend!
upvoted 0 times
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Lucia

10 months ago
Aced the Oracle Financials exam! Pass4Success provided excellent study materials. Their practice questions were key to my success in such a short timeframe.
upvoted 0 times
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Casie

10 months ago
Oracle Certified! Pass4Success's exam questions were incredibly helpful. Prepared in record time and passed with flying colors. Grateful for the support!
upvoted 0 times
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Val

10 months ago
Just passed the Oracle Financials exam! Thanks Pass4Success for the spot-on practice questions. Your materials made all the difference in my quick preparation.
upvoted 0 times
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Dong

10 months ago
Another important area was Revenue Management. The exam included scenario-based questions on revenue recognition principles and practices. Make sure you understand the five-step revenue recognition model. Pass4Success provided great practice questions that simulated the actual exam, which was crucial for my success.
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Elly

11 months ago
Successfully passed Oracle Certified exam! Pass4Success's relevant questions were a lifesaver. Prepared efficiently and felt confident during the test. Thank you!
upvoted 0 times
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luisa garcia

1 years ago
sefcs
upvoted 1 times
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Free Oracle 1z0-1107-2 Exam Actual Questions

Note: Premium Questions for 1z0-1107-2 were last updated On Apr. 05, 2025 (see below)

Question #1

Your organization wants to implement a process that helps in recording requisitions, buying goods or services, and managing supplier invoices and payments. Which Financials business process would you recommend to achieve this? (Choose the best Answer.)

Reveal Solution Hide Solution
Correct Answer: D

Procure to Pay is a business process that covers the steps from requesting, ordering, receiving, and paying for goods or services.It involves requisitions, purchase orders, invoices, payments, and supplier management2. It is the recommended process for recording requisitions, buying goods or services, and managing supplier invoices and payments.Reference:Oracle Financials Business Process Certified Foundations Associate Rel 1


Question #2

Which process involves the comparison of planned versus actual figures by designing re-ports with the help of state-of-the-art reporting tools? (Choose the best Answer.)

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Correct Answer: D

Budget to Report is the process that involves the comparison of planned versus actual figures by designing reports with the help of state-of-the-art reporting tools.It covers the steps from creating and managing budgets, forecasting and planning, consolidating and closing financial periods, and generating and analyzing financial reports1.Reference:Oracle Financials Business Process Foundations Associate Rel 2


Question #4

Your organization has recently made changes to one of the accounting rules to comply with the new accounting requirement. In which mode will you generate the accounting to verify that the changes made to the rule are producing the desired accounting entries before generating the final accounting? (Choose the best Answer.)

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Correct Answer: C

Draft is the mode that you will use to generate the accounting to verify that the changes made to the rule are producing the desired accounting entries before generating the final accounting. Draft mode allows you to create accounting entries that are not final and can be deleted or modified later.You can use draft mode to test your accounting rules and verify the accuracy of your accounting entries before posting them to General Ledger1.Reference:Oracle Financials Business Process Certified Foundations Associate Rel 1


Question #5

John is working as a Cash Manager for Glenn Systems and regularly uses the Unreconciled infolet to review the unreconciled Bank Statement Lines and System Transactions. He is not able to find the details of some transactions on this infolet because there is a limitation for the number of days for which the data appears on this infolet. Identify the number of days for which data appears on this infolet.? (Choose the best Answer.)

Reveal Solution Hide Solution
Correct Answer: D

The Unreconciled infolet displays data for the last 45 days by default. The Unreconciled infolet is an infolet that shows the unreconciled bank statement lines and system transactions for your bank accounts. You can use it to monitor and reconcile your cash transactions with your bank statements.You can also change the number of days for which data appears on this infolet by using the filter option1.Reference:Oracle Financials Business Process Certified Foundations Associate Rel 1


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