Interactive Oracle 1Z0-1160-1 Practice Exam & 1Z0-1160-1 Valid Exam Simulator
Interactive Oracle 1Z0-1160-1 Practice Exam & 1Z0-1160-1 Valid Exam Simulator
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Tags: Interactive 1Z0-1160-1 Practice Exam, 1Z0-1160-1 Valid Exam Simulator, 1Z0-1160-1 Latest Test Answers, Valid 1Z0-1160-1 Exam Dumps, 1Z0-1160-1 Printable PDF
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>> Interactive Oracle 1Z0-1160-1 Practice Exam <<
1Z0-1160-1 Valid Exam Simulator | 1Z0-1160-1 Latest Test Answers
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Oracle Fusion Cloud Applications ERP Foundations Associate - Rel 1 Sample Questions (Q20-Q25):
NEW QUESTION # 20
What is the primary function of the Oracle Fusion Cloud ERP Cash Management module?
- A. To manage supplier payments
- B. To automate customer invoicing
- C. To track employee reimbursements
- D. To reconcile bank statements with system transactions
Answer: D
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 # 21
What is the primary purpose of Oracle Fusion Cloud ERP's Advanced Collections module?
- A. To track employee expenses
- B. To reconcile bank statements
- C. To manage supplier payments
- D. To automate customer collections and improve cash flow
Answer: D
Explanation:
Comprehensive and Detailed
The Advanced Collections module's purpose is:
* To automate customer collections and improve cash flow (B): Automates dunning and payment follow-ups to enhance cash recovery.
* Manage supplier payments (A): Handled by Payables.
* Track employee expenses (C): Managed by Expenses.
* Reconcile bank statements (D): Part of Cash Management.
This boosts cash flow, as per the training.
NEW QUESTION # 22
Which capability in Oracle Fusion Cloud Expenses helps ensure policy compliance and reduces the need for manual verification?
- A. Digital receipt matching
- B. Mileage tracking and calculation
- C. Real-time policy enforcement
- D. Automated expense categorization
Answer: C
Explanation:
Comprehensive and Detailed
The key capability is:
* Real-time policy enforcement (A): Automatically checks expenses against policies, reducing manual verification.
* Mileage tracking (B): Calculates mileage but not policy compliance.
* Digital receipt matching (C): Matches receipts, not policy enforcement.
* Automated categorization (D): Organizes expenses, not compliance-focused.
This ensures compliance, as per the training.
NEW QUESTION # 23
How does Intelligent Document Recognition (IDR) help automate the Supplier Invoice to Payment (SP) process?
- A. IDR integrates supplier invoices directly into the accounting system without the need for further validation or processing
- B. IDR scans and extracts relevant invoice data, such as amounts, supplier names, and invoice dates, reducing the need for manual data entry
- C. IDR helps optimize cash flow by automatically categorizing invoices into high-priority or low-priority payments
Answer: B
Explanation:
Comprehensive and Detailed
IDR automates the process by:
* Scanning and extracting relevant invoice data, reducing manual data entry (A): Extracts key fields (e.g., amounts, dates) for automated processing.
* Direct integration without validation (B): Incorrect, as validation is still required.
* Optimizing cash flow (C): Not IDR's role; relates to payment strategies.
This reduces manual effort, as per the training.
NEW QUESTION # 24
What is the purpose of the Oracle Fusion Cloud ERP Period Close process?
- A. To track employee expenses
- B. To ensure accurate financial reporting at the end of accounting periods
- C. To automate supplier payments
- D. To manage customer collections
Answer: B
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 # 25
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