NEWEST ORACLE 1Z0-1160-1 PRACTICE QUESTIONS IN PDF FORMAT FOR QUICK PREPARATION

Newest Oracle 1Z0-1160-1 Practice Questions in PDF Format for Quick Preparation

Newest Oracle 1Z0-1160-1 Practice Questions in PDF Format for Quick Preparation

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Oracle Fusion Cloud Applications ERP Foundations Associate - Rel 1 Sample Questions (Q35-Q40):

NEW QUESTION # 35
Which two capabilities of Oracle Fusion Cloud Applications are key to automating the collections process and improving overall efficiency?

  • A. Collection Strategies allow the creation of customized collection plans tailored to different customer segments
  • B. Dunning Plans send personalized reminders and notices based on customer payment behavior
  • C. Promise to Pay records customer promises to pay and automatically notifies the customer
  • D. Real-Time Analytics provide instant insights into customer payment trends, aiding in decision-making

Answer: B,C

Explanation:
Comprehensive and Detailed
Key automation capabilities in collections are:
* Dunning Plans (A): Automate personalized reminders based on payment behavior, enhancing efficiency.
* Promise to Pay (B): Records commitments and sends automated notifications, streamlining follow-ups.
* Real-Time Analytics (C): Provides insights but is not an automation feature.
* Collection Strategies (D): Customizes plans but is less about automation than execution.
These improve collections efficiency, as per the training.


NEW QUESTION # 36
Which three are key components of Oracle Fusion Cloud ERP's architecture?

  • A. Multi-tenant cloud infrastructure
  • B. On-premises database storage
  • C. Custom-built hardware for each customer
  • D. Scalable and secure cloud platform
  • E. Prebuilt integrations with third-party applications

Answer: A,D,E

Explanation:
Comprehensive and Detailed
Oracle Fusion Cloud ERP's architecture is designed for scalability, security, and integration in a cloud environment. The three key components are:
* Multi-tenant cloud infrastructure (B): Enables multiple customers to share the same application instance while keeping data isolated, reducing costs and improving efficiency.
* Prebuilt integrations with third-party applications (C): Provides out-of-the-box connectivity with external systems, enhancing interoperability.
* Scalable and secure cloud platform (D): Built on Oracle Cloud Infrastructure (OCI), it ensures scalability to handle varying workloads and robust security features.
* On-premises database storage (A): Not a component, as Fusion Cloud ERP is fully cloud-based.
* Custom-built hardware for each customer (E): Incorrect, as multi-tenancy eliminates the need for dedicated hardware per customer.
These components underpin Oracle's cloud-first strategy, as detailed in the ERP Foundations training.


NEW QUESTION # 37
Which two modules help generate accounting entries by directly integrating with the subledger accounting engine?

  • A. Accounts Payable module, which streamlines supplier invoice and payments functions
  • B. Fixed Assets module, which streamlines asset lifecycle processes, from acquisition to retirement
  • C. Advanced Collections module, which classifies delinquent customer balances and simplifies collection activities
  • D. Expenses module, which organizes employee expense processes, ensuring accurate and timely reimbursements

Answer: A,B

Explanation:
Comprehensive and Detailed
The subledger accounting engine generates journal entries from transactional data in these modules:
* Accounts Payable module (A): Processes supplier invoices and payments, directly feeding data into the subledger accounting engine for accounting entries (e.g., liabilities, payments).
* Fixed Assets module (C): Manages asset transactions (e.g., acquisitions, depreciation), integrating with the subledger accounting engine to record entries.
* Advanced Collections module (B): Focuses on delinquency management, not direct accounting entry generation.
* Expenses module (D): Integrates indirectly via Payables or General Ledger, not directly with the subledger accounting engine.
This ensures accurate financial reporting, as per the ERP Foundations training.


NEW QUESTION # 38
What is the purpose of the Oracle Fusion Cloud ERP Period Close process?

  • A. To automate supplier payments
  • B. To ensure accurate financial reporting at the end of accounting periods
  • C. To manage customer collections
  • D. To track employee expenses

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 # 39
Which feature in Oracle Fusion Cloud ERP enables real-time financial reporting and analysis?

  • A. Oracle Cloud Infrastructure (OCI)
  • B. Oracle Fusion Applications Marketplace
  • C. Oracle Transactional Business Intelligence (OTBI)
  • D. Oracle Fusion Middleware

Answer: C

Explanation:
Comprehensive and Detailed
The feature enabling real-time reporting is:
* Oracle Transactional Business Intelligence (OTBI) (A): Provides real-time dashboards and analytics based on transactional data, supporting financial insights.
* Oracle Fusion Middleware (B): A development platform, not for reporting.
* Oracle Cloud Infrastructure (OCI) (C): Underlying infrastructure, not a reporting tool.
* Oracle Fusion Applications Marketplace (D): For app extensions, not reporting.
This enhances decision-making, as per the training.


NEW QUESTION # 40
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