Oracle 1z0-1160-1 Oracle Fusion Cloud Applications ERP Foundations Associate - Rel 1 Exam Practice Test

Comprehensive and Detailed Explanation:

The Compliant/Non-compliant Test Users metric determines:

Users who have access to key financial transactions, which helps detect high-risk transaction processes (A):Identifies users with sensitive access, aiding risk and compliance management.

Training programs (B):Unrelated to this metric.

User behavior (C):Focuses on usage, not access risks.

Comprehensive and Detailed Explanation:

AI features for touchless invoice capture are:

Intelligent Account Code Combination Defaulting (C):Automatically assigns account codes, reducing manual input.

Intelligent Document Recognition (IDR) (D):Scans and extracts invoice data (e.g., amounts, dates), enabling automation.

Intelligent Dynamic Early Payment Discounts (A):Relates to payments, not capture.

Comprehensive and Detailed Explanation:

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.

Comprehensive and Detailed Explanation:

Tax Reporting features include:

Automated tax calculations (A):Computes taxes based on transactions and rules.

Compliance with global tax regulations (D):Ensures adherence to international tax standards.

Supplier invoice validation (B):Part of Payables.

Comprehensive and Detailed Explanation:

Benefits of multi-tenant architecture include:

Reduced infrastructure costs (A):Shared resources lower the cost of maintenance and hardware.

Automatic updates and patches (C):Centralized updates ensure all tenants receive the latest features and fixes seamlessly.

Custom hardware for each customer (B):Contrary to multi-tenancy’s shared model.

Comprehensive and Detailed Explanation:

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.

Comprehensive and Detailed Explanation:

The Dunning Plans feature’s purpose is:

To send personalized reminders to customers for overdue payments (B):Automates collection notices based on payment behavior.

Automate supplier payments (A):Handled by Payables.

Track employee expenses (C):Managed by Expenses.

Comprehensive and Detailed Explanation:

The primary purpose of the General Ledger module is:

To provide a centralized repository for financial data and reporting (C):It consolidates financial transactions from subledgers (e.g., Payables, Receivables) into a single source for accounting, reporting, and analysis.

Manage supplier invoices (A):Handled by Payables, not General Ledger.

Track employee expenses (B):Managed by the Expenses module.

Comprehensive and Detailed Explanation:

The Plan to Delivery process enables Project Managers with:

Engaging with team members (A):Supports task development, issue resolution, and progress monitoring.

Providing project planning, management, and scheduling (B):Offers tools for enterprise-wide project management.

Self-maintaining qualifications (C):Relates to resource management, not delivery.

Comprehensive and Detailed Explanation:

The Project Cost to Accounting process manages indirect costs via:

Burdening (B):Aggregates raw and indirect (burden) costs for a total cost view.

Allocation (C):Distributes costs (including indirect) to projects, ensuring accurate assignment.

Calculation Manager (A):Transfers balances, not specific to indirect costs.

Comprehensive and Detailed Explanation:

Smart View’s role is:

To enable interactive financial analysis in Excel (A):Allows users to analyze ERP data dynamically in Excel.

Automate supplier payments (B):Handled by Payables.

Track employee expenses (C):Managed by Expenses.

Comprehensive and Detailed Explanation:

OCR in Expense Management:

Expense receipts in an email are automatically extracted and captured in an expense report (C):Scans emailed receipts to populate expense reports, reducing manual entry.

Created from a mobile app (A):Involves manual input, not OCR’s primary role.

Comprehensive and Detailed Explanation:

The primary advantage of Project Progress metrics is:

It helps review the percentage of work completed on projects and task exceptions (C):Provides visibility into completion rates and issues, enabling effective progress tracking.

Monitoring budget compliance (A):Secondary to progress tracking.

Tracking milestones (B):Focuses on timelines, not completion percentage.

Comprehensive and Detailed Explanation:

Oracle Cloud Success Navigator supports customers throughout their cloud journey with these key capabilities:

It offers guidance for continuous innovation (A):Provides tools and recommendations for adopting new features and optimizing usage over time.

It offers preconfigured starter environments (C):Includes Starter Configurations for rapid deployment and testing.

It provides guidance for implementation (E):Offers best practice frameworks and tools to streamline setup and rollout.

It is a place to renew your Oracle Cloud Service subscriptions (B):Subscription management is handled separately, not via Success Navigator.

Comprehensive and Detailed Explanation:

The Cash Management module reconciles transactions with bank statements using data from:

Oracle Fusion Cloud Payables and Receivables (A):Payables provides outgoing payment data (e.g., supplier payments), and Receivables provides incoming payment data (e.g., customer receipts), both critical for reconciliation.

Advanced Collections and Lease Accounting (B):These do not directly contribute to cash reconciliation.

Project Management and General Ledger (C):General Ledger integrates indirectly, but Project Management is unrelated.