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Oracle 1z0-1107-2 Exam Syllabus Topics:

Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:

1. Your organization has decided to automate the entry of cash receipts by using a method where the customer goes and deposits the money directly into your bank account for the due invoices and the banker provides a data file to you. Which method can your organization implement to achieve this? (Choose the best Answer.)

A) Spreadsheet
B) Toolbox
C) Lockbox
D) Automatic Receipts

2. Your organization has decided to apply late charges against overdue customer transactions as well as delayed payments. Your manager has requested you to evaluate the various methods that can be used to calculate late charges. Which three are valid options for calculating late charges? (Choose three.)

A) Late Payments Only
B) Average Quarterly Balance
C) Overdue Transactions and Late Payments
D) Fortnightly Balance
E) Overdue Transactions Only

3. Invoice Number TRS11212 for USD 10000 was recorded for the customer Easy Solutions and it became due last week. The customer had made a payment for USD 8000 on the due date and requested for an additional 7 days' time to pay the remaining amount. You have decided to close the original invoice and create another debit item for the remaining amount of USD 2000. Which type of transaction would you create to record the debit item for USD 2000? (Choose the best Answer.)

A) Debit Memo
B) Chargeback
C) Write Off
D) Invoice

4. Sharon is working as a collections manager and he is interested in performing an analysis based on the difference between the date of settlement and the due date of payment of invoice. Which key performance indicator will help him to review this information? (Choose the best Answer.)

A) Percent Current
B) Days Sales Outstanding
C) Collector Effective Index
D) Average Days Delinquent
E) Promise to Pay

5. Which four factors are responsible for calculating taxes on Receivables transactions? (Choose four.)

A) Products
B) Parties
C) Programs
D) Places
E) Processes
F) Plans

Solutions: