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Last Updated: Aug 30, 2026

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Oracle 1z0-1107-2 Practice Q&A's

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Oracle 1z0-1107-2 Exam Syllabus Topics:

SectionObjectives
Topic 1: Accounts Payable- Supplier Management
- Payment Processing
- Invoice Processing
Topic 2: General Ledger- Financial Reporting Basics
- Journal Processing
- Chart of Accounts and Ledger Configuration
Topic 3: Cash Management- Bank Reconciliation
- Bank Account Setup
Topic 4: Fixed Assets- Asset Creation and Management
- Depreciation Processing
Topic 5: Accounts Receivable- Receipts and Collections
- Billing and Invoicing
- Customer Management
Topic 6: Oracle Financials Cloud Overview

Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:

Question 1

Collector Jim Jones is working on a delinquent customer account and he has created some action items to follow up with this customer, including making a phone call and a personal vis-it. On which infotile can he find these action items? (Choose the best Answer.)

A. Promises
B. Activities
C. Strategy Tasks
D. Delinquent


Question 2

Ganesh works for Glenn Systems as a General Accountant and he has a requirement to create periodic allocations at the end of the month to distribute welfare expenses. The allocations will be based on headcounts in each department. In which currency should the journal entry be created to load the headcounts? (Choose the best Answer.)

A. Statistical Currency
B. Ledger Currency
C. Foreign Currency
D. Reporting Currency


Question 3

Cash Management provides you the flexibility to create external transactions. Which two types of transactions can be categorized as external? (Choose two.)

A. penalty for delayed supplier payments
B. bank interest
C. bank charges
D. late charges on delayed customer payments


Question 4

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.)

A. Procure to Pay
B. Budget to Report
C. Accounting Transformation
D. Invoice to Cash


Question 5

Easy Solutions INC has decided to set up a meals expense policy and you have been given the responsibility to define the policy. Identify the correct sequence of steps that should be per-formed to define the meals expense policy? (Choose the best Answer.)

A. Setting up a Meals Policy > Setting up Policy Violations > Completing the Meals Rate Spreadsheet > Associating the Meals Expense Policy with an Expense Type
B. Associating the Meals Expense Policy with an Expense Type > Setting up Policy Violations > Setting up a Meals Policy > Associating the Meals Expense Policy with an Expense Type
C. Setting up Policy Violations > Setting up a Meals Policy > Completing the Meals Rate Spreadsheet > Associating the Meals Expense Policy with an Expense Type
D. Completing the Meals Rate Spreadsheet > Setting up Policy Violations > Setting up a Meals Policy > Associating the Meals Expense Policy with an Expendim Type


Solutions:

Question 1
Answer: B
Question 2
Answer: A
Question 3
Answer: B,C
Question 4
Answer: B
Question 5
Answer: A

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