1z0-1160-1 Oracle Fusion Cloud Applications ERP Foundations Associate - Rel 1 Free Practice Exam Questions (2025 Updated)

Comprehensive and Detailed Explanation:

Receivables features include:

Customer invoice generation (A):Creates and manages customer invoices.

Customer collections management (C):Handles payment follow-ups and collections.

Supplier payment processing (B):Part of Payables.

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:

The Lease Accounting module’s purpose is:

To track and report lease-related financial data (B):Ensures compliance with lease standards (e.g., IFRS 16, ASC 842) by tracking and reporting lease liabilities and assets.

Manage supplier contracts (A):Handled by Procurement.

Automate customer collections (C):Part of Collections.

Comprehensive and Detailed Explanation:

Dynamic Discounting’s primary role is:

Offers early payment incentives, optimizing cash flow and strengthening supplier relationships (B):Buyers pay early for discounts, improving their cash flow, while suppliers gain faster payments, enhancing relationships.

Real-time tracking (A):Supports visibility, not the core role.

Comprehensive and Detailed Explanation:

Key benefits are:

Seamless interface for transactions (B):Integrates project data from various sources for accurate cost capture.

Manages indirect costs easily (C):Simplifies burden and allocation for total cost visibility.

Single view for team members (A):Unrelated to cost assessment.

Comprehensive and Detailed Explanation:

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.

Comprehensive and Detailed Explanation:

The Resource Management dashboard provides:

Unassigned Resources (A):Analyzes unassigned hours versus available hours, optimizing resource allocation.

Projected Utilization (C):Compares projected utilization to targets, aiding in planning and efficiency.

Project Milestones (B):Focuses on timelines, not resource utilization.

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:

Smart View adds value by:

Enabling interactive, multi-dimensional analysis of financial data within a familiar Excel environment (A):Allows users to analyze data dynamically in Excel, enhancing reporting flexibility.

Faster journal processing (B):Not Smart View’s role.

Automating statutory reports (C):Involves other tools, not Smart View.

Comprehensive and Detailed Explanation:

Key considerations are:

Payment behavior and credit risk (D):Focuses on payment history and creditworthiness, critical for scoring.

Customer location and size (A):Secondary factors, not primary.

Number of invoices (B):Impacts volume, not scoring directly.

Comprehensive and Detailed Explanation:

The Security Console’s role is:

To manage user roles and access controls (A):Allows administrators to define, assign, and monitor user roles and permissions, ensuring secure access to ERP functions.

Automate financial reporting (B):Handled by reporting tools, not Security Console.

Track project milestones (C):Part of Project Management, not security.

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:

Project Management features include:

Resource allocation and utilization tracking (A):Manages resource assignment and usage.

Project cost accounting and budgeting (C):Tracks and budgets project costs.

Supplier invoice validation (B):Part of Payables.