Oracle 1z0-1107-2 Exam Dumps

These are four true statements about an effective subledger period close. A subledger period close is a process that ensures that all transactions and adjustments in a subledger application, such as Projects, Payables, Fixed Assets, or Receivables, are accounted and transferred to General Ledger for a given period.To perform an effective subledger period close, you need to follow a recommended sequence of steps and dependencies among different subledger applications1. Some of these steps and dependencies are:

Projects must be closed before Fixed Assets, which means that you need to ensure that all project-related transactions and adjustments are accounted and transferred to General Ledger before creating or adjusting any assets from projects in Fixed Assets.

Payable must be closed before Projects, which means that you need to ensure that all supplier invoice and payment transactions and adjustments are accounted and transferred to General Ledger before creating or adjusting any project expenditures from Payables in Projects.

Fixed Assets must be closed before Payables, which means that you need to ensure that all asset addition, depreciation, adjustment, and retirement transactions and adjustments are accounted and transferred to General Ledger before creating or adjusting any supplier invoices from assets in Payables.

Fixed Assets must be closed before Receivables, which means that you need to ensure that all asset-related transactions and adjustments are accounted and transferred to General Ledger before creating or adjusting any customer invoices from assets in Receivables.Reference:Oracle Financials Business Process Certified Foundations Associate Rel 1

Default Transaction Calendar is the calendar that you would assign to achieve the requirement of using specific business days for which the transactions should be considered in the cash positioning report. The Specify Cash Positioning and Forecast Options page is a page where you can define the options and preferences for generating and viewing the cash positioning report. You can assign a default transaction calendar to specify the business days that are used to filter and group transactions in the report.The default transaction calendar can be different from the accounting calendar or the source calendar1.Reference:Oracle Financials Business Process Certified Foundations Associate Rel 1

This is the correct sequence of steps that should be performed to define the meals expense policy. A meals expense policy is a policy that defines the rules and limits for reimbursing meals expenses incurred by employees during their business trips.To set up a meals expense policy, you need to perform the following steps2:

Setting up a Meals Policy: This step involves creating a meals policy name, description, and effective dates.

Setting up Policy Violations: This step involves defining the conditions and actions for detecting and handling policy violations, such as warnings, errors, or audit flags.

Completing the Meals Rate Spreadsheet: This step involves entering the meal rates for different locations, currencies, and time periods in a spreadsheet template and uploading it to the system.

Associating the Meals Expense Policy with an Expense Type: This step involves linking the meals expense policy with an expense type that is used to categorize and report meals expenses.Reference:Oracle Financials Business Process Certified Foundations Associate Rel 1

This is the recommended order of steps that needs to be followed to complete your configuration of the Balance Forward Billing feature. Balance Forward Billing is a feature that enables you to consolidate multiple invoices into a single bill and send it to your customers at regular intervals, such as monthly or quarterly.To configure Balance Forward Billing, you need to perform the following steps1:

Define BFB Billing Cycle: This step involves creating a billing cycle name, description, and frequency for generating balance forward bills.

Define BFB Payment Terms: This step involves creating payment terms that specify the due date and discount date for balance forward bills.

Enable BFB in the Customer Profile: This step involves enabling the Balance Forward Billing option in the customer profile class or customer account level.

Attach BFB Payment Terms to Customer: This step involves assigning the balance forward payment terms to the customer account or site level.Reference:Oracle Financials Business Process Certified Foundations Associate Rel 1

These are three additional attributes that are considered for duplicate invoice check when the Additional Duplicate Invoice Check feature is enabled. The Additional Duplicate Invoice Check feature is a feature that enables you to perform a more comprehensive check for duplicate invoices in Oracle Payables.The feature compares the invoice number, supplier name, supplier site, invoice amount, invoice date, and invoice type of the invoices and flags any potential duplicates1.Reference:Oracle Financials Business Process Certified Foundations Associate Rel 1