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  2. Oracle Certification
  3. 1z0-1107-2 Exam
  4. Oracle.1z0-1107-2.v2024-01-18.q30 Dumps
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Question 6

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.)

Correct Answer: D
Budget to Report is the process that involves the comparison of planned versus actual figures by designing reports with the help of state-of-the-art reporting tools. It covers the steps from creating and managing budgets, forecasting and planning, consolidating and closing financial periods, and generating and analyzing financial reports1. Reference: Oracle Financials Business Process Foundations Associate Rel 2
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Question 7

Which are the two elements that make up the Hire to Retire process? (Choose two.)

Correct Answer: A,D
The two elements that make up the Hire to Retire process are managing the employee's life cycle and adding new hires. Managing the employee's life cycle involves handling all the events and changes that occur during an employee's tenure in the organization, such as transfers, promotions, terminations, leaves of absence, etc. Adding new hires involves creating person records and work relationships for new employees or contingent workers who join the organization. Managing the employee's talent profiles, managing the employee's benefits and compensation are not elements that make up the Hire to Retire process, but rather processes that fall under other business functions such as talent management or compensation management. Reference: Oracle Global Human Resources Cloud User Guide, Oracle Global Human Resources Cloud User Guide, Oracle Global Human Resources Cloud User Guide
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Question 8

The Director of Sales and the Director of Learning Enablement have a meeting to discuss future training needs for the direct reports of the Director of Sales. They notice a desire in this team to have more leadership training. The Director of Learning decides that a learning community on Leadership would be beneficial for the team. What type of learning community does the Director of Learning create to enable this?

Correct Answer: B
The type of learning community that the Director of Learning creates to enable leadership training for the team is leadership skills, which is one of the predefined types of learning communities that are available in Oracle Learning Cloud. Leadership skills learning communities are designed to help workers develop their leadership potential and competencies by providing access to relevant learning content and activities, as well as connecting them with mentors and peers who can guide and support them. Self-service, catalog, and my learning are not types of learning communities, but rather features or pages in Oracle Learning Cloud. Self-service allows workers to create their own learning communities or join existing ones. Catalog allows workers to browse and enroll in learning offerings such as courses, programs, or certifications. My learning allows workers to view and manage their learning progress and achievements. Reference: [Oracle Learning Cloud User Guide], [Oracle Learning Cloud User Guide], [Oracle Learning Cloud User Guide], Oracle Learning Cloud User Guide
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Question 9

Glenn Systems runs an advertising campaign on a monthly basis for which the expenses are incurred by the Head Office. They have a requirement to distribute the advertising ex-penses by each line of business at the end of a period. Which tool can they use to automate the distribution at the end of a period? (Choose the best Answer.)

Correct Answer: A
Calculation Manager is the tool that you can use to automate the distribution of the advertising expenses by each line of business at the end of a period. Calculation Manager is a tool that enables you to create and manage allocation rules that define how to distribute amounts from a source to one or more destinations based on various criteria, such as percentages, ratios, or formulas. You can schedule and run allocation rules periodically or on demand1. Reference: Oracle Financials Business Process Foundations Associate Rel 2
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Question 10

Your organization has decided to use the Balance Forward Billing feature to consolidate multiple invoices into a single bill and you have been asked to configure this feature. What is the recommended order of steps that needs to be followed to complete your configuration? (Choose the best Answer.)

Correct Answer: D
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
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