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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 16

Glenn Systems owns a luxury car and they want to restrict the amount of depreciation that should be charged to this asset in a particular period. Which two types of depreciation ceiling can they use to achieve this? (Choose two.)

Correct Answer: B,C
These are two types of depreciation ceiling that you can use to restrict the amount of depreciation that should be charged to your luxury car in a particular period. Depreciation Cost Ceiling is a limit on the total depreciation amount that can be charged over the life of an asset. Depreciation Expense Ceiling is a limit on the depreciation amount that can be charged in a single period for an asset1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
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Question 17

Your organization is exploring solutions that enable their employees to submit expenses by using opt such as SMS or Microsoft Teams. Which technology will help your organization achieve this? (Choose the best Answer.)

Correct Answer: C
Digital Assistant is the technology that will help your organization achieve the solution of enabling their employees to submit expenses by using opt such as SMS or Microsoft Teams. Digital Assistant is a conversational interface that allows users to interact with various applications and services through natural language. Users can use Digital Assistant to create and submit expense reports, attach receipts, review approvals, and check reimbursements using their preferred channels, such as SMS, Microsoft Teams, Slack, or Facebook Messenger2. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
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Question 18

Which part of Work Life does Mentorship fall under?

Correct Answer: B
Mentorship falls under the personal brand part of work life, which is a feature that helps workers build their reputation and visibility within the organization by showcasing their skills, interests, achievements, and goals. Mentorship allows workers to find mentors who can guide them in their career development, as well as offer their own expertise as mentors to others. Wellness, social reputation, and volunteering are other parts of work life, but they are not related to mentorship. Wellness helps workers manage their physical and mental well-being by providing access to wellness resources and programs. Social reputation helps workers increase their social influence by displaying their social network activity and ratings. Volunteering helps workers find and participate in volunteering opportunities that match their interests and skills. Reference: [Oracle Work Life Solutions Cloud User Guide], [Oracle Work Life Solutions Cloud User Guide], [Oracle Work Life Solutions Cloud User Guide], [Oracle Work Life Solutions Cloud User Guide], Oracle Work Life Solutions Cloud User Guide
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Question 19

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.)

Correct Answer: D
Debit Memo is the type of transaction that you would create to record the debit item for USD 2000. A debit memo is a transaction that increases the amount owed by a customer, such as a partial payment, a penalty, or a price adjustment. You can create a debit memo to close the original invoice and generate a new invoice for the remaining amount1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
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Question 20

Which is the first critical path of payroll processing?

Correct Answer: A
The first critical path of payroll processing is calculate payroll, which is a process that calculates the gross-to-net earnings and deductions for each employee in a payroll run. Calculate payroll is the core process that determines the amount of money that each employee will receive or pay in a payroll period. Archive periodic payroll results is a process that transfers the payroll results from the current table to the archive table for historical reporting purposes. It is not a critical path of payroll processing, but rather an optional process that can be performed after the payroll run is completed. Electronic funds transfer (EFT) process is a process that generates payment files for employees who are paid by direct deposit or wire transfer. It is not a critical path of payroll processing, but rather a post-payroll process that can be performed after the payroll run is confirmed. Calculate prepayments is a process that estimates the net pay for each employee before the actual payroll run is performed. It is not a critical path of payroll processing, but rather a preliminary process that can be performed before the payroll run is initiated. Reference: [Oracle Global Payroll Cloud User Guide], [Oracle Global Payroll Cloud User Guide], [Oracle Global Payroll Cloud User Guide], [Oracle Global Payroll Cloud User Guide]
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