Oracle 1z0-1107-2 Exam Topics
Oracle 1z0-1107-2 Exam Overview :
| Exam Name: | Oracle Financials Business Process Foundations Associate Rel 2 |
| Exam Code: | 1z0-1107-2 |
| Certifications: | Oracle Foundation Certifications |
| See Expected Questions: | Oracle 1z0-1107-2 Expected Questions in Actual Exam |
Oracle 1z0-1107-2 Exam Objectives :
| Section | Objectives |
|---|---|
| Describe Oracle Cloud Financials Business Models | This section, aimed at Financial Managers and Business Analysts, explores the core concepts of Oracle Cloud Financials. It covers the diverse financial business Process flows, offering a comprehensive view of financial operations in the Oracle Cloud ecosystem. The section also examines the latest Cloud tools and Emerging Technologies used in Oracle Cloud Financials. Additionally, it outlines role-based Job Roles for each Process, providing insight into the organizational structure within the Oracle Cloud Financials framework. |
| Describe Invoice to Cash Process flow | This section, which is aimed at Accounts Receivable Specialists and Financial Analysts, covers the crucial Invoice to Cash Process flow. It gives a comprehensive overview of the Invoice Receipt Process, outlining every stage from the creation of the invoice to the receipt of payment. The section also covers the AR Capture Taxes Process, ensuring an understanding of tax handling in accounts receivable. It further explores the Statement to Collections Process and the AR Bank Transaction to Bank Statement Process, offering insights into payment management and reconciliation procedures. |
| Describe Procure to Payment Process flow | This section covers the whole procure-to-payment cycle and is intended for Accounts Payable Specialists and Procurement Managers. The Expenses to Reimbursement Process comes first, followed by the Invoice to Payment Process. The section also explains the AP Capture Taxes Process and the AP Cash Reconciliation Process, ensuring candidates understand tax implications in accounts payable and how to maintain accuracy between payments and bank statements. |
| Describe Asset Acquisition to Retirement Process flow | This domain only addresses the Asset to Retirement Process for Asset Management Specialists. It offers a thorough rundown of the Oracle Cloud Financials system's asset lifecycle management processes. This covers the purchase of assets, their gradual depreciation, any prospective transfers or upgrades, and, at the end, their retirement or disposal. The section ensures candidates understand how to effectively track and manage organizational assets using Oracle Cloud Financials. |
| Describe Accounting Transformation Process flow | For Accountants and Financial Controllers, this part of the exam covers the Sub ledger Accounting to the Posting Process. It explains how transactions from various sub-ledgers are transformed and posted to the general ledger. This section ensures candidates understand the critical process of consolidating financial data from different sources into a coherent and accurate general ledger, which forms the basis for financial reporting. |
| Describe Budget to Report Process flow | For Financial Planners and Reporting Analysts, this section covers three key processes: the Manage Budget & Forecast Process, the Capture Transaction process, and the Period Close to Financial Reporting process. It explains how budgets are created and adjusted, how financial transactions are recorded, and how financial periods are closed and reports generated. This section ensures a comprehensive understanding of the budgeting to reporting cycle within Oracle Cloud Financials. |
Updates in the Oracle 1z0-1107-2 Exam Topics:
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