1z0-1160-1 Oracle Fusion Cloud Applications ERP Foundations Associate - Rel 1 Questions and Answers

Comprehensive and Detailed Explanation:

The Project Cost to Accounting process manages indirect costs via:

Burdening (B):Aggregates raw and indirect (burden) costs for a total cost view.

Allocation (C):Distributes costs (including indirect) to projects, ensuring accurate assignment.

Calculation Manager (A):Transfers balances, not specific to indirect costs.

Comprehensive and Detailed Explanation:

Financial Reporting tools feature:

Real-time dashboards and analytics (A):Provide instant insights via OTBI.

Customizable financial statements (C):Allow tailored reporting formats.

Automated supplier invoice processing (B):Part of Payables, not reporting.

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:

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:

Fixed Assets capabilities include:

Asset acquisition and retirement tracking (A):Manages the asset lifecycle from purchase to disposal.

Depreciation calculation and reporting (D):Automates depreciation and provides reports.

Supplier invoice validation (B):Part of Payables.

Comprehensive and Detailed Explanation:

The process is:

Journal Approval Workflow (B):Routes journals for approval to ensure policy compliance before posting.

Account Payables Validation (A):Relates to invoices, not journals.

Ledger Reconciliation (C):Reconciles accounts, not journal compliance.

Comprehensive and Detailed Explanation:

A key benefit is:

Provides a structured framework to manage construction in progress costs, enabling efficient cost management and precise financial reporting (C):Tracks costs during asset construction for accurate capitalization and reporting.

Demand forecasting (A):Unrelated to this process.

Comprehensive and Detailed Explanation:

Project Costing features include:

Budget tracking and control (A):Monitors project budgets for cost oversight.

Cost allocation and burdening (D):Distributes and aggregates costs, including indirect costs.

Supplier invoice validation (B):Part of Payables.

Comprehensive and Detailed Explanation:

OCR in Expense Management:

Expense receipts in an email are automatically extracted and captured in an expense report (C):Scans emailed receipts to populate expense reports, reducing manual entry.

Created from a mobile app (A):Involves manual input, not OCR’s primary role.

Comprehensive and Detailed Explanation:

The Advanced Collections module’s purpose is:

To automate customer collections and improve cash flow (B):Automates dunning and payment follow-ups to enhance cash recovery.

Manage supplier payments (A):Handled by Payables.

Track employee expenses (C):Managed by Expenses.

Comprehensive and Detailed Explanation:

IDR’s role is:

To automate supplier invoice data extraction (A):Scans and extracts invoice details (e.g., amounts, dates) for touchless processing.

Track employee expenses (B):Handled by Expenses.

Manage customer collections (C):Part of Collections.

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.