1z0-1160-1 Questions and Answers

Comprehensive and Detailed Explanation:

The Compliant/Non-compliant Test Users metric determines:

Users who have access to key financial transactions, which helps detect high-risk transaction processes (A):Identifies users with sensitive access, aiding risk and compliance management.

Training programs (B):Unrelated to this metric.

User behavior (C):Focuses on usage, not access risks.

Comprehensive and Detailed Explanation:

The feature enabling real-time reporting is:

Oracle Transactional Business Intelligence (OTBI) (A):Provides real-time dashboards and analytics based on transactional data, supporting financial insights.

Oracle Fusion Middleware (B):A development platform, not for reporting.

Oracle Cloud Infrastructure (OCI) (C):Underlying infrastructure, not a reporting tool.

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:

The module integrating with Fixed Assets for asset purchases is:

Oracle Fusion Cloud Payables (A):Handles supplier invoices for asset acquisitions, transferring data to Fixed Assets to record costs and initiate the asset lifecycle.

Receivables (B):Manages customer payments, unrelated to asset purchases.

Expenses (C):Focuses on employee reimbursements, not asset acquisition.

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 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:

The subledger accounting engine generates journal entries from transactional data in these modules:

Accounts Payable module (A):Processes supplier invoices and payments, directly feeding data into the subledger accounting engine for accounting entries (e.g., liabilities, payments).

Fixed Assets module (C):Manages asset transactions (e.g., acquisitions, depreciation), integrating with the subledger accounting engine to record entries.

Advanced Collections module (B):Focuses on delinquency management, not direct accounting entry generation.

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:

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 Billing capabilities include:

Customer invoice generation (A):Creates invoices based on project work.

Revenue recognition and billing (B):Manages revenue and billing schedules.

Supplier invoice validation (C):Part of Payables.