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Oracle 1Z0-1160-1 100% Correct Answers | Test 1Z0-1160-1 King
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Oracle Fusion Cloud Applications ERP Foundations Associate - Rel 1 Sample Questions (Q11-Q16):
NEW QUESTION # 11
Which two capabilities of Oracle Fusion Cloud Applications are key to automating the collections process and improving overall efficiency?
- A. Collection Strategies allow the creation of customized collection plans tailored to different customer segments
- B. Promise to Pay records customer promises to pay and automatically notifies the customer
- C. Dunning Plans send personalized reminders and notices based on customer payment behavior
- D. Real-Time Analytics provide instant insights into customer payment trends, aiding in decision-making
Answer: B,C
Explanation:
Comprehensive and Detailed
Key automation capabilities in collections are:
* Dunning Plans (A): Automate personalized reminders based on payment behavior, enhancing efficiency.
* Promise to Pay (B): Records commitments and sends automated notifications, streamlining follow-ups.
* Real-Time Analytics (C): Provides insights but is not an automation feature.
* Collection Strategies (D): Customizes plans but is less about automation than execution.
These improve collections efficiency, as per the training.
NEW QUESTION # 12
What is the primary purpose of Oracle Cloud Success Navigator?
- A. To provide a best practice framework with tools and guidance that support organizations in their Cloud journey
- B. To automate the migration of on-premises solutions to Oracle Cloud
- C. To provision Oracle Cloud Applications
- D. To offer a platform for reporting bugs and issues with Oracle Cloud products
Answer: A
Explanation:
Comprehensive and Detailed
The primary purpose of Oracle Cloud Success Navigator is:
* To provide a best practice framework with tools and guidance that support organizations in their Cloud journey (D): It offers a structured approach with resources like the Adoption Center and Starter Configurations to ensure successful implementation and ongoing optimization.
* To offer a platform for reporting bugs (A): Bug reporting is managed via support systems, not Success Navigator.
* To automate the migration of on-premises solutions (B): Migration tools exist separately; this is not its purpose.
* To provision Oracle Cloud Applications (C): Provisioning is a technical process, not the focus of Success Navigator.
This purpose supports Oracle's customer success strategy, as outlined in the training.
NEW QUESTION # 13
What is a key benefit of implementing the Capital Project to Asset process in an organization's financial management system?
- A. Supports demand forecasting and capacity planning, helping organizations anticipate future resource needs
- B. Provides a structured framework to manage construction in progress costs, enabling efficient cost management and precise financial reporting
- C. Ensures accurate and consistent depreciation expenses, ensuring project reports are reliable and compliant with accounting standards
Answer: B
Explanation:
Comprehensive and Detailed
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.
* Depreciation expenses (B): A downstream benefit, not the primary focus.
This improves financial accuracy, as per the training.
NEW QUESTION # 14
Which capability in Oracle Fusion Cloud Expenses helps ensure policy compliance and reduces the need for manual verification?
- A. Real-time policy enforcement
- B. Mileage tracking and calculation
- C. Digital receipt matching
- D. Automated expense categorization
Answer: A
Explanation:
Comprehensive and Detailed
The key capability is:
* Real-time policy enforcement (A): Automatically checks expenses against policies, reducing manual verification.
* Mileage tracking (B): Calculates mileage but not policy compliance.
* Digital receipt matching (C): Matches receipts, not policy enforcement.
* Automated categorization (D): Organizes expenses, not compliance-focused.
This ensures compliance, as per the training.
NEW QUESTION # 15
Which two are key benefits of leveraging the Project Cost to Accounting OMBP for assessing project costs?
- A. Manages indirect cost easily on projects for cost monitoring
- B. Provides robust search capabilities that align resource demand with qualifications, resumes, and availability of project resources
- C. Helps Team Members to manage administrative and project work in a single view
- D. Provides a seamless interface to capture and transfer project-related transactions from other Oracle Fusion Applications and External Applications
Answer: A,D
Explanation:
Comprehensive and Detailed
Key benefits are:
* Seamless interface for transactions (B): Integrates project data from various sources for accurate cost capture.
* Manages indirect costs easily (C): Simplifies burden and allocation for total cost visibility.
* Single view for team members (A): Unrelated to cost assessment.
* Robust search capabilities (D): Relates to resource management, not costs.
This enhances cost management, as per the training.
Reference:
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NEW QUESTION # 16
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