Online 1Z0-1160-1 Practice Test

Question 1

What is the primary purpose of Oracle Fusion Cloud ERP's Lease Accounting module?

Options :

A : To manage supplier contracts

B : To track and report lease-related financial data

C : To automate customer collections

D : To reconcile bank statements

Answer: B

Question 2

Which modules integrate with the Cash Management module for reconciliation between system transactions and bank statement lines?

Options :

A : Oracle Fusion Cloud Payables and Oracle Fusion Cloud Receivables

B : Oracle Fusion Cloud Advanced Collections and Oracle Fusion Cloud Lease Accounting

C : Oracle Fusion Cloud Project Management and Oracle Fusion Cloud General Ledger

D : Oracle Fusion Cloud Expenses and Oracle Fusion Cloud Fixed Assets

Answer: A

Question 3

Which two modules integrate with Oracle Fusion Cloud Payables for seamless financial operations?

Options :

A : Oracle Fusion Cloud Receivables

B : Oracle Fusion Cloud Procurement

C : Oracle Fusion Cloud Fixed Assets

D : Oracle Fusion Cloud Project Management

Answer: B,C

Question 4

How does the Average Days Delinquent (ADD) metric benefit a company's collection efforts?

Options :

A :

ADD assesses the efficiency of the collection process by comparing collected and potentially collectible amounts

B :

ADD identifies potential cash flow risks and customer creditworthiness, enabling timely corrective actions

C : ADD calculates the total amount collected, helping set recovery targets for the collection team

Answer: B

Question 5

Which functionality in Oracle Fusion Cloud Payables ensures that supplier invoices are properly validated before payment processing?

Options :

A : Invoice Matching and Validation

B : Payment Holds

C : Invoice Archiving

D : Automated Tax Calculation

Answer: A

EXPERTY DESIGNED 1Z0-1160-1 PRACTICE TEST