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Oracle Financials Business Process Foundations Associate Rel 2 : 1z0-1107-2

  • Exam Code: 1z0-1107-2
  • Exam Name: Oracle Financials Business Process Foundations Associate Rel 2
  • Updated: Jun 05, 2026
  • Q & A: 48 Questions and Answers

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Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:

1. Ganesh is trying to import a journal from an external system and he has encountered an error. Which are three reasons for the error? (Choose three.)

A) Accounting Date is in a Closed Period.
B) Accounting Date is in a Future Period.
C) Accounting Date is in an Open Period.
D) Journal Source for the external system has not been defined.
E) Accounting Period is Closed.


2. Which three attributes can be used as selection criteria when submitting a payment process request? (Choose three.)

A) Pay Through Date
B) Supplier Type
C) Pay Groups
D) Invoice Type
E) Payment Terms


3. Invoice Number TRS11212 for USD 10000 was recorded for the customer Easy Solutions and it became due last week. The customer had made a payment for USD 8000 on the due date and requested for an additional 7 days' time to pay the remaining amount. You have decided to close the original invoice and create another debit item for the remaining amount of USD 2000. Which type of transaction would you create to record the debit item for USD 2000? (Choose the best Answer.)

A) Write Off
B) Debit Memo
C) Invoice
D) Chargeback


4. Your organization has decided to use the automatic reconciliation feature to reconcile bank statement lines with system transactions. Which three components will be useful for the auto-matic reconciliation of bank statements with system transactions? (Choose three.)

A) Transfer Rules
B) Matching Rules
C) Transaction Grouping Rules
D) Tolerance Rules
E) Parse Rule Set


5. Easy Solutions INC has decided to set up a meals expense policy and you have been given the responsibility to define the policy. Identify the correct sequence of steps that should be per-formed to define the meals expense policy? (Choose the best Answer.)

A) Associating the Meals Expense Policy with an Expense Type > Setting up Policy Violations > Setting up a Meals Policy > Associating the Meals Expense Policy with an Expense Type
B) Completing the Meals Rate Spreadsheet > Setting up Policy Violations > Setting up a Meals Policy > Associating the Meals Expense Policy with an Expendim Type
C) Setting up a Meals Policy > Setting up Policy Violations > Completing the Meals Rate Spreadsheet > Associating the Meals Expense Policy with an Expense Type
D) Setting up Policy Violations > Setting up a Meals Policy > Completing the Meals Rate Spreadsheet > Associating the Meals Expense Policy with an Expense Type


Solutions:

Question # 1
Answer: A,B,E
Question # 2
Answer: A,C,D
Question # 3
Answer: B
Question # 4
Answer: B,C,D
Question # 5
Answer: C

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