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

Comprehensive and Detailed Explanation:

AI features for touchless invoice capture are:

Intelligent Account Code Combination Defaulting (C):Automatically assigns account codes, reducing manual input.

Intelligent Document Recognition (IDR) (D):Scans and extracts invoice data (e.g., amounts, dates), enabling automation.

Intelligent Dynamic Early Payment Discounts (A):Relates to payments, not capture.

Comprehensive and Detailed Explanation:

The Period Close process’s purpose is:

To ensure accurate financial reporting at the end of accounting periods (B):Finalizes transactions and balances for reporting compliance.

Automate supplier payments (A):Handled by Payables.

Track employee expenses (C):Managed by Expenses.

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:

Benefits of multi-tenant architecture include:

Reduced infrastructure costs (A):Shared resources lower the cost of maintenance and hardware.

Automatic updates and patches (C):Centralized updates ensure all tenants receive the latest features and fixes seamlessly.

Custom hardware for each customer (B):Contrary to multi-tenancy’s shared model.

Comprehensive and Detailed Explanation:

Dynamic Discounting benefits include:

Improved supplier relationships through early payment incentives (A):Suppliers get paid faster, strengthening ties.

Optimized cash flow for buyers (D):Buyers save via discounts, improving cash flow.

Automated customer collections (B):Unrelated to discounting.

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 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:

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:

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.

Comprehensive and Detailed Explanation:

The key benefit is:

Provides a Standard Configuration that supports solution-led implementation (A):OMBPs (Oracle Methodology Business Processes) in Starter Configurations offer prebuilt, best-practice setups for rapid deployment.

Fully Customized setup (B):Not the goal; focuses on standardization.

Comprehensive and Detailed Explanation:

The Procurement module’s purpose is:

To streamline supplier sourcing, purchasing, and contract management (B):Manages supplier relationships, purchase orders, and contracts efficiently.

Manage customer invoices (A):Handled by Receivables.

Track employee expenses (C):Managed by Expenses.

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.