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Quiz Oracle - Latest 1Z0-1160-1 - Oracle Fusion Cloud Applications ERP Foundations Associate - Rel 1 Practice Exams Free

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Oracle 1Z0-1160-1 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Oracle Cloud Applications and Oracle Modern Best Practice (OMBP): This section measures skills of ERP Implementation Architects and covers Oracle's SaaS solutions for ERP, supply chain, and human capital management, including AI-driven analytics and integrated data flows across modules. It addresses ERP suite capabilities like financial automation, IoT-enabled inventory tracking, and cross-functional process alignment using OCI's infrastructure.
Topic 2
  • Cloud Success Navigator and Oracle Cloud Quality Standards: Focusing on Cloud Optimization Specialists, this domain explains accelerated deployment through prebuilt OMBP templates and starter configurations. It emphasizes quality benchmarks for system scalability, security posture validation, and alignment with industry-specific operational standards.
Topic 3
  • OMBPs for Risk Management: This section validates the skills of Enterprise Risk Analysts in configuring risk identification frameworks, control testing protocols, and mitigation workflows. It covers design considerations for threat modeling and KPIs such as incident response times and compliance violation reduction rates.
Topic 4
  • OMBPs for Financials: Targeting Financial Process Designers, this domain outlines end-to-end financial workflows such as revenue cycle management, payment reconciliation, and regulatory reporting. It evaluates knowledge of cash flow optimization techniques, compliance frameworks, and KPIs like working capital efficiency and audit success rates.
Topic 5
  • OMBPs for Projects: Designed for Project Delivery Managers, this section details workflows for project planning, resource allocation, and milestone tracking. It assesses expertise in integrating risk assessments, budget controls, and performance metrics like schedule adherence percentages and ROI calculations.

Oracle Fusion Cloud Applications ERP Foundations Associate - Rel 1 Sample Questions (Q18-Q23):

NEW QUESTION # 18
What is the primary purpose of the Oracle Fusion Cloud ERP General Ledger module?

  • A. To provide a centralized repository for financial data and reporting
  • B. To manage supplier invoices and payments
  • C. To automate customer collections and dunning processes
  • D. To track employee expenses and reimbursements

Answer: A

Explanation:
Comprehensive and Detailed
The primary purpose of the General Ledger module is:
* To provide a centralized repository for financial data and reporting (C): It consolidates financial transactions from subledgers (e.g., Payables, Receivables) into a single source for accounting, reporting, and analysis.
* Manage supplier invoices (A): Handled by Payables, not General Ledger.
* Track employee expenses (B): Managed by the Expenses module.
* Automate customer collections (D): Part of Advanced Collections, not General Ledger.
This central role ensures financial accuracy, as per the training.


NEW QUESTION # 19
Which two are key capabilities of the Plan to Delivery process that enable Project Managers to effectively achieve their project deliverables?

  • A. Providing project planning, management, and scheduling functions to all individuals within the enterprise who are required to manage project-based work
  • B. Allowing employees to self-maintain their qualifications and proficiencies, contributing to a central source of truth
  • C. Engaging with team members to develop tasks, resolve issues, report progress, and monitor the status of projects
  • D. Facilitating the accumulation of costs associated with the construction, installation, or acquisition of fixed assets

Answer: A,C

Explanation:
Comprehensive and Detailed
The Plan to Delivery process enables Project Managers with:
* Engaging with team members (A): Supports task development, issue resolution, and progress monitoring.
* Providing project planning, management, and scheduling (B): Offers tools for enterprise-wide project management.
* Self-maintaining qualifications (C): Relates to resource management, not delivery.
* Accumulating costs (D): Focuses on cost tracking, not delivery directly.
These capabilities ensure effective project execution, as per the training.


NEW QUESTION # 20
Which three are key capabilities of Oracle Cloud Success Navigator?

  • A. It offers preconfigured starter environments
  • B. It is a place to renew your Oracle Cloud Service subscriptions
  • C. It provides guidance for implementation
  • D. It offers guidance for continuous innovation
  • E. It is a source of online product documentation

Answer: A,C,D

Explanation:
Comprehensive and Detailed
Oracle Cloud Success Navigator supports customers throughout their cloud journey with these key capabilities:
* It offers guidance for continuous innovation (A): Provides tools and recommendations for adopting new features and optimizing usage over time.
* It offers preconfigured starter environments (C): Includes Starter Configurations for rapid deployment and testing.
* It provides guidance for implementation (E): Offers best practice frameworks and tools to streamline setup and rollout.
* It is a place to renew your Oracle Cloud Service subscriptions (B): Subscription management is handled separately, not via Success Navigator.
* It is a source of online product documentation (D): Documentation exists elsewhere (e.g., Oracle Help Center), not as a primary capability here.
These features ensure effective adoption and management, as per the ERP Foundations training.


NEW QUESTION # 21
What is the purpose of Oracle Fusion Cloud Receivables' AutoReceipt feature?

  • A. It generates electronic invoices for customers based on their billing cycles
  • B. It reconciles bank statements with accounts receivable balances
  • C. It automatically applies payments to open invoices, reducing manual intervention
  • D. It calculates sales tax based on customer locations

Answer: C

Explanation:
Comprehensive and Detailed
The purpose is:
* It automatically applies payments to open invoices, reducing manual intervention (A): Automates receipt application for efficiency.
* Generates electronic invoices (B): Relates to invoicing, not receipts.
* Reconciles bank statements (C): Handled by Cash Management.
* Calculates sales tax (D): Unrelated to receipts.
This improves efficiency, as per the training.


NEW QUESTION # 22
How does the Average Days Delinquent (ADD) metric benefit a company's collection efforts?

  • 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

Explanation:
Comprehensive and Detailed
The ADD metric benefits collections by:
* Identifying potential cash flow risks and customer creditworthiness, enabling timely corrective actions (B): Measures average delinquency days to highlight risky accounts and inform collection strategies.
* Assessing efficiency (A): Focuses on amounts, not delinquency timing.
* Calculating total collected (C): Relates to recovery, not ADD's purpose.
This improves cash flow management, as per the training.


NEW QUESTION # 23
......

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