Pass the Oracle Certified Associate 1z0-1160-1 Questions and answers with ExamsMirror

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:

Payables integrates with:

Oracle Fusion Cloud Procurement (B):Provides purchase order data for invoice matching and validation, ensuring seamless procurement-to-payment processes.

Oracle Fusion Cloud Fixed Assets (C):Transfers asset purchase data from Payables for capitalization and lifecycle management.

Receivables (A):Focuses on customer payments, not directly linked to Payables operations.

Comprehensive and Detailed Explanation:

Smart View’s role is:

To enable interactive financial analysis in Excel (A):Allows users to analyze ERP data dynamically in Excel.

Automate supplier payments (B):Handled by Payables.

Track employee expenses (C):Managed by Expenses.

Comprehensive and Detailed Explanation:

The feature enabling real-time reporting is:

Oracle Transactional Business Intelligence (OTBI) (A):Provides real-time dashboards and analytics based on transactional data, supporting financial insights.

Oracle Fusion Middleware (B):A development platform, not for reporting.

Oracle Cloud Infrastructure (OCI) (C):Underlying infrastructure, not a reporting tool.

Comprehensive and Detailed Explanation:

The Account Reconciliation feature’s purpose is:

To ensure accurate reconciliation of financial accounts (B):Matches account balances with source data for accuracy.

Automate supplier payments (A):Handled by Payables.

Track employee expenses (C):Managed by Expenses.

Comprehensive and Detailed Explanation:

The Cash Management module reconciles transactions with bank statements using data from:

Oracle Fusion Cloud Payables and Receivables (A):Payables provides outgoing payment data (e.g., supplier payments), and Receivables provides incoming payment data (e.g., customer receipts), both critical for reconciliation.

Advanced Collections and Lease Accounting (B):These do not directly contribute to cash reconciliation.

Project Management and General Ledger (C):General Ledger integrates indirectly, but Project Management is unrelated.

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:

A Starter Configuration in Oracle Fusion Cloud Applications is a prebuilt environment designed to accelerate implementation by providing foundational elements. The three features included are:

Artificial Intelligence capabilities (A):Embedded AI features, such as predictive analytics and automation, are part of the Starter Configuration to enhance efficiency and decision-making from the outset.

Sample master data and transaction data (B):Preloaded sample data simulates real-world scenarios, enabling users to test processes and functionalities without needing live customer data initially.

Configuration of Oracle Cloud Applications (D):Preconfigured setups aligned with best practices ensure that core Oracle Cloud Applications are ready for use or minor adjustments.

Customer production data (C):This is not included, as Starter Configurations focus on generic setups rather than live, customer-specific data.

Comprehensive and Detailed Explanation:

Project Billing capabilities include:

Customer invoice generation (A):Creates invoices based on project work.

Revenue recognition and billing (B):Manages revenue and billing schedules.

Supplier invoice validation (C):Part of Payables.

Comprehensive and Detailed Explanation:

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.