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

Comprehensive and Detailed Explanation:

The Adoption Center in Oracle Cloud Success Navigator is designed to:

It allows customers to explore new theme-based features and understand their innovation opportunities (A):This is the primary purpose, providing resources on new features, updates, and innovation themes (e.g., AI, process enhancements) to help customersadopt and leverage advancements proactively.

It serves as a knowledge base containing FAQs and troubleshooting guides (B):While support resources exist elsewhere, this is not the Adoption Center’s core focus.

It provides a platform for customers to submit feedback (C):Feedback submission is handled through other channels, not the Adoption Center.

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:

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:

Essential automation options are:

Auto Invoicing (B):Automates invoice creation and posting, ensuring accuracy and speed.

Receipts AutoMatch (C):Matches receipts to invoices automatically, improving timeliness.

Collection Strategies (A):Focuses on delinquency, not invoicing/receipts.

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 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 Security Console’s role is:

To manage user roles and access controls (A):Allows administrators to define, assign, and monitor user roles and permissions, ensuring secure access to ERP functions.

Automate financial reporting (B):Handled by reporting tools, not Security Console.

Track project milestones (C):Part of Project Management, not security.

Comprehensive and Detailed Explanation:

AutoInvoice benefits include:

Automated customer invoice generation (A):Creates invoices automatically from source data.

Reduced manual data entry (B):Minimizes manual effort in invoicing.

Improved supplier relationships (C):Related to Dynamic Discounting, not AutoInvoice.

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:

The Lease Accounting module’s purpose is:

To track and report lease-related financial data (B):Ensures compliance with lease standards (e.g., IFRS 16, ASC 842) by tracking and reporting lease liabilities and assets.

Manage supplier contracts (A):Handled by Procurement.

Automate customer collections (C):Part of Collections.

Comprehensive and Detailed Explanation:

The Dunning Plans feature’s purpose is:

To send personalized reminders to customers for overdue payments (B):Automates collection notices based on payment behavior.

Automate supplier payments (A):Handled by Payables.

Track employee expenses (C):Managed by Expenses.

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.