Free 1Z0-1107-2 Exam Dumps Preview

Default Transaction Calendar is the calendar that you would assign to achieve the requirement of using specific business days for which the transactions should be considered in the cash positioning report. The Specify Cash Positioning and Forecast Options page is a page where you can define the options and preferences for generating and viewing the cash positioning report. You can assign a default transaction calendar to specify the business days that are used to filter and group transactions in the report. The default transaction calendar can be different from the accounting calendar or the source calendar 1.
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Oracle Financials Business Process Certified Foundations Associate Rel 1

These are two true statements about creating case folders within the Customer Statement to Collections business process. A case folder is a collection of billing transactions that are related to a specific issue or dispute with a customer. You can create case folders to track and resolve issues that prevent customers from paying their invoices on time. You can also assign case owners, statuses, and priorities to each case folder 1.
Some facts about creating case folders are: Billing transactions can belong to multiple case folders, which means that a single invoice can be part of more than one issue or dispute. Billing transactions can be of multiple currencies, which means that you can include invoices with different currencies in the same case folder. Billing transactions must belong to the same bill-to customer, which means that you cannot mix invoices from different customers in the same case folder. Billing transactions must be of the same currency conversion type, which means that you cannot mix invoices with different conversion methods, such as corporate or spot rate, in the same case folder.
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Oracle Financials Business Process Certified Foundations Associate Rel 1

Customer Statement to Collection is the subprocess in the Invoice to Cash life cycle flow that helps you to manage and resolve disputes for delinquent invoices. It involves sending statements to customers, identifying overdue invoices, contacting customers, applying late charges, creating dispute cases, and applying adjustments or write-offs 2.
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Oracle Financials Business Process Certified Foundations Associate Rel 1

This is the recommended order of steps that needs to be followed to complete your configuration of the Balance Forward Billing feature. Balance Forward Billing is a feature that enables you to consolidate multiple invoices into a single bill and send it to your customers at regular intervals, such as monthly or quarterly. To configure Balance Forward Billing, you need to perform the following steps1: Define BFB Billing Cycle: This step involves creating a billing cycle name, description, and frequency for generating balance forward bills. Define BFB Payment Terms: This step involves creating payment terms that specify the due date and discount date for balance forward bills. Enable BFB in the Customer Profile: This step involves enabling the Balance Forward Billing option in the customer profile class or customer account level. Attach BFB Payment Terms to Customer: This step involves assigning the balance forward payment terms to the customer account or site level.
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Oracle Financials Business Process Certified Foundations Associate Rel 1

Expense Report Audit Selection Rules are the configuration that will help you achieve the deployment of automatic controls to spot unusual or inappropriate expenses based on audit percentage, policy violations, specific keywords, and individuals with specific status. Expense Report Audit Selection Rules are rules that determine which expense reports are selected for audit based on various criteria, such as audit percentage, policy violations, specific keywords, and individuals with specific status. You can define different audit selection rules for different expense templates and types 1.
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Oracle Financials Business Process Certified Foundations Associate Rel 1

These are three possible reasons for the error when importing a journal from an external system. If the accounting period or the accounting date is closed, you cannot import journals for that period or date. If the accounting date is in a future period, you cannot import journals until the period is opened 4.
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Oracle Financials Business Process Certified Foundations Associate Rel 1

Financial Analyst is the job role that will help Steven Johns to perform his job in the organization. Financial Analyst is responsible for analyzing the financial performance and providing feedback for better decision making. Financial Analyst can use various reporting tools, such as Financial Reporting Web Studio, Smart View, Account Inspector, and Account Monitor, to create and view financial reports, dashboards, charts, and graphs. Financial Analyst can also perform variance analysis, trend analysis, what-if analysis, and drill down to transaction details 2.
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Oracle Financials Business Process Certified Foundations Associate Rel 1

These are three attributes that can be used to evaluate the scoring in the collections business process.
Scoring is a process that assigns a numeric value to customers based on their payment behavior and credit risk. Scoring helps collections agents to prioritize their actions and focus on the most critical customers. Scoring can be based on various attributes, such as delinquency amount, number of delinquencies, due invoices, days sales outstanding, credit limit utilization, or payment performance 1.
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Oracle Financials Business Process Certified Foundations Associate Rel 1