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

Comprehensive and Detailed Explanation:

IDR automates the process by:

Scanning and extracting relevant invoice data, reducing manual data entry (A):Extracts key fields (e.g., amounts, dates) for automated processing.

Direct integration without validation (B):Incorrect, as validation is still required.

Comprehensive and Detailed Explanation:

The Compliant/Non-compliant Test Users metric determines:

Users who have access to key financial transactions, which helps detect high-risk transaction processes (A):Identifies users with sensitive access, aiding risk and compliance management.

Training programs (B):Unrelated to this metric.

User behavior (C):Focuses on usage, not access risks.

Comprehensive and Detailed Explanation:

The process is:

Journal Approval Workflow (B):Routes journals for approval to ensure policy compliance before posting.

Account Payables Validation (A):Relates to invoices, not journals.

Ledger Reconciliation (C):Reconciles accounts, not journal compliance.

Comprehensive and Detailed Explanation:

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.

Comprehensive and Detailed Explanation:

The module integrating with Fixed Assets for asset purchases is:

Oracle Fusion Cloud Payables (A):Handles supplier invoices for asset acquisitions, transferring data to Fixed Assets to record costs and initiate the asset lifecycle.

Receivables (B):Manages customer payments, unrelated to asset purchases.

Expenses (C):Focuses on employee reimbursements, not asset acquisition.

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:

Smart View adds value by:

Enabling interactive, multi-dimensional analysis of financial data within a familiar Excel environment (A):Allows users to analyze data dynamically in Excel, enhancing reporting flexibility.

Faster journal processing (B):Not Smart View’s role.

Automating statutory reports (C):Involves other tools, not Smart View.

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:

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:

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.