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

Comprehensive and Detailed Explanation:

Project Costing features include:

Budget tracking and control (A):Monitors project budgets for cost oversight.

Cost allocation and burdening (D):Distributes and aggregates costs, including indirect costs.

Supplier invoice validation (B):Part of Payables.

Comprehensive and Detailed Explanation:

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.

Comprehensive and Detailed Explanation:

The primary function is:

To reconcile bank statements with system transactions (B):Matches bank data with Payables and Receivables transactions for accurate cash tracking.

Manage supplier payments (A):Handled by Payables.

Track employee reimbursements (C):Part of Expenses.

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 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:

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:

The Advanced Collections module’s purpose is:

To automate customer collections and improve cash flow (B):Automates dunning and payment follow-ups to enhance cash recovery.

Manage supplier payments (A):Handled by Payables.

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:

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.