Oracle 1z0-1160-1 Dumps

Comprehensive and Detailed Explanation:

Key benefits are:

Seamless interface for transactions (B):Integrates project data from various sources for accurate cost capture.

Manages indirect costs easily (C):Simplifies burden and allocation for total cost visibility.

Single view for team members (A):Unrelated to cost assessment.

Comprehensive and Detailed Explanation:

Key considerations are:

Payment behavior and credit risk (D):Focuses on payment history and creditworthiness, critical for scoring.

Customer location and size (A):Secondary factors, not primary.

Number of invoices (B):Impacts volume, not scoring directly.

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 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.

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:

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:

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:

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:

Key automation capabilities in collections are:

Dunning Plans (A):Automate personalized reminders based on payment behavior, enhancing efficiency.

Promise to Pay (B):Records commitments and sends automated notifications, streamlining follow-ups.

Real-Time Analytics (C):Provides insights but is not an automation feature.

Comprehensive and Detailed Explanation:

Project Management features include:

Resource allocation and utilization tracking (A):Manages resource assignment and usage.

Project cost accounting and budgeting (C):Tracks and budgets project costs.

Supplier invoice validation (B):Part of Payables.

Comprehensive and Detailed Explanation:

A key benefit is:

Provides a structured framework to manage construction in progress costs, enabling efficient cost management and precise financial reporting (C):Tracks costs during asset construction for accurate capitalization and reporting.

Demand forecasting (A):Unrelated to this process.

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:

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:

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:

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.