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Oracle Fusion Cloud Applications ERP Foundations Associate - Rel 1 Sample Questions (Q54-Q59):

NEW QUESTION # 54
Which functionality in Oracle Fusion Cloud Payables ensures that supplier invoices are properly validated before payment processing?

A. Automated Tax Calculation
B. Payment Holds
C. Invoice Archiving
D. Invoice Matching and Validation

Answer: D

Explanation:
Comprehensive and Detailed
The functionality is:
* Invoice Matching and Validation (A): Ensures invoices match POs/receipts and are validated before payment.
* Payment Holds (B): Prevents payment but is a result, not validation.
* Invoice Archiving (C): Stores invoices, not validates them.
* Automated Tax Calculation (D): Calculates taxes, not overall validation.
This ensures accuracy, as per the training.

NEW QUESTION # 55
Which two features are part of Oracle Fusion Cloud ERP's Tax Reporting module?

A. Automated tax calculations
B. Supplier invoice validation
C. Employee expense tracking
D. Compliance with global tax regulations

Answer: A,D

Explanation:
Comprehensive and Detailed
Tax Reporting features include:
* Automated tax calculations (A): Computes taxes based on transactions and rules.
* Compliance with global tax regulations (D): Ensures adherence to international tax standards.
* Supplier invoice validation (B): Part of Payables.
* Employee expense tracking (C): Handled by Expenses.
These support tax compliance, as per the training.

NEW QUESTION # 56
How does Intelligent Document Recognition (IDR) help automate the Supplier Invoice to Payment (SP) process?

A. IDR helps optimize cash flow by automatically categorizing invoices into high-priority or low-priority payments
B. IDR integrates supplier invoices directly into the accounting system without the need for further validation or processing
C. IDR scans and extracts relevant invoice data, such as amounts, supplier names, and invoice dates, reducing the need for manual data entry

Answer: C

Explanation:
Comprehensive and Detailed
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.
* Optimizing cash flow (C): Not IDR's role; relates to payment strategies.
This reduces manual effort, as per the training.

NEW QUESTION # 57
What is the role of Oracle Fusion Cloud ERP's Intelligent Document Recognition (IDR) feature?

A. To automate supplier invoice data extraction
B. To track employee expenses
C. To manage customer collections
D. To reconcile bank statements

Answer: A

Explanation:
Comprehensive and Detailed
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.
* Reconcile bank statements (D): Managed by Cash Management.
This reduces manual effort, as per the training.

NEW QUESTION # 58
What is the purpose of Oracle Fusion Cloud Receivables' AutoReceipt feature?

A. It automatically applies payments to open invoices, reducing manual intervention
B. It reconciles bank statements with accounts receivable balances
C. It generates electronic invoices for customers based on their billing cycles
D. It calculates sales tax based on customer locations

Answer: A

Explanation:
Comprehensive and Detailed
The purpose is:
* It automatically applies payments to open invoices, reducing manual intervention (A): Automates receipt application for efficiency.
* Generates electronic invoices (B): Relates to invoicing, not receipts.
* Reconciles bank statements (C): Handled by Cash Management.
* Calculates sales tax (D): Unrelated to receipts.
This improves efficiency, as per the training.

NEW QUESTION # 59
......

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Pass Guaranteed Oracle 1Z0-1160-1 - Oracle Fusion Cloud Applications ERP Foundations Associate - Rel 1 Fantastic Vce Torrent

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Oracle Fusion Cloud Applications ERP Foundations Associate - Rel 1 Sample Questions (Q54-Q59):

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