Important Oracle 1Z0-1160-1 Exam Questions

Answer: C, D

Explanation:

Comprehensive and Detailed

AI features for touchless invoice capture are:

* Intelligent Account Code Combination Defaulting (C): Automatically assigns account codes, reducing manual input.

* Intelligent Document Recognition (IDR) (D): Scans and extracts invoice data (e.g., amounts, dates), enabling automation.

* Intelligent Dynamic Early Payment Discounts (A): Relates to payments, not capture.

* Oracle Expense Digital Assistant (B): Specific to expenses, not supplier invoices.

These enable touchless processing, as per the training.

Answer: B

Explanation:

Comprehensive and Detailed

The Lease Accounting module's purpose is:

* To track and report lease-related financial data (B): Ensures compliance with lease standards (e.g., IFRS 16, ASC 842) by tracking and reporting lease liabilities and assets.

* Manage supplier contracts (A): Handled by Procurement.

* Automate customer collections (C): Part of Collections.

* Reconcile bank statements (D): Managed by Cash Management.

This ensures compliance, as per the training.

Answer: A, C

Explanation:

Comprehensive and Detailed

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.

* Customer collections management (D): Handled by Receivables/Collections.

These support project execution, as per the training.

Answer: A, B, D

Explanation:

Comprehensive and Detailed

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.

* Customization of standard features (E): While customization is possible post-implementation, it is not a default feature of the Starter Configuration, which prioritizes standard configurations.

These elements support a rapid, solution-led deployment, as detailed in the Oracle ERP Foundations training.

Answer: B

Explanation:

Comprehensive and Detailed

The Expenses module's purpose is:

* To track and reimburse employee expenses (B): Manages expense submissions, approvals, and reimbursements.

* Manage supplier contracts (A): Part of Procurement.

* Automate customer collections (C): Handled by Advanced Collections.

* Reconcile bank statements (D): Managed by Cash Management.

This streamlines expense processes, as per the training.