Get Oracle 1Z0-1160-1 Exam Practice Questions - Real and Updated

Answer : B

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.

Answer : A, C, E

Comprehensive and Detailed

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.

* It is a source of online product documentation (D): Documentation exists elsewhere (e.g., Oracle Help Center), not as a primary capability here.

These features ensure effective adoption and management, as per the ERP Foundations training.

Answer : A, C

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 : B

Comprehensive and Detailed

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.

* Financial Closing Automation (D): Automates closing, not approval.

This ensures compliance, as per the training.

Answer : B

Comprehensive and Detailed

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.

* Automate project cost accounting (D): Part of Project Costing.

This optimizes procurement, as per the training.