1Z0-1160-1 Official Practice Test | 1Z0-1160-1 Latest Exam Cram

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Oracle 1Z0-1160-1 Exam Syllabus Topics:

Topic	Details
Topic 1	Cloud Success Navigator and Oracle Cloud Quality Standards: Focusing on Cloud Optimization Specialists, this domain explains accelerated deployment through prebuilt OMBP templates and starter configurations. It emphasizes quality benchmarks for system scalability, security posture validation, and alignment with industry-specific operational standards.
Topic 2	OMBPs for Risk Management: This section validates the skills of Enterprise Risk Analysts in configuring risk identification frameworks, control testing protocols, and mitigation workflows. It covers design considerations for threat modeling and KPIs such as incident response times and compliance violation reduction rates.
Topic 3	OMBPs for Projects: Designed for Project Delivery Managers, this section details workflows for project planning, resource allocation, and milestone tracking. It assesses expertise in integrating risk assessments, budget controls, and performance metrics like schedule adherence percentages and ROI calculations.
Topic 4	OMBPs for Financials: Targeting Financial Process Designers, this domain outlines end-to-end financial workflows such as revenue cycle management, payment reconciliation, and regulatory reporting. It evaluates knowledge of cash flow optimization techniques, compliance frameworks, and KPIs like working capital efficiency and audit success rates.
Topic 5	Oracle Cloud Applications and Oracle Modern Best Practice (OMBP): This section measures skills of ERP Implementation Architects and covers Oracle's SaaS solutions for ERP, supply chain, and human capital management, including AI-driven analytics and integrated data flows across modules. It addresses ERP suite capabilities like financial automation, IoT-enabled inventory tracking, and cross-functional process alignment using OCI's infrastructure.

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Oracle Fusion Cloud Applications ERP Foundations Associate - Rel 1 Sample Questions (Q26-Q31):

NEW QUESTION # 26
Which two features are part of Oracle Fusion Cloud ERP's Tax Reporting module?

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

Answer: B,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 # 27
What is the primary advantage of utilizing the Project Progress metrics in the Plan to Delivery process?

A. It facilitates the monitoring of critical projects, offering insights into budget compliance
B. It helps review the percentage of work completed on projects and task exceptions
C. It helps track the milestones that are past due, at risk, or due soon
D. It aids in comparing the timeline between project tasks

Answer: B

Explanation:
Comprehensive and Detailed
The primary advantage of Project Progress metrics is:
* It helps review the percentage of work completed on projects and task exceptions (C): Provides visibility into completion rates and issues, enabling effective progress tracking.
* Monitoring budget compliance (A): Secondary to progress tracking.
* Tracking milestones (B): Focuses on timelines, not completion percentage.
* Comparing timelines (D): Relates to scheduling, not the primary focus.
This supports project delivery, as per the training.

NEW QUESTION # 28
What is the primary purpose of Oracle Fusion Cloud ERP's Lease Accounting module?

A. To manage supplier contracts
B. To automate customer collections
C. To reconcile bank statements
D. To track and report lease-related financial data

Answer: D

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.

NEW QUESTION # 29
Which two are key capabilities of Oracle Fusion Cloud ERP's Project Billing module?

A. Revenue recognition and billing
B. Employee expense tracking
C. Supplier invoice validation
D. Customer invoice generation

Answer: A,D

Explanation:
Comprehensive and Detailed
Project Billing capabilities include:
* Customer invoice generation (A): Creates invoices based on project work.
* Revenue recognition and billing (B): Manages revenue and billing schedules.
* Supplier invoice validation (C): Part of Payables.
* Employee expense tracking (D): Handled by Expenses.
These support project revenue, as per the training.

NEW QUESTION # 30
Which two capabilities of Oracle Fusion Cloud Applications are key to automating the collections process and improving overall efficiency?

A. Dunning Plans send personalized reminders and notices based on customer payment behavior
B. Collection Strategies allow the creation of customized collection plans tailored to different customer segments
C. Promise to Pay records customer promises to pay and automatically notifies the customer
D. Real-Time Analytics provide instant insights into customer payment trends, aiding in decision-making

Answer: A,C

Explanation:
Comprehensive and Detailed
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.
* Collection Strategies (D): Customizes plans but is less about automation than execution.
These improve collections efficiency, as per the training.

NEW QUESTION # 31
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