Authentic Oracle Certification Exam 1z0-1107-2 Questions Answers

The three activity steps that are involved in the Customer Invoice to Receipt process are:

• Send Bill to Customer: This step involves creating and sending invoices to customers for the goods or services delivered.
• Manage Customer Receipts: This step involves recording and applying customer payments to outstanding invoices.
• Send Credit Control Letters: This step involves sending reminders or dunning letters to customers who have overdue invoices. Capture Billing is not an activity step in the Customer Invoice to Receipt process. It is an activity step in the Customer Contract to Revenue process, which involves generating revenue and billing events based on contract terms and conditions. Send Open Balance Letters is not an activity step in the Customer Invoice to Receipt process. It is an activity step in the Customer Statement to Collection process, which involves sending statements and collection letters to customers who have outstanding balances. References: Oracle Financials Business Process Foundations Associate Rel 2, page 15-16.

The employee information that managers have access to when it comes to the development of an employee is roles of interest, which are the roles that the employee has expressed interest in pursuing as part of their career aspirations. Managers can view the roles of interest for each of their direct reports from the Career Planning page, where they can also see the fit score and gap analysis for each role based on the employee’s skills and qualifications. Managers can use this information to guide their employees in finding suitable learning opportunities and career paths within the organization. Goals, performance evaluation, and the employee’s career preference statement are not employee information that managers have access to when it comes to the development of an employee, but rather information that managers can use for other purposes such as performance management or goal management. References: Oracle Career Development Cloud User Guide, Oracle Career Development Cloud User Guide

The first critical path of payroll processing is calculate payroll, which is a process that calculates the gross-to-net earnings and deductions for each employee in a payroll run. Calculate payroll is the core process that determines the amount of money that each employee will receive or pay in a payroll period. Archive periodic payroll results is a process that transfers the payroll results from the current table to the archive table for historical reporting purposes. It is not a critical path of payroll processing, but rather an optional process that can be performed after the payroll run is completed. Electronic funds transfer (EFT) process is a process that generates payment files for employees who are paid by direct deposit or wire transfer. It is not a critical path of payroll processing, but rather a post-payroll process that can be performed after the payroll run is confirmed. Calculate prepayments is a process that estimates the net pay for each employee before the actual payroll run is performed. It is not a critical path of payroll processing, but rather a preliminary process that can be performed before the payroll run is initiated. References: [Oracle Global Payroll Cloud User Guide], [Oracle Global Payroll Cloud User Guide], [Oracle Global Payroll Cloud User Guide], [Oracle Global Payroll Cloud User Guide]