Master Oracle 1Z0-1160-1 Exam with Reliable Practice Questions
Upgrade to PremiumWhich financial module integrates with the Fixed Assets module for recording asset purchases in the Asset Acquisition to Retirement process?
Correct : A
Comprehensive and Detailed
The module integrating with Fixed Assets for asset purchases is:
* Oracle Fusion Cloud Payables (A): Handles supplier invoices for asset acquisitions, transferring data to Fixed Assets to record costs and initiate the asset lifecycle.
* Receivables (B): Manages customer payments, unrelated to asset purchases.
* Expenses (C): Focuses on employee reimbursements, not asset acquisition.
* Cash Management (D): Reconciles bank transactions, not asset purchases.
This ensures proper asset accounting, as per the training.
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Which two benefits does the Resource Management dashboard provide to efficiently manage the Resource Analysis to Utilization process?
Correct : A, C
Comprehensive and Detailed
The Resource Management dashboard provides:
* Unassigned Resources (A): Analyzes unassigned hours versus available hours, optimizing resource allocation.
* Projected Utilization (C): Compares projected utilization to targets, aiding in planning and efficiency.
* Project Milestones (B): Focuses on timelines, not resource utilization.
* Project Health (D): Relates to budget and cost, not utilization directly.
These benefits enhance resource management, as per the training.
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What is the primary advantage of utilizing the Project Progress metrics in the Plan to Delivery process?
Correct : C
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.
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What does the Compliant/Non-compliant Test Users metric in the Secure Role Design to User Access OMBP help determine?
Correct : A
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The Compliant/Non-compliant Test Users metric determines:
* Users who have access to key financial transactions, which helps detect high-risk transaction processes (A): Identifies users with sensitive access, aiding risk and compliance management.
* Training programs (B): Unrelated to this metric.
* User behavior (C): Focuses on usage, not access risks.
* Security clearance (D): Not the metric's purpose.
This enhances security, as per the training.
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What is a key benefit of implementing the Capital Project to Asset process in an organization's financial management system?
Correct : C
Comprehensive and Detailed
A key benefit is:
* Provides a structured framework to manage construction in progress costs, enabling efficient cost management and precise financial reporting (C): Tracks costs during asset construction for accurate capitalization and reporting.
* Demand forecasting (A): Unrelated to this process.
* Depreciation expenses (B): A downstream benefit, not the primary focus.
This improves financial accuracy, as per the training.
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