Free Oracle 1Z0-1160-1 Practice Test & Real Exam Questions

Exam Code/Number: 1Z0-1160-1
Exam Name/Title: Oracle Fusion Cloud Applications ERP Foundations Associate - Rel 1
Certification Provider: Oracle
Corresponding Certification: Oracle Certified Associate

Exam Questions: 55
Updated On: Sep 12, 2026

Question #1

Which three features are included in a Starter Configuration?

A. Sample master data and transaction data

B. Configuration of Oracle Cloud Applications

C. Customization of standard features

D. Customer production data

E. Artificial Intelligence capabilities

Discussion 0

Correct Answer: A,B,E Vote an answer

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Question #2

What is a key benefit of implementing the Capital Project to Asset process in an organization's financial management system?

A. Supports demand forecasting and capacity planning, helping organizations anticipate future resource needs

B. Ensures accurate and consistent depreciation expenses, ensuring project reports are reliable and compliant with accounting standards

C. Provides a structured framework to manage construction in progress costs, enabling efficient cost management and precise financial reporting

Discussion 0

Correct Answer: C Vote an answer

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Question #3

What is the primary role of Dynamic Discounting in the Supplier Invoice to Payment process, and how does it benefit both buyers and suppliers?

A. Facilitates electronic invoicing, improving data accuracy

B. Provides real-time payment tracking, ensuring timely settlements

C. Offers early payment incentives, optimizing cash flow and strengthening supplier relationships

Discussion 0

Correct Answer: C Vote an answer

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Question #4

How does Smart View add value to the Period Close to Financial Reports business process in Oracle Cloud?

A. It automates the generation of statutory financial reports, eliminating the need for manual data adjustments during the period close process

B. It ensures faster processing of journal entries during the period close cycle

C. It enables interactive, multi-dimensional analysis of financial data within a familiar Excel environment

D. It consolidates data exclusively from Oracle Transactional Business Intelligence (OTBI)

Discussion 0

Correct Answer: C Vote an answer

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Question #5

What is the purpose of the Oracle Fusion Cloud ERP Period Close process?

A. To track employee expenses

B. To manage customer collections

C. To automate supplier payments

D. To ensure accurate financial reporting at the end of accounting periods

Discussion 0

Correct Answer: D Vote an answer

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Question #6

Which two capabilities are provided by Oracle Fusion Cloud ERP's Fixed Assets module?

A. Depreciation calculation and reporting

B. Supplier invoice validation

C. Asset acquisition and retirement tracking

D. Employee expense management

Discussion 0

Correct Answer: A,C Vote an answer

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