Oracle Exam 1z0-1107-2 Topic 1 Question 19 Discussion

Actual exam question for Oracle's 1z0-1107-2 exam

Question #: 19
Topic #: 1

Glenn Systems owns a luxury car and they want to restrict the amount of depreciation that should be charged to this asset in a particular period. Which two types of depreciation ceiling can they use to achieve this? (Choose two.)

ADepreciation Rate Ceiling

BDepreciation Cost Ceiling

CDepreciation Expense Ceiling

DDepreciation Period Ceiling

Show Suggested Answer

Suggested Answer: C, D

These are two true statements about creating case folders within the Customer Statement to Collections business process. A case folder is a collection of billing transactions that are related to a specific issue or dispute with a customer. You can create case folders to track and resolve issues that prevent customers from paying their invoices on time.You can also assign case owners, statuses, and priorities to each case folder1. Some facts about creating case folders are:

Billing transactions can belong to multiple case folders, which means that a single invoice can be part of more than one issue or dispute.

Billing transactions can be of multiple currencies, which means that you can include invoices with different currencies in the same case folder.

Billing transactions must belong to the same bill-to customer, which means that you cannot mix invoices from different customers in the same case folder.

Billing transactions must be of the same currency conversion type, which means that you cannot mix invoices with different conversion methods, such as corporate or spot rate, in the same case folder.Reference:Oracle Financials Business Process Certified Foundations Associate Rel 1

by Ashlyn at May 09, 2024, 11:57 PM

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Yoko

3 hours ago

I'm torn between B) and C). Depreciation Expense Ceiling sounds like it could be a good way to keep the numbers looking good, but I don't want to risk any accounting shenanigans, you know?

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Ivan

12 days ago

I'm not sure about Depreciation Expense Ceiling and Depreciation Period Ceiling. They don't seem to directly restrict the amount of depreciation charged to the luxury car.

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Brianne

14 days ago

I agree with Elden. Depreciation Rate Ceiling limits the rate of depreciation, while Depreciation Cost Ceiling limits the total amount of depreciation charged.

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Elden

16 days ago

I think they can use Depreciation Rate Ceiling and Depreciation Cost Ceiling.

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Thomasena

16 days ago

Hmm, B) Depreciation Cost Ceiling and D) Depreciation Period Ceiling seem like the obvious choices here. Gotta keep that luxury car looking fresh, you know?

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Curt

17 days ago

I'm not sure about Depreciation Expense Ceiling and Depreciation Period Ceiling. They don't seem to directly restrict the amount of depreciation charged to the luxury car.

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Keshia

18 days ago

I agree with Corrie. Depreciation Rate Ceiling limits the rate of depreciation, while Depreciation Cost Ceiling limits the total amount of depreciation charged.

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Corrie

21 days ago

I think they can use Depreciation Rate Ceiling and Depreciation Cost Ceiling.

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