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Oracle 1z1-415

1z1-415

Exam Code: 1z1-415

Exam Name: Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials

Updated: Jul 28, 2026

Q&A Number: 85 Q&As

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Oracle 1z1-415 Exam Syllabus Topics:

SectionObjectives
Topic 1: Bills and Collections- Bills Processing
  • 1. Forfaiting and collection processing
  • 2. Reimbursement lodging and honoring
  • 3. Import and export bills under Letter of Credit
Topic 2: Basic Instructions and Retail Telling- Retail Teller Operations
  • 1. Cash, cheque, and demand draft transactions
  • 2. Retail Teller product setup and configuration
  • 3. Standing instructions and product definition
  • 4. Till balancing and workflow maintenance
  • 5. Foreign exchange transactions
Topic 3: Fixed Assets, Expenses, and Lending- Lending and Asset Management
  • 1. Payment and collection processing
  • 2. Consumer lending lifecycle management
  • 3. Lending product definition and configuration
  • 4. Loan contract processing
  • 5. Fixed asset maintenance
Topic 4: Letters of Credit and Nostro Reconciliation- Trade Finance Operations
  • 1. Matching rules and reconciliation classes
  • 2. Import and export Letter of Credit processing
  • 3. Letter of Credit product setup
  • 4. Reimbursement and Letter of Credit resolution
Topic 5: Money Market, Foreign Exchange, and Funds Transfer- Treasury and Transfer Operations
  • 1. Foreign exchange deal processing
  • 2. Funds transfer types and settlement processing
  • 3. Lifecycle processing and revaluation
  • 4. Money market product maintenance

Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials Sample Questions:

1. Which two statements are true about a Reconciliation Class? (Choose two.)

A) a rule sequence number is entered manually for the rules that are attached to a Reconciliation Class.
B) Several rules constitute a Reconciliation Class.
C) a Reconciliation Class type can be Mirror or Replication.
D) a Reconciliation Class type is both Mirror and Replication.


2. What happens to a customer account when a transaction is of type "foreign exchange purchase against account?" (Choose the best answer.)

A) The account is credited.
B) The account is debited.
C) it depends on whether the customer account is Savings or Current.
D) it depends on the currency being purchased.


3. In Landing Module, what are Settlement Bridge General Ledgers used to handle? (Choose the best answer.)

A) multiple disbursement schedules
B) adjustment entries
C) suspense entries
D) multiple modes of settlement


4. What does a teller use Transfer Cash From Vault for? (Choose the best answer.)

A) to buy cash and travelers' cheques
B) to buy only cash
C) to sell only cash
D) to sell cash and travelers' cheques


5. What happens if a contract is marked for auto liquidation and the liquidation day turns out to be a holiday? (Choose the best answer.)

A) The system liquidates based on the product-level parameters.
B) The liquidation does not take place.
C) The system liquidates based on the contract-level parameters.
D) The user liquidates the deal manually by invoking the payment screen.


Solutions:

Question # 1
Answer: B,C
Question # 2
Answer: A
Question # 3
Answer: D
Question # 4
Answer: B
Question # 5
Answer: C

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