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NEW QUESTION # 10
Ganesh is trying to import a journal from an external system and he has encountered an error. Which are three reasons for the error? (Choose three.)
- A. Accounting Date is in an Open Period.
- B. Journal Source for the external system has not been defined.
- C. Accounting Period is Closed.
- D. Accounting Date is in a Closed Period.
- E. Accounting Date is in a Future Period.
Answer: C,D,E
Explanation:
These are three possible reasons for the error when importing a journal from an external system. If the accounting period or the accounting date is closed, you cannot import journals for that period or date. If the accounting date is in a future period, you cannot import journals until the period is opened4. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 11
Which step is not part of the dispute management process?
- A. Receiving dispute cases
- B. Receipt application
- C. Credit memo creation and approval
- D. Initiating refund
Answer: B
Explanation:
The step that is not part of the dispute management process is receipt application, which is a process that involves applying customer payments to invoices or other transactions. Receipt application is not part of the dispute management process, but rather part of the Invoice to Cash process, which involves billing customers and collecting payments for goods or services. Initiating refund, receiving dispute cases, and credit memo creation and approval are steps that are part of the dispute management process, which is a process that involves resolving customer disputes over invoices or other transactions. Initiating refund is a step that involves issuing a refund to the customer for the disputed amount. Receiving dispute cases is a step that involves creating and tracking dispute cases for each customer dispute. Credit memo creation and approval is a step that involves creating and approving credit memos for the disputed transactions. Reference: Oracle Receivables Cloud User Guide, Oracle Receivables Cloud User Guide, Oracle Receivables Cloud User Guide, Oracle Receivables Cloud User Guide
NEW QUESTION # 12
What three activity steps are involved in the Customer Invoice to Receipt process?
- A. Send Bill to Customer
- B. Send Open Balance Letters Capture Billing
- C. Send Credit Control Letters
- D. Manage Customer Receipts
Answer: A,C,D
Explanation:
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. Reference: Oracle Financials Business Process Foundations Associate Rel 2, page 15-16.
NEW QUESTION # 13
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.)
- A. Depreciation Expense Ceiling
- B. Depreciation Period Ceiling
- C. Depreciation Rate Ceiling
- D. Depreciation Cost Ceiling
Answer: A,D
Explanation:
These are two types of depreciation ceiling that you can use to restrict the amount of depreciation that should be charged to your luxury car in a particular period. Depreciation Cost Ceiling is a limit on the total depreciation amount that can be charged over the life of an asset. Depreciation Expense Ceiling is a limit on the depreciation amount that can be charged in a single period for an asset1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 14
You want the ability for employees to have complete autonomy toward their own goals. Given you want employees to be able to perform many actions when it comes to their goals, what are the main actions employees can perform when their Manager assigns them a goal?
- A. Create new career goals
- B. Share goals with colleagues
- C. Communicate the progress of their goal for the Manager to update
- D. Manage and update goals
Answer: D
Explanation:
Employees can manage and update their goals from the My Goals page, where they can edit, delete, or complete their goals, as well as add new goals or subgoals. They can also communicate the progress of their goals to their managers by updating the status, completion percentage, and comments fields. Creating new career goals is not an action that employees can perform when their manager assigns them a goal, but rather a separate process that involves using the Career Development page. Sharing goals with colleagues is not an action that employees can perform from the My Goals page, but rather a feature that requires enabling the Goal Sharing profile option. Reference: [Oracle Goal Management Cloud User Guide], [Oracle Career Development Cloud User Guide], [Oracle Goal Management Cloud Implementation Guide]
NEW QUESTION # 15
Which four statements are true about an effective subledger period close? (Choose four.)
- A. Payable must be closed before Projects.
- B. Payable must be closed before closing Fixed Assets.
- C. Fixed Assets must be closed before Payables.
- D. Projects must be closed before Fixed Assets.
- E. Fixed Assets must be closed before Receivables.
Answer: A,C,D,E
Explanation:
These are four true statements about an effective subledger period close. A subledger period close is a process that ensures that all transactions and adjustments in a subledger application, such as Projects, Payables, Fixed Assets, or Receivables, are accounted and transferred to General Ledger for a given period. To perform an effective subledger period close, you need to follow a recommended sequence of steps and dependencies among different subledger applications1. Some of these steps and dependencies are:
Projects must be closed before Fixed Assets, which means that you need to ensure that all project-related transactions and adjustments are accounted and transferred to General Ledger before creating or adjusting any assets from projects in Fixed Assets.
Payable must be closed before Projects, which means that you need to ensure that all supplier invoice and payment transactions and adjustments are accounted and transferred to General Ledger before creating or adjusting any project expenditures from Payables in Projects.
Fixed Assets must be closed before Payables, which means that you need to ensure that all asset addition, depreciation, adjustment, and retirement transactions and adjustments are accounted and transferred to General Ledger before creating or adjusting any supplier invoices from assets in Payables.
Fixed Assets must be closed before Receivables, which means that you need to ensure that all asset-related transactions and adjustments are accounted and transferred to General Ledger before creating or adjusting any customer invoices from assets in Receivables. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 16
Which two statements are true about Oracle Expenses Cloud integration with travel partners? (Choose two.)
- A. Oracle Expenses Cloud supports integration with other partners through Rest APIs.
- B. Oracle Expenses Cloud supports direct integration only with TripActions.
- C. Oracle Expenses Cloud supports direct integration only with Concur.
- D. Oracle Expenses Cloud supports direct integration only with GetThere.
Answer: A,B
Explanation:
These are two true statements about Oracle Expenses Cloud integration with travel partners. Oracle Expenses Cloud supports direct integration only with TripActions, which is a travel management platform that offers personalized travel options, rewards, and insights. TripActions users can seamlessly sync their travel bookings and receipts with Oracle Expenses Cloud for faster expense reporting3. Oracle Expenses Cloud also supports integration with other partners through Rest APIs, which are web services that allow communication between different systems using standard protocols. Rest APIs enable Oracle Expenses Cloud to exchange data with other travel partners or third-party applications4. Reference: Oracle Financials Business Process Foundations Associate Rel 2, Oracle Expenses Cloud REST API Reference
NEW QUESTION # 17
Once an employee makes their benefit election, rates will be passed to payroll. What rate from benefits enrollment gets sent to payroll?
- A. Communicated Amount
- B. Defined Amount
- C. Amount
- D. No rate gets sent to payroll
Answer: D
Explanation:
Benefits enrollment does not send any rate to payroll, because benefits rates are calculated by the benefits engine and stored in the benefits tables, not in the payroll tables. Payroll uses the benefits element entries to determine the deductions and employer contributions for each employee. The communicated amount, defined amount, and amount are all types of benefits rates that are used for different purposes, but none of them are sent to payroll. Reference: [Oracle Benefits Cloud Implementation Guide], [Oracle Payroll Cloud Implementation Guide]
NEW QUESTION # 18
The employee's career development is crucial to your organization as it's a way to retain your topperforming employees at your company. You would like for the Manager and employee to be in communication on this topic on a quarterly basis and be aware of what open roles within the company their direct reports would be a strong fit for. In order to put actions into conversations when it comes to the development of an employee, what employee information do Managers have access to?
- A. Roles of interest
- B. Performance evaluation
- C. The employee's career preference statement
- D. Goals
Answer: A
Explanation:
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. Reference: Oracle Career Development Cloud User Guide, Oracle Career Development Cloud User Guide
NEW QUESTION # 19
Which tool do you use to preview the workings of your tax configuration before you per-form tax calculations on live transactions in a subledger application? (Choose the best Answer.)
- A. Tax Tester
- B. Tax Manager
- C. Tax Simulator
- D. Tax Estimator
Answer: C
Explanation:
Tax Simulator is the tool that you use to preview the workings of your tax configuration before you perform tax calculations on live transactions in a subledger application. Tax Simulator allows you to enter transaction details and view the expected tax results based on your tax setup. You can also compare different tax scenarios and review the tax determination factors and rules that are applied2. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 20
An organization is designing their performance proceess flow. They would like to have a simplified process but also want to capture HR, employee, and manager feedback in the evaluation. As a standard practice, it was decided that once an employee completes their performance self-evaluation, it will then go to the next role. Which role is that?
- A. Remains in their talent profile
- B. Their manager
- C. Their HR Business Partner
- D. Their colleague to request peer feedback
Answer: C
Explanation:
The next role that the employee's performance self-evaluation will go to after they complete it is their HR business partner, which is a type of user that has access to the HR Business Partner role in Oracle HCM Cloud. The HR business partner can review and approve the employee's performance self-evaluation from the Manage Performance Evaluations page, where they can also view and edit the performance document, add comments, and attach documents. Their manager, their talent profile, and their colleague are not roles that the employee's performance self-evaluation will go to after they complete it, but rather roles that may be involved in other steps or stages of the performance evaluation process. Their manager can initiate and finalize the performance evaluation for the employee, as well as provide feedback and ratings. Their talent profile can store and display the employee's performance ratings and achievements, as well as their skills, qualifications, competencies, and career preferences. Their colleague can provide peer feedback for the employee if requested by the manager or the employee. Reference: Oracle Global Human Resources Cloud User Guide, [Oracle Performance Management Cloud User Guide], [Oracle Performance Management Cloud User Guide], [Oracle Talent Management Cloud User Guide], [Oracle Performance Management Cloud User Guide]
NEW QUESTION # 21
Ganesh works for Glenn Systems as a General Accountant and he has a requirement to create periodic allocations at the end of the month to distribute welfare expenses. The allocations will be based on headcounts in each department. In which currency should the journal entry be created to load the headcounts? (Choose the best Answer.)
- A. Reporting Currency
- B. Ledger Currency
- C. Foreign Currency
- D. Statistical Currency
Answer: D
Explanation:
Statistical Currency is the currency that you should use to create the journal entry to load the headcounts. Statistical Currency is a special currency that is used to record non-monetary values, such as headcounts, units, or hours. You can use Statistical Currency to create allocation journals based on non-monetary bases or drivers1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 22
Chargeback will
- A. Decrease the Invoice amount left and create another debit Item
- B. The Invoice amount is not touched and create another debit Item
- C. Increase the Invoice amount left and create another debit Item
- D. The Invoice amount is not touched and create another Credit Item
Answer: A
Explanation:
Chargeback will decrease the invoice amount left and create another debit item. Chargeback is a process of applying an unpaid invoice amount to a new invoice. It reduces the balance due on the original invoice and creates a new invoice with a new due date and a new transaction number. Reference: Oracle Financials Business Process Foundations Associate Rel 2, page 13-14.
NEW QUESTION # 23
Which four factors are responsible for calculating taxes on Receivables transactions? (Choose four.)
- A. Processes
- B. Plans
- C. Programs
- D. Products
- E. Places
- F. Parties
Answer: A,B,D,E,F
Explanation:
These are the four factors that are responsible for calculating taxes on Receivables transactions. Products are the goods or services that are sold, and they may have different tax rates or exemptions. Plans are the pricing or discounting schemes that may affect the taxable amount. Processes are the business flows or events that trigger tax calculation, such as invoicing, adjusting, or crediting. Parties are the entities involved in the transaction, such as customers, suppliers, or legal entities, and they may have different tax statuses or registrations. Places are the locations where the transaction occurs or where the products are delivered, and they may have different tax jurisdictions or rules1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 24
Your organization has decided to use the automatic reconciliation feature to reconcile bank statement lines with system transactions. Which three components will be useful for the auto-matic reconciliation of bank statements with system transactions? (Choose three.)
- A. Matching Rules
- B. Parse Rule Set
- C. Transaction Grouping Rules
- D. Tolerance Rules
- E. Transfer Rules
Answer: A,C,D
Explanation:
These are three components that will be useful for the automatic reconciliation of bank statements with system transactions. Automatic reconciliation is a feature that enables you to reconcile bank statement lines with system transactions without manual intervention. You can use various components to define the criteria and conditions for automatic reconciliation1. Some of these components are:
Transaction Grouping Rules: These are rules that determine how system transactions are grouped together for reconciliation purposes. You can group transactions by attributes, such as bank account, currency, transaction type, or payment method.
Tolerance Rules: These are rules that define the acceptable differences between bank statement lines and system transactions for reconciliation purposes. You can define tolerances by amount or percentage, and by bank account or currency.
Matching Rules: These are rules that specify how bank statement lines and system transactions are matched for reconciliation purposes. You can match transactions by attributes, such as transaction number, amount, date, or reference number. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 25
Which three can be captured on an Invoice Header while recording a supplier invoice in the Payables application? (Choose three.)
- A. distribution combination
- B. invoice number
- C. integration details with other applications
- D. supplier details
- E. invoice amount
Answer: B,D,E
Explanation:
These are three attributes that can be captured on an Invoice Header while recording a supplier invoice in the Payables application. An Invoice Header is a section of an invoice that contains general information about the invoice, such as supplier details, invoice amount, invoice number, invoice date, payment terms, or description1. Some examples of these attributes are:
Supplier Details: These are the details of the supplier who issued the invoice, such as supplier name, site, contact person, address, or tax registration number.
Invoice Amount: This is the total amount of the invoice that is payable to the supplier, including taxes and charges.
Invoice Number: This is the unique identifier of the invoice that is assigned by the supplier or by the system. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 26
Which part of Work Life does Mentorship fall under?
- A. Social Reputation
- B. Volunteering -
- C. Wellness
- D. Personal Brand
Answer: D
Explanation:
Mentorship falls under the personal brand part of work life, which is a feature that helps workers build their reputation and visibility within the organization by showcasing their skills, interests, achievements, and goals. Mentorship allows workers to find mentors who can guide them in their career development, as well as offer their own expertise as mentors to others. Wellness, social reputation, and volunteering are other parts of work life, but they are not related to mentorship. Wellness helps workers manage their physical and mental well-being by providing access to wellness resources and programs. Social reputation helps workers increase their social influence by displaying their social network activity and ratings. Volunteering helps workers find and participate in volunteering opportunities that match their interests and skills. Reference: [Oracle Work Life Solutions Cloud User Guide], [Oracle Work Life Solutions Cloud User Guide], [Oracle Work Life Solutions Cloud User Guide], [Oracle Work Life Solutions Cloud User Guide], Oracle Work Life Solutions Cloud User Guide
NEW QUESTION # 27
What terminology is used to label people who were referred for a job requisition or added to a job requisition but who haven't yet completed their job application?
- A. Applicant
- B. Referred
- C. Prospect
- D. Candidate
Answer: C
Explanation:
The terminology used to label people who were referred for a job requisition or added to a job requisition but who haven't yet completed their job application is prospect, which is a type of candidate that has not yet applied for a job but has been identified as a potential fit by a recruiter, a hiring manager, or an employee referral. Prospects can be converted to applicants once they complete their job application and submit their resume. Applicant, referred, and candidate are not terminology used to label people who were referred for a job requisition or added to a job requisition but who haven't yet completed their job application, but rather types of candidates that have different statuses or sources in the recruiting system. Applicant is a type of candidate that has applied for a job and submitted their resume. Referred is a source of candidate that indicates that the candidate was referred by an existing employee. Candidate is a generic term that encompasses both prospects and applicants. Reference: [Oracle Recruiting Cloud User Guide], [Oracle Recruiting Cloud User Guide], [Oracle Recruiting Cloud User Guide], [Oracle Recruiting Cloud User Guide], Oracle Recruiting Cloud User Guide
NEW QUESTION # 28
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