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NEW QUESTION # 10
An employee has created a learning community about graphic designing. She has kept the community open to members. She branded the community and uploaded a video to show how a particular design was created. Members of that learning community have the option to view and comment on the designs that are uploaded. What is another action that members can do to the learning communities they are a part of?
- A. Make the community private
- B. Delete the community page
- C. Invite members from another community to share feedback
- D. Upload videos
Answer: D
Explanation:
Members of a learning community can upload videos to share their knowledge and skills with other members. Uploading videos is one of the ways that members can contribute to the learning community and enhance their learning experience. Deleting the community page, making the community private, and inviting members from another community are not actions that members can do to the learning communities they are a part of, but rather actions that only the community owner or administrator can do. Reference: [Oracle Learning Cloud User Guide], [Oracle Learning Cloud User Guide]
NEW QUESTION # 11
Your manager is about to schedule the create accounting job to generate accounting entries on a periodic basis. Process Category is one of the parameters that could be optionally selected while submitting this job and your manager wants to know its relevance. What will be your response? (Choose the best Answer.)
- A. Process Category helps you to restrict the ledger for which the accounting entries can be generated.
- B. Process Category helps you to restrict the subledger application for which the account-ing entries can be generated
- C. Process Category helps you to restrict the events selected for accounting and it is useful for segmenting events based on processing volumes.
- D. Process Category helps you to restrict the accounting mode as Draft or Final based on which the accounting entries should be generated.
Answer: C
Explanation:
Process Category is an optional parameter that can be selected while submitting the create accounting job to generate accounting entries on a periodic basis. It helps you to restrict the events selected for accounting and it is useful for segmenting events based on processing volumes. For example, you can create different process categories for high-volume and low-volume transactions, or for different subledger applications2. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 12
Which is the first critical path of payroll processing?
- A. Calculate Prepayments
- B. Electronic Funds Transfer (EFT) Process
- C. Calculate Payroll
- D. Archive Periodic Payroll Results
Answer: C
Explanation:
The first critical path of payroll processing is calculate payroll, which is a process that calculates the gross-to-net earnings and deductions for each employee in a payroll run. Calculate payroll is the core process that determines the amount of money that each employee will receive or pay in a payroll period. Archive periodic payroll results is a process that transfers the payroll results from the current table to the archive table for historical reporting purposes. It is not a critical path of payroll processing, but rather an optional process that can be performed after the payroll run is completed. Electronic funds transfer (EFT) process is a process that generates payment files for employees who are paid by direct deposit or wire transfer. It is not a critical path of payroll processing, but rather a post-payroll process that can be performed after the payroll run is confirmed. Calculate prepayments is a process that estimates the net pay for each employee before the actual payroll run is performed. It is not a critical path of payroll processing, but rather a preliminary process that can be performed before the payroll run is initiated. Reference: [Oracle Global Payroll Cloud User Guide], [Oracle Global Payroll Cloud User Guide], [Oracle Global Payroll Cloud User Guide], [Oracle Global Payroll Cloud User Guide]
NEW QUESTION # 13
Which four statements are true about creating assets from Payable Invoice lines by using the Create Mass Additions process? (Choose four.)
- A. Invoice Lines must be charged to an Asset Account.
- B. The "Track as Asset" check box must be selected for the invoice distribution lines.
- C. Payable Invoice must be validated and accounted.
- D. Payable Invoice must be transferred to General Ledger.
- E. Invoice Lines must be charged to a Revenue Account.
Answer: A,B,C,D
Explanation:
These are four true statements about creating assets from Payable Invoice lines by using the Create Mass Additions process. The Create Mass Additions process is a process that enables you to create assets from invoice lines in Oracle Payables and import them into Oracle Assets. To use this process, the following conditions must be met1:
The Payable Invoice must be validated and accounted, which means that the invoice has passed the validation rules and has been assigned accounting entries.
The Invoice Lines must be charged to an Asset Account, which is an account that is mapped to an asset category in Oracle Assets.
The "Track as Asset" check box must be selected for the invoice distribution lines, which indicates that the invoice lines are eligible for asset creation.
The Payable Invoice must be transferred to General Ledger, which means that the accounting entries for the invoice have been posted to the ledger and are available for reporting. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 14
Your organization is exploring solutions that enable their employees to submit expenses by using opt such as SMS or Microsoft Teams. Which technology will help your organization achieve this
- A. IOT
- B. Adaptive Intelligence
- C. Blockchain
- D. Digital Assistant
Answer: D
Explanation:
The technology that will help your organization achieve the goal of enabling their employees to submit expenses by using options such as SMS or Microsoft Teams is digital assistant, which is a platform that allows users to interact with various applications and services through natural language conversations. Digital assistant can be integrated with different channels such as SMS, Microsoft Teams, Slack, Facebook Messenger, etc., and can provide users with a conversational interface to perform tasks such as creating and submitting expense reports, attaching receipts, reviewing and approving expenses, etc. Adaptive intelligence, IOT, and blockchain are not technologies that will help your organization achieve the goal of enabling their employees to submit expenses by using options such as SMS or Microsoft Teams, but rather technologies that have different purposes and functionalities. Adaptive intelligence is a technology that uses machine learning and artificial intelligence to provide insights and recommendations based on data analysis. IOT is a technology that connects physical devices and sensors to the internet and enables data collection and exchange. Blockchain is a technology that creates a distributed ledger of transactions that is secure and immutable. Reference: Oracle Digital Assistant User Guide, Oracle Expenses Cloud User Guide
NEW QUESTION # 15
Your company will be using compensation history to display compensation for employees and managers. What are the 4 groups of compensation history that will be displayed? (Choose four.)
- A. Salary
- B. Payroll
- C. Benefits
- D. Other Compensation
- E. Stock
- F. Recurring Payments
Answer: A,B,C,F
Explanation:
The compensation history page displays the compensation for employees and managers in four groups: recurring payments, benefits, salary, and payroll1. Recurring payments include any regular earnings or deductions that are not part of the base salary, such as allowances, bonuses, commissions, or taxes2. Benefits include any employer-provided or employee-elected benefits that have a monetary value, such as health insurance, retirement plans, or stock options3. Salary includes the base salary and any salary changes that occurred during the selected period. Payroll includes the payroll results and payslips for each payroll period that the employee was paid in. Other compensation and stock are not groups of compensation history, but rather types of compensation that may fall under one of the four groups. Reference: Oracle Compensation Cloud User Guide, Oracle Global Payroll Cloud User Guide, Oracle Benefits Cloud User Guide, [Oracle Global Human Resources Cloud User Guide], [Oracle Global Payroll Cloud User Guide]
NEW QUESTION # 16
Which are the two elements that make up the Hire to Retire process? (Choose two.)
- A. Managing the employee's life cycle
- B. Managing the employee's talent profiles
- C. Adding new hires
- D. Managing the employee's benefits and compensation
Answer: A,C
Explanation:
The two elements that make up the Hire to Retire process are managing the employee's life cycle and adding new hires. Managing the employee's life cycle involves handling all the events and changes that occur during an employee's tenure in the organization, such as transfers, promotions, terminations, leaves of absence, etc. Adding new hires involves creating person records and work relationships for new employees or contingent workers who join the organization. Managing the employee's talent profiles, managing the employee's benefits and compensation are not elements that make up the Hire to Retire process, but rather processes that fall under other business functions such as talent management or compensation management. Reference: Oracle Global Human Resources Cloud User Guide, Oracle Global Human Resources Cloud User Guide, Oracle Global Human Resources Cloud User Guide
NEW QUESTION # 17
Which three Cash Management infolets do you find in the Analytics section of the home page?
- A. External Transactions
- B. Missing Statements
- C. Unreconciled
- D. Cash Balance
- E. Project Interest Amount
Answer: B,C,D
Explanation:
The three Cash Management infolets that you find in the Analytics section of the home page are:
Cash Balance: This infolet shows the total cash balance across all bank accounts and currencies. It also provides a graphical representation of the cash balance trend over time.
Missing Statements: This infolet shows the number of bank accounts that have missing statements for a given period. It also provides a list of the bank accounts with missing statements and their respective statement dates.
Unreconciled: This infolet shows the number and amount of unreconciled transactions for a given period. It also provides a breakdown of the unreconciled transactions by transaction type and currency. External Transactions and Project Interest Amount are not Cash Management infolets. They are related to other financial processes, such as Bank Transaction to Position and Budget to Report. Reference: Oracle Financials Business Process Foundations Associate Rel 2, page 21-22.
NEW QUESTION # 18
Glenn Systems has decided to use the batch scheduler functionality to automatically dis-tribute the Budget Vs Actual analysis reports via emails. Which feature of batch scheduler can they use to achieve this? (Choose the best Answer.)
- A. Bursting
- B. Break Out
- C. Distribute
- D. Explode
Answer: A
Explanation:
Bursting is the feature of batch scheduler that can be used to automatically distribute the Budget Vs Actual analysis reports via emails. Bursting enables you to split a single report based on a key value, such as business unit or ledger, and deliver each report segment to a different recipient or destination, such as email or printer1. Reference: Oracle Financials Business Process Foundations Associate Rel 2
NEW QUESTION # 19
John works as a Cash Manager in Glenn Systems and he wants to create the Cash Positioning report by using the predefined system transactions as sources. Identify three predefined sources that John can choose to create this report.? (Choose three.)
- A. Purchase Requisitions
- B. Purchase Orders
- C. AP Invoices
- D. AR Invoices
- E. AP Payments
Answer: C,D,E
Explanation:
These are three predefined sources that you can choose to create the Cash Positioning report by using the system transactions. The Cash Positioning report is a report that shows your cash inflows and outflows for a given period and bank account. You can use various sources to populate the report with system transactions, such as AR Invoices, AP Invoices, AP Payments, AR Receipts, GL Journals, or Cash Forecasting1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 20
Your organization is exploring solutions that enable their employees to submit expenses by using opt such as SMS or Microsoft Teams. Which technology will help your organization achieve this? (Choose the best Answer.)
- A. IOT
- B. Adaptive Intelligence
- C. Blockchain
- D. digital Assistant
Answer: D
Explanation:
Digital Assistant is the technology that will help your organization achieve the solution of enabling their employees to submit expenses by using opt such as SMS or Microsoft Teams. Digital Assistant is a conversational interface that allows users to interact with various applications and services through natural language. Users can use Digital Assistant to create and submit expense reports, attach receipts, review approvals, and check reimbursements using their preferred channels, such as SMS, Microsoft Teams, Slack, or Facebook Messenger2. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 21
Robert works as an Asset Accountant for Glenn Systems and tracks the transactions that require attention by using the Additions infotile in the Assets work are a. Which three statuses can he track by using this infotile? (Choose three.)
- A. Ready to Transfer
- B. Ready to Post
- C. Exceptions
- D. Incomplete
- E. Merged
Answer: B,C,D
Explanation:
These are three statuses that you can track by using the Additions infotile in the Assets work area. The Additions infotile is an infotile that shows the number of asset additions that require attention or action from you. You can use it to view and manage asset additions by their status, such as exceptions, incomplete, ready to post, or ready to transfer1. Some examples of these statuses are:
Exceptions: These are asset additions that have errors or warnings that prevent them from being transferred or posted.
Incomplete: These are asset additions that have missing or incomplete information, such as asset category, cost center, or depreciation method.
Ready to Post: These are asset additions that have been transferred from other sources, such as Payables or Projects, and are ready to be posted to General Ledger. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 22
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 # 23
Which three Cash Management infolets do you find in the Analytics section of the home page? (Choose three.)
- A. External Transactions
- B. Missing Statements
- C. Unreconciled
- D. Cash Balance
- E. Project Interest Amount
Answer: B,C,D
Explanation:
These are three Cash Management infolets that you can find in the Analytics section of the home page. Infolets are interactive tiles that display key information and metrics for a specific business area. The Cash Management infolets provide a summary of your cash position, bank account balances, reconciliation status, and missing statements2. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 24
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 # 25
Invoice Number TRS11212 for USD 10000 was recorded for the customer Easy Solutions and it became due last week. The customer had made a payment for USD 8000 on the due date and requested for an additional 7 days' time to pay the remaining amount. You have decided to close the original invoice and create another debit item for the remaining amount of USD 2000. Which type of transaction would you create to record the debit item for USD 2000? (Choose the best Answer.)
- A. Debit Memo
- B. Chargeback
- C. Invoice
- D. Write Off
Answer: A
Explanation:
Debit Memo is the type of transaction that you would create to record the debit item for USD 2000. A debit memo is a transaction that increases the amount owed by a customer, such as a partial payment, a penalty, or a price adjustment. You can create a debit memo to close the original invoice and generate a new invoice for the remaining amount1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 26
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