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NEW QUESTION # 15
What ate the three ways by which a new employee can be added to the HR system? (Choose three.)
- A. Employee Self Register
- B. Add Pending Worker
- C. Convert Pending Worker
- D. Hire Employee
- E. Mass Upload Employees
Answer: B,D,E
Explanation:
There are three ways by which a new employee can be added to the HR system: add pending worker, hire employee, and mass upload employees. Adding a pending worker is a process that creates a person record with minimal information and assigns a pending worker person type, which can be later converted to an employee or a contingent worker. Hiring an employee is a process that creates a person record with full information and assigns an employee person type, as well as creates a work relationship, assignment, and payroll relationship for the person. Mass uploading employees is a process that uses the HCM Data Loader to import employee data from an external source and create person records with employee person type and other related objects. Converting a pending worker is not a way to add a new employee, but rather a way to change the person type of an existing pending worker to an employee or a contingent worker. Employee self register is not a way to add a new employee, but rather a feature that allows existing employees to update their own personal information. Reference: [Oracle Global Human Resources Cloud User Guide], [Oracle Global Human Resources Cloud User Guide], [Oracle Global Human Resources Cloud User Guide], [Oracle HCM Cloud Data Loader User Guide], [Oracle Global Human Resources Cloud User Guide]
NEW QUESTION # 16
Which four factors are responsible for calculating taxes on Receivables transactions? (Choose four.)
- A. Products
- B. Processes
- C. Places
- D. Programs
- E. Parties
- F. Plans
Answer: A,B,C,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 # 17
Easy Solutions INC has decided to set up a meals expense policy and you have been given the responsibility to define the policy. Identify the correct sequence of steps that should be per-formed to define the meals expense policy? (Choose the best Answer.)
- A. Completing the Meals Rate Spreadsheet > Setting up Policy Violations > Setting up a Meals Policy > Associating the Meals Expense Policy with an Expendim Type
- B. Setting up Policy Violations > Setting up a Meals Policy > Completing the Meals Rate Spreadsheet > Associating the Meals Expense Policy with an Expense Type
- C. Setting up a Meals Policy > Setting up Policy Violations > Completing the Meals Rate Spreadsheet > Associating the Meals Expense Policy with an Expense Type
- D. Associating the Meals Expense Policy with an Expense Type > Setting up Policy Violations > Setting up a Meals Policy > Associating the Meals Expense Policy with an Expense Type
Answer: C
Explanation:
This is the correct sequence of steps that should be performed to define the meals expense policy. A meals expense policy is a policy that defines the rules and limits for reimbursing meals expenses incurred by employees during their business trips. To set up a meals expense policy, you need to perform the following steps2:
Setting up a Meals Policy: This step involves creating a meals policy name, description, and effective dates.
Setting up Policy Violations: This step involves defining the conditions and actions for detecting and handling policy violations, such as warnings, errors, or audit flags.
Completing the Meals Rate Spreadsheet: This step involves entering the meal rates for different locations, currencies, and time periods in a spreadsheet template and uploading it to the system.
Associating the Meals Expense Policy with an Expense Type: This step involves linking the meals expense policy with an expense type that is used to categorize and report meals expenses. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 18
What is the name of Oracle's Chatbot?
- A. Oracle Help
- B. Oracle Digital Assistant
- C. Oracle Chatbot
- D. Oracle Information
Answer: B
Explanation:
Oracle Digital Assistant is the name of Oracle's chatbot platform that enables users to interact with various applications and services through natural language conversations. Oracle Chatbot, Oracle Information, and Oracle Help are not names of Oracle's chatbot platform, but rather generic terms that do not reflect the capabilities and features of the platform. Reference: [Oracle Digital Assistant User Guide]
NEW QUESTION # 19
What three activity steps are involved in the Customer Invoice to Receipt process?
- A. Send Credit Control Letters
- B. Manage Customer Receipts
- C. Send Bill to Customer
- D. Send Open Balance Letters Capture Billing
Answer: A,B,C
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 # 20
Invoice Number S10231234 for USD 1000 was raised for the customer "Business World" on 1st January 2022 with a payment term of 30 days. This invoice became due on 31st January 2022, but the customer has not yet made the payment due to an unresolved dispute. Which subprocess in the Invoice to Cash life cycle flow helps you to manage and resolve disputes for such type of delinquent invoices? (Choose the best Answer.)
- A. Customer Contract to Revenue
- B. Customer Statement to Collection
- C. Customer Invoice to Receipt
- D. Bank Transaction to Position
Answer: B
Explanation:
Customer Statement to Collection is the subprocess in the Invoice to Cash life cycle flow that helps you to manage and resolve disputes for delinquent invoices. It involves sending statements to customers, identifying overdue invoices, contacting customers, applying late charges, creating dispute cases, and applying adjustments or write-offs2. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 21
Which three attributes can be used as selection criteria when submitting a payment process request? (Choose three.)
- A. Supplier Type
- B. Pay Groups
- C. Invoice Type
- D. Pay Through Date
- E. Payment Terms
Answer: B,C,D
Explanation:
These are three attributes that can be used as selection criteria when submitting a payment process request. A payment process request is a request to pay one or more invoices or other payments within a single payment batch. You can use various attributes to filter and select the invoices or payments that you want to include in the payment process request2. Some of these attributes are:
Invoice Type: This attribute allows you to select invoices based on their type, such as standard, credit memo, debit memo, prepayment, or interest.
Pay Through Date: This attribute allows you to select invoices based on their due date or discount date. Only invoices that are due or eligible for discount on or before the pay through date are selected.
Pay Groups: This attribute allows you to select invoices based on their pay group, which is a grouping of invoices that share common payment attributes, such as payment method, payment priority, or payment terms. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 22
Glenn Systems has decided to create accounting for payments at the time of issuing, as well as at the time of clearing the payments. Which accounting entry will be generated by the sys-tem when the payment gets reconciled with a bank statement line? (Choose the best Answer.)
- A. Debit -AP Liability Credit-Cash Clearing Account
- B. Debit Cash Clearing Account Credit-Cash Account
- C. Debit-Expense Credit-Cash Account
- D. Debit-AP Liability Credit-Cash Account
Answer: B
Explanation:
This is the correct accounting entry for reconciling a payment with a bank statement line when the payment is accounted at both issuing and clearing time. The cash clearing account is debited to reduce the balance of the payment that was issued, and the cash account is credited to increase the balance of the cash that was cleared1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 23
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. Chargeback
- B. Invoice
- C. Debit Memo
- D. Write Off
Answer: C
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 # 24
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. Their HR Business Partner
- B. Their colleague to request peer feedback
- C. Remains in their talent profile
- D. Their manager
Answer: A
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 # 25
Your organization follows the integrated invoice imaging solution to scan and process sup-plier invoices. Steve is a Payables clerk and his job is to regularly review the invoices created from an invoice image that has invalid or missing dat a. In which status can these invoices be found? (Choose the best Answer.)
- A. Incomplete
- B. Validated
- C. Not Validated
- D. Needs Revalidation
Answer: A
Explanation:
Incomplete is the status in which you can find the invoices created from an invoice image that has invalid or missing data. The integrated invoice imaging solution is a solution that enables you to scan and process supplier invoices using optical character recognition (OCR) technology. The solution automatically creates invoices from invoice images and validates them against your setup data. If the invoice image has invalid or missing data, such as supplier name, invoice number, or invoice amount, the invoice is created with an incomplete status and requires manual intervention1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 26
Which three Cash Management infolets do you find in the Analytics section of the home page? (Choose three.)
- A. Unreconciled
- B. External Transactions
- C. Cash Balance
- D. Project Interest Amount
- E. Missing Statements
Answer: A,C,E
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 # 27
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. Digital Assistant
- C. Blockchain
- D. Adaptive Intelligence
Answer: B
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 # 28
Which are the two elements that make up the Hire to Retire process? (Choose two.)
- A. Adding new hires
- B. Managing the employee's benefits and compensation
- C. Managing the employee's life cycle
- D. Managing the employee's talent profiles
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 # 29
Sharon is working as a collections manager and he is interested in performing an analysis based on the difference between the date of settlement and the due date of payment of invoice. Which key performance indicator will help him to review this information? (Choose the best Answer.)
- A. Days Sales Outstanding
- B. Percent Current
- C. Collector Effective Index
- D. Promise to Pay
- E. Average Days Delinquent
Answer: E
Explanation:
Average Days Delinquent is the key performance indicator that will help you to perform an analysis based on the difference between the date of settlement and the due date of payment of invoice. Average Days Delinquent is a measure of how long it takes for customers to pay their overdue invoices. It is calculated by dividing the total number of delinquent days by the number of delinquent invoices. It indicates the average delay in payment and the effectiveness of your collections efforts1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 30
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. Share goals with colleagues
- B. Manage and update goals
- C. Communicate the progress of their goal for the Manager to update
- D. Create new career goals
Answer: B
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 # 31
Your organization has a requirement to ensure that the expense reports are reviewed on a regular basis to comply with its reimbursement policies. Which job role would you recommend for a person who is authorized to review and identify the compliance issues with the submitted expense reports? (Choose the best Answer.)
- A. Accounts Payables Specialist
- B. Expense Auditor
- C. Expense Manager
- D. Procurement Agent
Answer: B
Explanation:
Expense Auditor is the job role that would be recommended for a person who is authorized to review and identify the compliance issues with the submitted expense reports. Expense Auditor is responsible for auditing expense reports for policy violations, duplicate expenses, missing receipts, and other errors. Expense Auditor can also approve, reject, or return expense reports for correction2. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 32
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. Benefits
- B. Stock
- C. Other Compensation
- D. Salary
- E. Recurring Payments
- F. Payroll
Answer: A,D,E,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 # 33
Your organization has hired Steven Johns who will be responsible for analyzing the financial performance and providing feedback for better decision making. Which job role will help Steven Johns to perform his job in the organization? (Choose the best Answer.)
- A. General Accountant
- B. Financial Analyst
- C. General Accounting Manager
- D. Cash Manager
Answer: B
Explanation:
Financial Analyst is the job role that will help Steven Johns to perform his job in the organization. Financial Analyst is responsible for analyzing the financial performance and providing feedback for better decision making. Financial Analyst can use various reporting tools, such as Financial Reporting Web Studio, Smart View, Account Inspector, and Account Monitor, to create and view financial reports, dashboards, charts, and graphs. Financial Analyst can also perform variance analysis, trend analysis, what-if analysis, and drill down to transaction details2. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 34
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 # 35
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