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NEW QUESTION 28
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.)

 
 
 
 
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 29
Glenn Systems runs an advertising campaign on a monthly basis for which the expenses are incurred by the Head Office. They have a requirement to distribute the advertising ex-penses by each line of business at the end of a period. Which tool can they use to automate the distribution at the end of a period? (Choose the best Answer.)

 
 
 
 
Calculation Manager is the tool that you can use to automate the distribution of the advertising expenses by each line of business at the end of a period. Calculation Manager is a tool that enables you to create and manage allocation rules that define how to distribute amounts from a source to one or more destinations based on various criteria, such as percentages, ratios, or formulas. You can schedule and run allocation rules periodically or on demand1. Reference: Oracle Financials Business Process Foundations Associate Rel 2

NEW QUESTION 30
Which are the two elements that make up the Hire to Retire process? (Choose two.)

 
 
 
 
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 31
Which two statements are true about Oracle Expenses Cloud integration with travel partners? (Choose two.)

 
 
 
 
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 32
Cash Management provides you the flexibility to create external transactions. Which two types of transactions can be categorized as external? (Choose two.)

 
 
 
 
These are two types of transactions that can be categorized as external in Cash Management. External transactions are transactions that are not generated by Oracle applications, but are manually entered or imported from external sources, such as bank statements or third-party systems. External transactions can include bank charges, bank interest, bank errors, adjustments, or transfers1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1

NEW QUESTION 33
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.)

 
 
 
 
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 34
Which part of Work Life does Mentorship fall under?

 
 
 
 
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 35
An HR Administrator has designed the performance evaluation process to suit the competencies tied to an employee role. The administrator also designed the ability to rate how an employee progressed throughout the year to show areas where they have improved. The performance evaluation is designed in such a way that employees can rate their competencies. Other than this information, what criteria is required?

 
 
 
 
Apart from competencies, another criteria that is required for the performance evaluation process is goals, which are the specific, measurable, achievable, relevant, and time-bound objectives that the employee sets and works towards during the performance period. Goals are an essential part of the performance evaluation process, because they help align the employee’s work with the organization’s strategy and vision, as well as measure the employee’s progress and achievements. Skills, job role, and communication style are not criteria that are required for the performance evaluation process, but rather information that can be used for other purposes such as talent management or career development. Reference: Oracle Performance Management Cloud User Guide, Oracle Performance Management Cloud User Guide

NEW QUESTION 36
Which three can be captured on an Invoice Header while recording a supplier invoice in the Payables application? (Choose three.)

 
 
 
 
 
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 37
What is the name of Oracle’s Chatbot?

 
 
 
 
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 38
John is working as a Cash Manager for Glenn Systems and regularly uses the Unreconciled infolet to review the unreconciled Bank Statement Lines and System Transactions. He is not able to find the details of some transactions on this infolet because there is a limitation for the number of days for which the data appears on this infolet. Identify the number of days for which data appears on this infolet.? (Choose the best Answer.)

 
 
 
 
The Unreconciled infolet displays data for the last 45 days by default. The Unreconciled infolet is an infolet that shows the unreconciled bank statement lines and system transactions for your bank accounts. You can use it to monitor and reconcile your cash transactions with your bank statements. You can also change the number of days for which data appears on this infolet by using the filter option1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1

NEW QUESTION 39
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.)

 
 
 
 

NEW QUESTION 40
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.)

 
 
 
 
 
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 41
What are the reasons for difference in Subledger and General Ledger reconciliation? (Choose two)

 
 
 
 
The reasons for difference in Subledger and General Ledger reconciliation are subledger journal entry not posted in General Ledger Cloud and create accounting not run. Subledger journal entry not posted in General Ledger Cloud is a reason for difference in Subledger and General Ledger reconciliation because it means that the subledger transactions have been accounted for but not transferred to the general ledger, resulting in a mismatch between the subledger balances and the general ledger balances. Create accounting not run is a reason for difference in Subledger and General Ledger reconciliation because it means that the subledger transactions have not been accounted for and therefore not reflected in the subledger balances or the general ledger balances. Transaction not created in the Subledger and the Subledger period is not closed yet are not reasons for difference in Subledger and General Ledger reconciliation, but rather conditions that may prevent the subledger transactions from being accounted for or transferred to the general ledger. Reference: Oracle Fusion Accounting Hub Cloud User Guide, [Oracle Fusion Accounting Hub Cloud User Guide]

NEW QUESTION 42
Which statement is true regarding the impact of absences on an employee’s net pay?

 
 
 
 
Some absences will affect the employee’s net pay depending on whether they are paid or unpaid absences, and whether they have any impact on the employee’s earnings or deductions. For example, a paid sick leave absence will reduce the employee’s available sick leave balance and increase their sick leave earnings, while an unpaid leave of absence will reduce the employee’s regular earnings and may affect their benefit eligibility. Absence management and payroll are directly connected through absence elements that are used to transfer absence data to payroll. Not all absences will affect the employee’s net pay, because some absences may have no impact on earnings or deductions, such as a paid holiday or a jury duty absence. Reference: [Oracle Absence Management Cloud User Guide], [Oracle Absence Management Cloud Implementation Guide]

NEW QUESTION 43
Robert works as a General Accountant for Glenn Systems and he has a requirement to inquire and analyze the GL Account balances on a regular basis. Which tool can he use to in-quire and analyze the GL Account balances online? (Choose the best Answer.)

 
 
 
 
Account Tracker is a tool that enables you to drill down from balances to journals and subledger transactions. You can use it to inquire and analyze the GL account balances online. You can also view graphical representations of balances and drill down to source transactions3. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1

NEW QUESTION 44
Once an employee makes their benefit election, rates will be passed to payroll. What rate from benefits enrollment gets sent to payroll?

 
 
 
 
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 45
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.)

 
 
 
 
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 46
Your manager has requested you to evaluate the attributes based on which the scoring is calculated in the collections business process. Which three attributes would you suggest to your manager? (Choose three.)

 
 
 
 
 
These are three attributes that can be used to evaluate the scoring in the collections business process. Scoring is a process that assigns a numeric value to customers based on their payment behavior and credit risk. Scoring helps collections agents to prioritize their actions and focus on the most critical customers. Scoring can be based on various attributes, such as delinquency amount, number of delinquencies, due invoices, days sales outstanding, credit limit utilization, or payment performance1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1

NEW QUESTION 47
Glenn Systems wants to deploy automatic controls to spot unusual or inappropriate expenses based on audit percentage, policy violations, specific keywords, and individuals with specific status. Which configuration will help them achieve this? (Choose the best Answer.)

 
 
 
 
Expense Report Audit Selection Rules are the configuration that will help you achieve the deployment of automatic controls to spot unusual or inappropriate expenses based on audit percentage, policy violations, specific keywords, and individuals with specific status. Expense Report Audit Selection Rules are rules that determine which expense reports are selected for audit based on various criteria, such as audit percentage, policy violations, specific keywords, and individuals with specific status. You can define different audit selection rules for different expense templates and types1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1

NEW QUESTION 48
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

 
 
 
 
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 49
Which two statements are true about running the financial statements that are designed using Financial Reporting Web Studio?

 
 
 
 
Financial statements that are designed using Financial Reporting Web Studio can be generated using different hierarchies to represent the data from different perspectives, such as by business unit, ledger, or currency. Business users can also easily slice and dice the data across dimensions, and drill up, down, and sideways at any parent level. Financial statements can be generated in various formats, such as HTML, PDF, Excel, or PowerPoint. Financial statements are generated using the data from the reporting tables, not the transactional tables. Reference: Oracle Financials Business Process Foundations Associate Rel 2, page 11-12.

NEW QUESTION 50
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?

 
 
 
 
The subprocess in the Invoice to Cash life cycle flow that helps you to manage and resolve disputes for delinquent invoices is Customer Statement to Collection. This subprocess involves sending statements and collection letters to customers who have outstanding balances, managing disputes and deductions, and initiating collection actions. The other three subprocesses are not related to managing and resolving disputes for delinquent invoices. They are:
Bank Transaction to Position: This subprocess involves importing bank statements, reconciling bank transactions with system transactions, and reporting cash positions.
Customer Contract to Revenue: This subprocess involves creating and managing customer contracts, generating revenue and billing events based on contract terms and conditions, and recognizing revenue according to accounting standards.
Customer Invoice to Receipt: This subprocess involves creating and sending invoices to customers for the goods or services delivered, recording and applying customer payments to outstanding invoices, and sending reminders or dunning letters to customers who have overdue invoices. Reference: Oracle Financials Business Process Foundations Associate Rel 2, page 17-18.

NEW QUESTION 51
What ate the three ways by which a new employee can be added to the HR system? (Choose three.)

 
 
 
 
 
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 52
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.)

 
 
 
 
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

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