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NEW QUESTION # 22
Your organization has decided to apply late charges against overdue customer transactions as well as delayed payments. Your manager has requested you to evaluate the various methods that can be used to calculate late charges. Which three are valid options for calculating late charges? (Choose three.)
- A. Average Quarterly Balance
- B. Overdue Transactions Only
- C. Fortnightly Balance
- D. Late Payments Only
- E. Overdue Transactions and Late Payments
Answer: B,D,E
Explanation:
These are three valid options for calculating late charges for overdue customer transactions and delayed payments. Late charges are fees that are applied to customers who fail to pay their invoices on time or make partial payments. You can calculate late charges based on various methods, such as overdue transactions only, late payments only, overdue transactions and late payments, or balance forward billing1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 23
Company XYZ has found it to be efficient for an employee's profile to contain all relevant information from talent to non-talent content items. An employee would like to update their Talent Profile in the areas of their skills, qualifications, competencies, and accomplishments. Where would an employee go to make those updates within their employee talent profile?
- A. Compensation
- B. Degrees
- C. Healthcare coverage
- D. Career Preferences
Answer: D
Explanation:
An employee would go to Career Preferences to make updates to their Talent Profile in the areas of their skills, qualifications, competencies, and accomplishments. Career Preferences is a section within the Talent Profile that allows employees to specify their career goals, interests, mobility preferences, and readiness for new opportunities. It also enables employees to showcase their skills, qualifications, competencies, and accomplishments that are relevant for their current or desired roles. Reference: Oracle Financials Business Process Foundations Associate Rel 2, page 19-20.
NEW QUESTION # 24
Your company wants to have the ability to use budgets as part of workforce compensation to restrict the managers from allocating more compensation than they have been allocated. How many budget pulls can be tied to a compensation component in a workforce compensation plan?
- A. 0
- B. 1
- C. 2
- D. 3
- E. 4
Answer: E
Explanation:
The number of budget pulls that can be tied to a compensation component in a workforce compensation plan is 4, which is the maximum number of budget pools that can be associated with a single component. A budget pool is a source of funds that is allocated to a manager for distributing compensation to their workers. A budget pool can be based on various criteria such as performance ratings, salary grades, job levels, etc. A compensation component is a type of compensation that can be awarded to workers, such as base salary, bonus, stock, etc. A workforce compensation plan is a set of rules and guidelines that define how compensation is allocated to workers in an organization. Reference: [Oracle Compensation Cloud User Guide], [Oracle Compensation Cloud User Guide], [Oracle Compensation Cloud User Guide]
NEW QUESTION # 25
As the Director of IT, you understand that security roles are important to your organization and would like employee profiles to be kept as confidential as possible and to be viewed and managed by the employee and their manager. Apart from an employee and manager, what other role is able to add goals to an employee's development plan?
- A. An Implementer
- B. An IT Specialist
- C. An HR Specialist
- D. An Administrator
Answer: C
Explanation:
Apart from an employee and manager, another role that is able to add goals to an employee's development plan is an HR specialist, which is a type of user that has access to the HR Specialist role in Oracle HCM Cloud. An HR specialist can add goals to an employee's development plan from the Manage Development Goals page, where they can select the employee and the goal plan, and then create new goals or copy existing goals from other sources. An administrator, an IT specialist, and an implementer are not roles that are able to add goals to an employee's development plan, because they do not have access to the HR Specialist role or the Manage Development Goals page in Oracle HCM Cloud. Reference: [Oracle Global Human Resources Cloud User Guide], Oracle Global Human Resources Cloud User Guide
NEW QUESTION # 26
Which two statements are true about running the financial statements that are designed using Financial Reporting Web Studio?
- A. Financial statements can be generated only in HTML format.
- B. Business users can easily slice and dice the data across dimensions, and drill up, down, and sideways at any parent level.
- C. Financial statements are generated using the data directly from the transactional tables.
- D. Financial statements can be generated using different hierarchies to represent the data from different perspectives.
Answer: B,D
Explanation:
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 # 27
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. Goals
- C. The employee's career preference statement
- D. Performance evaluation
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 # 28
Which are the two elements that make up the Hire to Retire process? (Choose two.)
- A. Managing the employee's benefits and compensation
- B. Managing the employee's life cycle
- C. Managing the employee's talent profiles
- D. Adding new hires
Answer: B,D
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
What are the reasons for difference in Subledger and General Ledger reconciliation? (Choose two)
- A. Create accounting not run
- B. The Subledger period is not closed yet
- C. Transaction not created in the Subledger
- D. Subledger Journal entry not posted in General Ledger Cloud
Answer: A,D
Explanation:
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 # 30
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.)
- A. Expense Report Audit Rules by Expense Templates and Types
- B. Expense Report Audit Selection Rules
- C. Expense Audit List Rules
- D. Expense Report Receipt and Notification Rules
Answer: B
Explanation:
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 # 31
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 # 32
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. Goals
- C. The employee's career preference statement
- D. Performance evaluation
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 # 33
Which four statements are true about an effective subledger period close? (Choose four.)
- A. Fixed Assets must be closed before Receivables.
- B. Fixed Assets must be closed before Payables.
- C. Payable must be closed before closing Fixed Assets.
- D. Projects must be closed before Fixed Assets.
- E. Payable must be closed before Projects.
Answer: A,B,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 # 34
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 Estimator
- B. Tax Tester
- C. Tax Simulator
- D. Tax Manager
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 # 35
What is the name of Oracle's Chatbot?
- A. Oracle Information
- B. Oracle Digital Assistant
- C. Oracle Chatbot
- D. Oracle Help
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 # 36
What ate the three ways by which a new employee can be added to the HR system? (Choose three.)
- A. Convert Pending Worker
- B. Employee Self Register
- C. Mass Upload Employees
- D. Hire Employee
- E. Add Pending Worker
Answer: C,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 # 37
Your organization has decided to use the Balance Forward Billing feature to consolidate multiple invoices into a single bill and you have been asked to configure this feature. What is the recommended order of steps that needs to be followed to complete your configuration? (Choose the best Answer.)
- A. Define BFB Billing Cycle > Define BFB Payment Terms > Enable BFB in the Customer Profile > Attach BFB Payment Terms to Customer
- B. Define BFB Payment Terms > Attach BFB Payment Terms to Customer > Enable BFB in the Customer Profile > Define BFB Billing Cycle
- C. Define BFB Payment Terms > Define BFB Billing Cycle > Enable BFB in the Customer Profile > Attach BFB Payment Terms to Customer
- D. Enable BFB in the Customer Profile > Define BFB Payment Terms > Define BFB Billing Cycle > Attach BFB Payment Terms to Customer
Answer: A
Explanation:
This is the recommended order of steps that needs to be followed to complete your configuration of the Balance Forward Billing feature. Balance Forward Billing is a feature that enables you to consolidate multiple invoices into a single bill and send it to your customers at regular intervals, such as monthly or quarterly. To configure Balance Forward Billing, you need to perform the following steps1:
Define BFB Billing Cycle: This step involves creating a billing cycle name, description, and frequency for generating balance forward bills.
Define BFB Payment Terms: This step involves creating payment terms that specify the due date and discount date for balance forward bills.
Enable BFB in the Customer Profile: This step involves enabling the Balance Forward Billing option in the customer profile class or customer account level.
Attach BFB Payment Terms to Customer: This step involves assigning the balance forward payment terms to the customer account or site level. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 38
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