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NEW QUESTION # 26
Which statement is true regarding the impact of absences on an employee's net pay?
- A. Absence Management and Payroll are not directly connected.
- B. No absences will affect the employee's net pay.
- C. All absences will affect the employee's net pay.
- D. Some absences will affect the employee's net pay.
Answer: D
Explanation:
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 # 27
Your organization has decided to use specific business days for which the transactions should be considered in the cash positioning report. Which calendar would you assign to achieve this requirement on the Specify Cash Positioning and Forecast Options page? (Choose the best Answer.)
- A. Default Accounting Calendar
- B. Default Transaction Calendar
- C. Default Prorate Calendar
- D. Default Source Calendar
Answer: B
Explanation:
Default Transaction Calendar is the calendar that you would assign to achieve the requirement of using specific business days for which the transactions should be considered in the cash positioning report. The Specify Cash Positioning and Forecast Options page is a page where you can define the options and preferences for generating and viewing the cash positioning report. You can assign a default transaction calendar to specify the business days that are used to filter and group transactions in the report. The default transaction calendar can be different from the accounting calendar or the source calendar1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 28
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. Transaction Grouping Rules
- B. Matching Rules
- C. Parse Rule Set
- D. Transfer Rules
- E. Tolerance Rules
Answer: A,B,E
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 # 29
Which accounting engine is used to define the rules that help in generating the accounting entries for transactions such as supplier invoices and payments or customer invoices and receipts? (Choose the best Answer.)
- A. Business Intelligence
- B. General Ledger
- C. Essbase Cube
- D. Subledger Accounting (SLA)
Answer: D
Explanation:
Subledger Accounting (SLA) is the accounting engine that is used to define the rules that help in generating the accounting entries for transactions such as supplier invoices and payments or customer invoices and receipts. SLA provides a common platform for all subledger applications to create accounting entries based on user-defined rules and mappings. SLA also provides tools for reporting, inquiry, and analysis of subledger journal entries1. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 30
What are the reasons for difference in Subledger and General Ledger reconciliation? (Choose two)
- A. Transaction not created in the Subledger
- B. Subledger Journal entry not posted in General Ledger Cloud
- C. Create accounting not run
- D. The Subledger period is not closed yet
Answer: B,C
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 # 31
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 IT Specialist
- B. An Administrator
- C. An HR Specialist
- D. An Implementer
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 # 32
What ate the three ways by which a new employee can be added to the HR system? (Choose three.)
- A. Convert Pending Worker
- B. Add Pending Worker
- C. Mass Upload Employees
- D. Hire Employee
- E. Employee Self Register
Answer: B,C,D
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 # 33
Chargeback will
- A. Increase the Invoice amount left and create another debit Item
- B. The Invoice amount is not touched and create another debit Item
- C. The Invoice amount is not touched and create another Credit Item
- D. Decrease the Invoice amount left and create another debit Item
Answer: D
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 # 34
What three activity steps are involved in the Customer Invoice to Receipt process?
- A. Send Credit Control Letters
- B. Manage Customer Receipts
- C. Send Open Balance Letters Capture Billing
- D. Send Bill to Customer
Answer: A,B,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 # 35
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. Career Preferences
- B. Degrees
- C. Healthcare coverage
- D. Compensation
Answer: A
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 # 36
Which two statements are true about creating case folders within the Customer Statement to Collections business process? (Choose two.)
- A. Billing transactions can be of multiple currencies.
- B. Billing transactions can belong to multiple case folders.
- C. Billing transactions must belong to the same bill-to customer.
- D. Billing transactions must be of the same currency.
Answer: A,B
Explanation:
These are two true statements about creating case folders within the Customer Statement to Collections business process. A case folder is a collection of billing transactions that are related to a specific issue or dispute with a customer. You can create case folders to track and resolve issues that prevent customers from paying their invoices on time. You can also assign case owners, statuses, and priorities to each case folder1. Some facts about creating case folders are:
Billing transactions can belong to multiple case folders, which means that a single invoice can be part of more than one issue or dispute.
Billing transactions can be of multiple currencies, which means that you can include invoices with different currencies in the same case folder.
Billing transactions must belong to the same bill-to customer, which means that you cannot mix invoices from different customers in the same case folder.
Billing transactions must be of the same currency conversion type, which means that you cannot mix invoices with different conversion methods, such as corporate or spot rate, in the same case folder. Reference: Oracle Financials Business Process Certified Foundations Associate Rel 1
NEW QUESTION # 37
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 Statement to Collection
- B. Customer Contract to Revenue
- C. Customer Invoice to Receipt
- D. Bank Transaction to Position
Answer: A
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 # 38
Which step is not part of the dispute management process?
- A. Receiving dispute cases
- B. Receipt application
- C. Initiating refund
- D. Credit memo creation and approval
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 # 39
Which report is used to monitor absence trends and analyses?
- A. Absence Trends Report
- B. Employee Absence Analyses
- C. Absence Monitoring Report
- D. Leave Time & Balances Report
Answer: A
Explanation:
The Absence Trends Report is used to monitor absence trends and analyses by showing various absence metrics such as absence hours, absence days, absence frequency, absence rate, and absence cost for different groups of workers and absence types over a period of time. The Leave Time & Balances Report is used to view the current and projected leave balances for workers enrolled in leave plans. The Absence Monitoring Report is used to track the absences that exceed a specified duration or frequency threshold for workers enrolled in absence plans. The Employee Absence Analyses is not a report, but a subject area that can be used to create custom analyses and dashboards for absence data. Reference: [Oracle Transactional Business Intelligence Enterprise for HCM User Guide], [Oracle Global Human Resources Cloud User Guide], [Oracle Absence Management Cloud User Guide], [Oracle Transactional Business Intelligence Enterprise for HCM User Guide]
NEW QUESTION # 40
Which of the following are KPIs within the Expense Report to Reimbursement process? (Choose three)
- A. Process Cost to Perform Reimbursements
- B. Payment Cycle Time
- C. Number of Delinquent Accounts
- D. Average Invoice Age
- E. Expense vs Budget
Answer: A,B,E
Explanation:
The KPIs within the Expense Report to Reimbursement process are expense vs budget, payment cycle time, and process cost to perform reimbursements. Expense vs budget measures the variance between the actual expenses incurred by employees and the budget allocated for them by the organization. Payment cycle time measures the average number of days it takes to reimburse employees for their approved expense reports. Process cost to perform reimbursements measures the total cost of processing expense reports and issuing payments to employees. Number of delinquent accounts and average invoice age are not KPIs within the Expense Report to Reimbursement process, but rather KPIs within the Invoice to Cash process, which involves billing customers and collecting payments for goods or services. Reference: Oracle Expenses Cloud User Guide, Oracle Expenses Cloud User Guide, Oracle Receivables Cloud User Guide, Oracle Receivables Cloud User Guide
NEW QUESTION # 41
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