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.)
Correct Answer: B
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
Question 12
Which four statements are true about an effective subledger period close? (Choose four.)
Correct Answer: A,C,D,E
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
Question 13
What is the name of Oracle's Chatbot?
Correct Answer: C
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]
Question 14
Which technology helps in calculating and recommending discounts for single payments in Oracle Payments? (Choose the best Answer.)
Correct Answer: A
Adaptive Intelligence is the technology that helps in calculating and recommending discounts for single payments in Oracle Payments. Adaptive Intelligence uses machine learning and data science to analyze historical payment data and provide optimal discount suggestions based on various factors, such as payment amount, due date, supplier profile, and cash flow1. Reference: Oracle Financials Business Process Foundations Associate Rel 2
Question 15
Which Absence-related data can an employee access apart from being able to add an absence and review existing absences?
Correct Answer: C
Employees can access their plan balances from the Absence Balance page, which shows the current balance and projected balance for each absence plan they are enrolled in1. Absence calculation rules and absence processing rules are not visible to employees, but only to administrators2. Balance adjustment requests are not a type of absence-related data, but a type of action that employees can perform to request changes to their plan balances3. Reference: Oracle Absence Management Cloud User Guide, Oracle Absence Management Cloud Implementation Guide, Oracle Global Human Resources Cloud User Guide
