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Oracle Fusion Cloud Applications ERP Foundations Associate - Rel 1 Sample Questions (Q16-Q21):
NEW QUESTION # 16
Which three features are included in a Starter Configuration?
- A. Sample master data and transaction data
- B. Customer production data
- C. Configuration of Oracle Cloud Applications
- D. Customization of standard features
- E. Artificial Intelligence capabilities
Answer: A,C,E
Explanation:
Comprehensive and Detailed
A Starter Configuration in Oracle Fusion Cloud Applications is a prebuilt environment designed to accelerate implementation by providing foundational elements. The three features included are:
* Artificial Intelligence capabilities (A): Embedded AI features, such as predictive analytics and automation, are part of the Starter Configuration to enhance efficiency and decision-making from the outset.
* Sample master data and transaction data (B): Preloaded sample data simulates real-world scenarios, enabling users to test processes and functionalities without needing live customer data initially.
* Configuration of Oracle Cloud Applications (D): Preconfigured setups aligned with best practices ensure that core Oracle Cloud Applications are ready for use or minor adjustments.
* Customer production data (C): This is not included, as Starter Configurations focus on generic setups rather than live, customer-specific data.
* Customization of standard features (E): While customization is possible post-implementation, it is not a default feature of the Starter Configuration, which prioritizes standard configurations.
These elements support a rapid, solution-led deployment, as detailed in the Oracle ERP Foundations training.
NEW QUESTION # 17
What does the Compliant/Non-compliant Test Users metric in the Secure Role Design to User Access OMBP help determine?
- A. Users who have access to key financial transactions, which helps detect high-risk transaction processes
- B. Number of security awareness training programs conducted for the users of the application
- C. User behavior, which allows administrators to optimize system security and user experience
- D. The security clearance of individual users
Answer: A
Explanation:
Comprehensive and Detailed
The Compliant/Non-compliant Test Users metric determines:
* Users who have access to key financial transactions, which helps detect high-risk transaction processes (A): Identifies users with sensitive access, aiding risk and compliance management.
* Training programs (B): Unrelated to this metric.
* User behavior (C): Focuses on usage, not access risks.
* Security clearance (D): Not the metric's purpose.
This enhances security, as per the training.
NEW QUESTION # 18
What is the primary purpose of Oracle Fusion Cloud ERP's Lease Accounting module?
- A. To automate customer collections
- B. To track and report lease-related financial data
- C. To manage supplier contracts
- D. To reconcile bank statements
Answer: B
Explanation:
Comprehensive and Detailed
The Lease Accounting module's purpose is:
* To track and report lease-related financial data (B): Ensures compliance with lease standards (e.g., IFRS 16, ASC 842) by tracking and reporting lease liabilities and assets.
* Manage supplier contracts (A): Handled by Procurement.
* Automate customer collections (C): Part of Collections.
* Reconcile bank statements (D): Managed by Cash Management.
This ensures compliance, as per the training.
NEW QUESTION # 19
Which two benefits does the Resource Management dashboard provide to efficiently manage the Resource Analysis to Utilization process?
- A. Projected Utilization for comparing projected utilization with a predefined target
- B. Unassigned Resources for analyzing percentage of unassigned hours compared to available hours
- C. Project Health for analyzing the budget adherence and managing project cost
- D. Project Milestones for tracking the milestones that are past due, at risk, or due soon
Answer: A,B
Explanation:
Comprehensive and Detailed
The Resource Management dashboard provides:
* Unassigned Resources (A): Analyzes unassigned hours versus available hours, optimizing resource allocation.
* Projected Utilization (C): Compares projected utilization to targets, aiding in planning and efficiency.
* Project Milestones (B): Focuses on timelines, not resource utilization.
* Project Health (D): Relates to budget and cost, not utilization directly.
These benefits enhance resource management, as per the training.
NEW QUESTION # 20
Which two are key capabilities of Oracle Fusion Cloud ERP's Project Billing module?
- A. Employee expense tracking
- B. Customer invoice generation
- C. Revenue recognition and billing
- D. Supplier invoice validation
Answer: B,C
Explanation:
Comprehensive and Detailed
Project Billing capabilities include:
* Customer invoice generation (A): Creates invoices based on project work.
* Revenue recognition and billing (B): Manages revenue and billing schedules.
* Supplier invoice validation (C): Part of Payables.
* Employee expense tracking (D): Handled by Expenses.
These support project revenue, as per the training.
NEW QUESTION # 21
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