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Oracle Fusion Cloud Applications ERP Foundations Associate - Rel 1 Sample Questions (Q13-Q18):

NEW QUESTION # 13
Which two are key features of Oracle Fusion Cloud ERP's Financial Reporting tools?

A. Employee expense tracking
B. Customizable financial statements
C. Real-time dashboards and analytics
D. Automated supplier invoice processing

Answer: B,C

Explanation:
Comprehensive and Detailed
Financial Reporting tools feature:
* Real-time dashboards and analytics (A): Provide instant insights via OTBI.
* Customizable financial statements (C): Allow tailored reporting formats.
* Automated supplier invoice processing (B): Part of Payables, not reporting.
* Employee expense tracking (D): Managed by Expenses.
These enhance reporting flexibility, as per the training.

NEW QUESTION # 14
Which three are key components of Oracle Fusion Cloud ERP's architecture?

A. On-premises database storage
B. Multi-tenant cloud infrastructure
C. Custom-built hardware for each customer
D. Scalable and secure cloud platform
E. Prebuilt integrations with third-party applications

Answer: B,D,E

Explanation:
Comprehensive and Detailed
Oracle Fusion Cloud ERP's architecture is designed for scalability, security, and integration in a cloud environment. The three key components are:
* Multi-tenant cloud infrastructure (B): Enables multiple customers to share the same application instance while keeping data isolated, reducing costs and improving efficiency.
* Prebuilt integrations with third-party applications (C): Provides out-of-the-box connectivity with external systems, enhancing interoperability.
* Scalable and secure cloud platform (D): Built on Oracle Cloud Infrastructure (OCI), it ensures scalability to handle varying workloads and robust security features.
* On-premises database storage (A): Not a component, as Fusion Cloud ERP is fully cloud-based.
* Custom-built hardware for each customer (E): Incorrect, as multi-tenancy eliminates the need for dedicated hardware per customer.
These components underpin Oracle's cloud-first strategy, as detailed in the ERP Foundations training.

NEW QUESTION # 15
How does the Average Days Delinquent (ADD) metric benefit a company's collection efforts?

A. ADD identifies potential cash flow risks and customer creditworthiness, enabling timely corrective actions
B. ADD assesses the efficiency of the collection process by comparing collected and potentially collectible amounts
C. ADD calculates the total amount collected, helping set recovery targets for the collection team

Answer: A

Explanation:
Comprehensive and Detailed
The ADD metric benefits collections by:
* Identifying potential cash flow risks and customer creditworthiness, enabling timely corrective actions (B): Measures average delinquency days to highlight risky accounts and inform collection strategies.
* Assessing efficiency (A): Focuses on amounts, not delinquency timing.
* Calculating total collected (C): Relates to recovery, not ADD's purpose.
This improves cash flow management, as per the training.

NEW QUESTION # 16
Which three are key capabilities of Oracle Cloud Success Navigator?

A. It is a place to renew your Oracle Cloud Service subscriptions
B. It is a source of online product documentation
C. It provides guidance for implementation
D. It offers preconfigured starter environments
E. It offers guidance for continuous innovation

Answer: C,D,E

Explanation:
Comprehensive and Detailed
Oracle Cloud Success Navigator supports customers throughout their cloud journey with these key capabilities:
* It offers guidance for continuous innovation (A): Provides tools and recommendations for adopting new features and optimizing usage over time.
* It offers preconfigured starter environments (C): Includes Starter Configurations for rapid deployment and testing.
* It provides guidance for implementation (E): Offers best practice frameworks and tools to streamline setup and rollout.
* It is a place to renew your Oracle Cloud Service subscriptions (B): Subscription management is handled separately, not via Success Navigator.
* It is a source of online product documentation (D): Documentation exists elsewhere (e.g., Oracle Help Center), not as a primary capability here.
These features ensure effective adoption and management, as per the ERP Foundations training.

NEW QUESTION # 17
What is the primary purpose of Oracle Fusion Cloud ERP's Lease Accounting module?

A. To reconcile bank statements
B. To track and report lease-related financial data
C. To automate customer collections
D. To manage supplier contracts

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 # 18
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Eric Martin Eric Martin

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