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Oracle Fusion Cloud Applications ERP Foundations Associate - Rel 1 Sample Questions (Q11-Q16):

NEW QUESTION # 11
Which two capabilities are provided by Oracle Fusion Cloud ERP's Fixed Assets module?

A. Supplier invoice validation
B. Asset acquisition and retirement tracking
C. Depreciation calculation and reporting
D. Employee expense management

Answer: B,C

Explanation:
Comprehensive and Detailed
Fixed Assets capabilities include:
* Asset acquisition and retirement tracking (A): Manages the asset lifecycle from purchase to disposal.
* Depreciation calculation and reporting (D): Automates depreciation and provides reports.
* Supplier invoice validation (B): Part of Payables.
* Employee expense management (C): Handled by Expenses.
These ensure asset management, as per the training.

NEW QUESTION # 12
Which two capabilities are provided by Oracle Fusion Cloud ERP's Fixed Assets module?

A. Supplier invoice validation
B. Asset acquisition and retirement tracking
C. Depreciation calculation and reporting
D. Employee expense management

Answer: B,C

NEW QUESTION # 13
How does Intelligent Document Recognition (IDR) help automate the Supplier Invoice to Payment (SP) process?

A. IDR helps optimize cash flow by automatically categorizing invoices into high-priority or low-priority payments
B. IDR integrates supplier invoices directly into the accounting system without the need for further validation or processing
C. IDR scans and extracts relevant invoice data, such as amounts, supplier names, and invoice dates, reducing the need for manual data entry

Answer: C

Explanation:
Comprehensive and Detailed
IDR automates the process by:
* Scanning and extracting relevant invoice data, reducing manual data entry (A): Extracts key fields (e.g., amounts, dates) for automated processing.
* Direct integration without validation (B): Incorrect, as validation is still required.
* Optimizing cash flow (C): Not IDR's role; relates to payment strategies.
This reduces manual effort, as per the training.

NEW QUESTION # 14
Which feature in Oracle Fusion Cloud ERP enables real-time financial reporting and analysis?

A. Oracle Cloud Infrastructure (OCI)
B. Oracle Fusion Applications Marketplace
C. Oracle Fusion Middleware
D. Oracle Transactional Business Intelligence (OTBI)

Answer: D

Explanation:
Comprehensive and Detailed
The feature enabling real-time reporting is:
* Oracle Transactional Business Intelligence (OTBI) (A): Provides real-time dashboards and analytics based on transactional data, supporting financial insights.
* Oracle Fusion Middleware (B): A development platform, not for reporting.
* Oracle Cloud Infrastructure (OCI) (C): Underlying infrastructure, not a reporting tool.
* Oracle Fusion Applications Marketplace (D): For app extensions, not reporting.
This enhances decision-making, as per the training.

NEW QUESTION # 15
What is the primary purpose of Oracle Fusion Cloud ERP's Lease Accounting module?

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

Answer: A

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 # 16
......

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Ted Cole Ted Cole

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