Oracle Financials Cloud 2016 Sales Specialist Assessment

1.What 1.What makes subscription pricing more attractive to CFO's versus purchasing the software?

Mark for Review (2) (2) Poi Point ntss

Subscription pricing means smaller payments over time so the cost can be booked as an operational expense as opposed to a capital expense. (*) Subscription pricing means larger payments over time so the cost can be booked as an operational expense as opposed to a capital expense. Subscription pricing means smaller payments over time and a longer warranty as opposed to purchasing the software outright. Subscription pricing is less labor intensive for the Accounts Payable department since they can set up the payment as recurring. Subscription pricing means smaller payments over time so the cost can be booked as an capital expense as opposed to a operational expense. Correct, the smaller payments over time, as with subscription pricing, the cost can be booked as an operational expense as opposed to a capital expense. 2. Enhancements Enhancemen ts in global architecture are designed to target what types of customers? Select two. (Choose all correct answers) Recent enhancements in global architecture target customers in Spanish speaking countries. Recent enhancements in global architecture target customers in Chinese speaking countries. Recent enhancements in global architecture target customers wanting a 2 tier approach, such as, a subsidiary in the Cloud. (*)


Recent enhancements in global architecture target multinational customers and those in specific countries. (*) Recent enhancements in global architecture target customers in the United States. Correct, recent enhancements in global architecture target multinational customers, customers in specific countries and those wanting a 2 tier approach, such as, a subsidiary in the Cloud. 3. With each new release, the Oracle Financials Cloud Development team continues to broaden the scope of the product. In recent releases, which application has been added to the Oracle Financials Cloud that make the product applicable to the Public Sector industry?


Revenue Management Subledger accounting Automated Invoicing Subledger Accounting Budgetary Control & Encumbrance (*) Correct, Budgetary Control & Encumbrance is applicable to the Public Sector. 4. Why Wh y is data isolation important to CFO's? CFO's?

CFO's want to ensure that the NYSE in does not have access to their financial records. CFO's are not concerned about data d ata isolation; that is IT's responsibility. CFO's want to ensure that employees have limited access to their internal financial records. CFO's want to ensure that their employees are not embezzling from them. CFO's want to ensure that other companies in th e Cloud do not have access to their internal financial records. (*) Correct, CFO's want to ensure that other companies in the Cloud do not


have access to their internal financial records.

Cross-Sell and Upsell (Answer all questions in this section) 5. The Accounting Hub provides prebuilt integration with the ______ and _______ General Ledgers and provides an open API for _____ and third party general ledgers.

Mark for Review (2) Points

Oracle E-Business Suite and Oracle PeopleSoft General Ledgers with an open API for Oracle JD Edwards (*) Oracle E-Business Suite and Oracle JD Edwards General Ledgers with an open API for Oracle PeopleSoft Oracle E-Business Suite and Oracle PeopleSoft General Ledgers with an open API for Oracle Taleo Oracle E-Business Suite and Oracle PeopleSoft General Ledgers with an open API for Oracle Hyperion Oracle E-Business Suite and Oracle PeopleSoft General Ledgers with an open API for Oracle Siebel Correct, The Accounting Hub provides prebuilt integration with the Oracle E-Business Suite and Oracle PeopleSoft General Ledgers and provides an open API for Oracle JD Edwards and third party general ledgers. Cross-Sell and Upsell (Answer all questions in this section) 6. What should clients with a high volume of incoming invoices consider using to increase efficiency? Statement Imaging Payment Imaging Receipts Imaging Payables Imaging Invoice Imaging (*) Correct, clients with a high volume of incoming invoices should consider using Invoice Imaging to increase efficienc y.


7. What should clients use that have a need for board room quality financial reports?


Financial Reporting in the Financial Reporting Center (*) Oracle Fusion Transactional Business Intelligence Oracle Business Intelligence Publisher Account Monitor Ad Hoc reporting Correct, clients with a need for board quality financial reports should use Financial Reporting in the Financial Reporting Center.

Demonstration (Answer all questions in this section) 8. What is included in Oracle's complete financial solution?

Oracle's complete financial solution includes financial management, revenue management & collections, cash management, travel & expense management, planning & budgeting and financial analytics. (*) Oracle's complete financial solution includes financial management, cash management, travel & expense management, planning & budgeting and financial analytics. Oracle's complete financial solution includes financial management, revenue management & collections, cash management, planning & budgeting and financial analytics. Oracle's complete financial solution includes financial management, revenue management & collections, travel & expense management, planning & budgeting and financial analytics. Oracle's complete financial solution includes financial management, revenue management & collections, cash management, Essbase, travel & expense management, planning & budgeting and financial analytics. Correct, Oracle's complete financial solution includes financial management, revenue management & collections, cash management, travel & expense management, planning & budgeting and financial analytics.


9. What publishing choices are available within the Financial Report Center?


HTML, PDF or xls (*) HTML, PDF, Word or xls HTML, PDF, Outlook or xls HTML, OSA, PDF or xls HTML, OSN, PDF or xls Correct, reports can be published as HTML, P DF or xls. 10.What are the five key tenants provided by Oracle to support the transformation to a modern system? The five key tenants are to drive insight, increase collaboration, a user-centered design, strategic flexible business model and compliance. (*) There are six key tenants and they are to drive insight, increase collaboration, a user-centered design, strategic flexible business model, ad hoc reporting and compliance. The five key tenants are to encourage insight, decrease collaboration, a user-centered design, strategic flexible business model and compliance. There are only four key tenants and they are to drive insight, a user-centered design, strategic flexible business model and compliance. There are only three key tenants and they are to drive insight, increase collaboration, and compliance. Correct, the five key tenants are to drive insight, increase collaboration, a user-centered design, strategic flexible business model and compliance. 11.What integrated tool allows for greater speed and efficiency when running reports and using drilldowns?



EBS PeopleTools CX Essbase (*) Oracle Social Network Correct, Essbase from Hyperion is integrated into the Financials Cloud to increase speed and efficiency. 12. How can receipts be recorded in Mobile Expenses?


Manual entry and receipts photo. Agenda item and voice to be added in a future release. Manual entry, receipts photo or agenda item. HTML to be added in a future release. Manual entry, receipts photo or agenda item. Voice. Capabilities to be added in a future release. Manual entry, receipts photo, agenda item or HTML. Manual entry, receipts photo, agenda item or voice. (*) Correct, receipts can be recorded in Mobile Expenses via manual entry, receipts photo, agenda item or voice. 13. Why might a given dashboard look different from user to user? The dashboard content is dependent upon security, end user location and personalization. The dashboard content is dependent upon security and personalization. (*) The dashboard content are dependent upon the version that each end user had implemented. The dashboard content is dependent upon localization. The dashboard content should be the same for each user, if it is not, the data will become corrupt. Correct, the dashboard content is dependent upon security and personalization.


14. what are the main components of CFO-on-the-go?


The Oracle Social Network, Oracle Mobile BI and Oracle Cloud Documents The Oracle Social Network, Oracle Mobile Essbase and CFO-on-the-go dashboards The Oracle Mobile Network, Oracle Mobile BI and CFO-on-the-go dashboards The Oracle Social Network, Oracle BI and dashboards The Oracle Social Network, Oracle Mobile BI and CFOon-the-go dashboards (*) Incorrect, the main components of CFO-on-the-go are the Oracle Social Network, Oracle Mobile BI and CFO-on-the-go dashboards.

Objection Handling (Answer all questions in this section) 15. What are characteristics of successful delivery?

Passion, expertise, sincerity, confidence, credibility and reputation Passion, expertise, sincerity, confidence, credibility and triumph Passion, expertise, sincerity, confidence, credibility and negotiation skills Passion, expertise, sincerity, confidence, credibility and trust (*) Passion, expertise, sincerity, confidence, credibility and argument skills Correct, the characteristics of successful delivery are passion, expertise, sincerity, confidence, credibility and trust. Objection Handling (Answer all questions in this section)


16.Which is a valid strategy for handling a hostile objection?


Reason out a factual answer then change the subject to transition to as many of the Five Elements as you can Reason out a factual answer then use the "answer plus one" to transition to as many of the Five Elements as you can (*) Reason out a believable answer then use the "answer plus one" to transition to as many of the Five Elements as you can Take a break so that you can confer with the sales team then use the "answer plus one" to transition to as man y of the Five Elements as you can Reason out the root of the hostility then use the "answer plus one" to transition to as many of the Five Elements as you can Correct, a valid strategy for handling a hostile objection are to reason out a factual answer then use the "answer plus one" to transition to as many of the Five Elements as you can. 17.What are two ways to handle objections?


(Choose all correct answers) Out-of-the-box solutions Find the source of the objection Facts (*) Modifications Knowledgeable solutions (*) Correct, you can handle objections with knowledgeable solutions and facts. 18.Why is your posture important when handing objections?

Good posture conveys confidence in your facts. (*) Good posture is not a factor in objection handling. Good posture conveys physical fitness. Good posture hides your concern about your facts. Good posture shows that you sympathize with the prospect about their objection. Correct, good posture conveys confidence in your facts.


Requirements Elicitation (Answer all questions in this section) 19.How do you discover who has the most influence over the purchase decision?


Examine the key stakeholders and asking probative questions to determine their level of influence. (*) Ask for a copy of the customer's informal hierarchy Examine the key stakeholders and ask your teammates probative questions to determine their level of influence. Ask for a copy of the customer's formal hierarchy Ask the key stakeholders who has the highest level of influence. Incorrect, the person who has the most influence over the purchase decision can be discovered through examining the key stakeholders and asking probative questions to determine their level of influence. 20.What are two sources of research that will help you to know you audience? Internal research (prior relationships with other customers) and external research (using outside sources to gather information, such as earnings calls and analysts reports). Internal research (prior relationships with others at Oracle) and external research (using outside sources to gather information, such as earnings calls and analysts reports). (*) External research (prior relationships with others at Oracle) and internal l research (using outside sources to gather information, such as earnings calls and analysts reports). Internal research (prior relationships with others at Financial User Group meeting) and external research (using outside sources to gather information, such as earnings calls and analysts reports). Internal research (prior relationships with other partners) and external research (using outside sources to gather information, such as earnings calls and analysts reports). Correct, two sources of research that will help you to know your audience are internal (prior relationships with others at Oracle) and external (using outside sources to gather information, such as earnings calls and analysts reports).


Market Definition and Trends (Answer all questions in this section) 21.Oracle's install base is exceptionally large and many use Oracle's on premise Financial applications to run their business. If these on premise clients want the flexibility of Financial reporting in the Cloud, what options are available to these clients? Select two.


(Choose all correct answers) Oracle's on-premise clients can coexist with the Fusion Cloud Reporting Service for Cloud reporting. Oracle's on-premise clients can coexist with the Fusion Accounting Hub Cloud Reporting Service for Cl oud reporting. (*) Oracle's on-premise clients can opt to continue to generate their Financial reports on-premise for Cloud reporting. (*) Oracle's on-premise clients can use the Mobile Reporting Center for all of their Cloud reporting needs. Oracle's on-premise clients can use the Financial Accounting Hu b for Cloud reporting. Correct, Oracle's on-premise clients can coexist with the Fusion Accounting Hub Cloud Reporting Service. Alternatively, these clients can opt to continue to generate their Financial reports on premise. 22.Why are modern best practices attractive to our clients?


It is new and cutting edge. Large, successful customers use modern best practices. Best practice is a way to execute to achieve consistently superior results. (*) Oracle suggests that our clients use modern best practice. Innovation is always the safest route during an implementation. Correct, best practice in itself articulates how you execute to achieve consistently superior results. Evidence abounds to show that standardizing on best practice can deliver both top line benefits (to sales revenue) and bottom line savings (to costs). 23.Oracle Mobile Expenses uses an integration with a travel service. Which service is used?


Oracle Mobile Expenses integrates with GetSquare Travel Service to a provide simplified travel and expense flow. Oracle Mobile Expenses integrates with AAA Travel Service to a provide simplified travel and expense flow. Oracle Mobile Expenses integrates with GetThere Travel Service to a provide simplified travel and expense flow. (* ) Oracle Mobile Expenses integrates with Carlson Wagonlit Travel Service to a provide simplified travel and expense flow. Oracle does not offer a Mobile Expense application at this time. Correct, Oracle Mobile Expenses integrates with GetThere Travel Service to a provide simplified travel and expense flow. 24.The availability of the Mobile Financial Reporting C enter is important to our clients with a mobile accounting workforce. What are some of the advantages of Oracle's Mobile Financial Reporting Center? Some of the advantages of Oracle's Mobile Financial Reporting Center are easy access to financial reports, books, snapshots, and account groups. In future releases, Oracle plans to ad d the ability for users to run reports remotely. Oracle plans to introduce a Mobile Financial Rep orting Center in a future release. Some of the advantages of Oracle's Mobile Financial Reporting Center are easy access to financial reports, boo ks, snapshots, and account groups. Unfortunately, the remote functionality is not available for a tablet and is also available on a desktop. In addition, users can add and select favorites. Some of the advantages of Oracle's Mobile Financial Reporting Center are easy access to financial reports, books, snapshots, and account groups. The remote functionality is optimized for a tablet and is also available on a desktop. The ability for users to add and select favorites is only available on the on-premise application. Some of the advantages of Oracle's Mobile Financial Reporting Center are easy access to financial reports, books, snapshots, and account groups. The remote functionality is optimized for a tablet and is also available on a desktop. In addition, users can add and select favorites. (*) Correct, some of the advantages of Oracle's Mobile Financial Reporting Center are easy access to financial repo rts, books, snapshots, and account groups. The remote functionality is optimized for a tablet and is also available on a desktop. In addition, users can add and select favorites.


Features for non-technical audience (Answer all questions in this section) 25.What are the aspects of the Account Inspector view?


The Account Inspector view offers a pivot-table ap proach which affords greater interactivity. Users can drag and drop dimensions between the rows, columns, and pages, instantly getting different views of how their different accounts relate. (*) The Account Inspector view offers a pivot-table ap proach which affords greater interactivity. In future releases, users will be able to drag and drop dimensions between the rows, columns, and pages, instantly getting different views of how their different accounts relate. The Account Inspector view offers CFO's insight into errors made by each user within the Finance department which affords greater interactivity. The Account Inspector view offers a pivot-table ap proach which affords greater interactivity. Users can drag and drop dimensions between the rows or columns, instantly getting different views of how their different accounts relate. The Account Inspector view offers an Excel-table approach which affords greater interactivity. Users can drag and drop dimensions between the rows, columns, and pages, instantly getting different views of how their different accounts relate. Incorrect, the Account Inspector view offers a pivot -table approach which affords greater interactivity. Users can drag and drop dimensions between the rows, columns, and pages, instantly getting different views of how their different accounts relate. Features for non-technical audience (Answer all questions in this section) 26.What are the advantages of adding Journal Entries using the spreadsheet approach? The spreadsheet approach allows users to take ad vantage of data entry efficiencies such as copying and pasting v alues across many rows at once. The spreadsheet approach validates most of the data


during the upload process but is limited to 5 0 rows of data per spreadsheet. The spreadsheet approach allows users to take advantage of data entry efficiencies such as copying and pasting v alues across many rows at once for creating, reversing and approvin g Journal Entries . The spreadsheet approach validates most of the data during the upload process. Journal entries can only be made through a browser. The spreadsheet approach is for creating the initial chart of ac counts. The spreadsheet approach allows users to take ad vantage of data entry efficiencies such as copying and pasting v alues across many rows at once. The spreadsheet approach validates most of the data during the upload process. (*) The spreadsheet approach allows users to take ad vantage of data entry efficiencies such as copying and pasting v alues across many rows at once, however, the spreadsheet approach requires manual validation after the upload process. Correct, the spreadsheet approach is ideal for skilled spreadsheet users, as it lets them take advantage of data entry efficiencies such as copying and pasting values across many rows at once. The spreadsheet approach validates most of the data during the upload process. 27.What are the two Oracle Fusion Financial offerings? (select two)


(Choose all correct answers) Oracle Fusion Accounting Hub (*) Oracle Fusion Procurement Oracle Financials Accounting Hub Oracle Fusion Financials (*) Oracle Fusion ERP Correct, the two Oracle Fusion Financials offerings are Oracle Fusion Financials (which include general ledger, receivables, payables, asset tracking, expensemanagement, and cash management functionality)and Oracle Fusion Accounting Hub (providing the integration and reporting platform to effectively drive a coexistencestrategy with your existing financial systems). 28.What is the purpose of the Functional Set Up Manager?


The Functional Set Up Manager is used to set up your companies, ledgers, chart of accounts and business units (BUs) for Oracle EBS applications. The Functional Set Up Manager is used to set up your companies, ledgers, and business units (BUs) for Oracle on-premise applications. The Functional Set Up Manager is used to set up your companies, ledgers, and business units (BUs) for Oracle Cloud applications. (*) The Functional Set Up Manager is used to set up your companies, ledgers, and business units (BUs) for Oracle Cloud and on premise applications. The Functional Set Up Manager is used to set up your companies, ledgers, chart of accounts and business units (BUs) for Oracle Cloud applications. Correct, the Functional Set Up Manager is used to set up your companies, ledgers, and business units (BUs). The Functional Setup Manager empowers enterprises to decentralize the chan ge management process and enables business users to change Oracle Cloud applications to fit their evolving business n eeds. 29.What currency processes are available with the Oracle Financial Cloud? Translation (restates an entire ledger or a set of balances for a company from the ledger currency to a user defined currency). Conversational (accounts for cross currency transactions in the currency of the ledger as well as the currency that the transaction takes place), revelation (adjusts cross currency asset or liability accounts at the end of a period due to a fluctuation in the conversion rate between the time the transaction was entered and the end of the period), and transactional (restates an entire ledger or a set of balances for a company from the ledger currency to a reporting currency). Conversion (accounts for cross currency transactions in the currency of the ledger), revaluation (adjusts cross currency asset or liability accounts at the end of a period due to a fluctuation in the conversion rate between the time the transaction was made and the end of the fiscal month), and translation (restates an entire ledger or a set of balances for a company from the ledger currency to a system defaulted currency). Conversion (accounts for cross currency transactions in the currency of the ledger as well as the currency that the transaction takes place), translation (adjusts cross currency asset or liability accounts at the end of a period due to a fluctuation in the


conversion rate between the time the transaction was entered and the end of the period), and revaluation (restates an entire ledger or a set of balances for a company from the ledger currency to a reporting currency). Conversion (accounts for cross currency transactions in the currency of the ledger as well as the currency that the transaction takes place), revaluation (adjusts cross currency asset or liability accounts at the end of a period due to a fluctuation in the conversion rate between the time the transaction was entered and the end of the period), and translation (restates an entire ledger or a set of balances for a company from the ledger currency to a reporting currency). (*) Correct, Conversion (accounts for cross currency transactions in the currency of the ledger as well as thecurrency that the transaction takes place), revaluation (adjusts cross currency asset or liability accounts at the end of a period due to afluctuation in the conversion rate between the time the transaction was entered and the end of theperiod), and translation (restates an entire ledger or a set of balances for a company from the ledgercurrency to a reporting currency).

System Architecture (Answer all questions in this section) 30.Oracle Financials Cloud offers External Data Integration Services for the Oracle Cloud to create the infrastructure and services for integration with external data and systems. This integration supports _____. Select two. (Choose all correct answers) Risk and Control Management Hyperion Planning Plus Rapid Implementation tools ADF Desktop Integration (ADFdi) (*) Application Development Framework (ADF) Services (*) Correct, Oracle Financials Cloud offers External Data Integration Services for the Oracle Cloud to c reate the infrastructure and services for integration with external data and systems. This integration supports Application Development Framework (ADF) Services, web services provided in Oracle Enterprise Repository, ADF Desktop Integration (ADFdi) for


spreadsheet-based imports and file-based data imports for importing and validating high volumes of data from a legacy or 3rd party application. System Architecture (Answer all questions in this section) 31.Oracle Financials Cloud reporting platform architecture allows for _____.


... pivot and drilldowns to the fiscal year to date level as well as up to 1,000 hierarchies for comparison and roll up. ... pivot and drilldowns to any level as well as up to 1,000 hierarchies for comparison and roll up. ... pivot and drilldowns to any level but limited hierarchies for comparison and roll up. ... drilldowns to the summary level as well as unlimited hierarchies for comparison and roll up. ... pivot and drilldowns to any level as well as unlimited hierarchies for comparison and roll up. (*) Correct, Oracle Financials Cloud reporting platform architecture allows for pivot and drilldowns to any level as well as unlimited hierarchies for comparison and roll up.

Positioning the Solution (Answer all questions in this section) 32.Why is the ability to drill down into financial balances important to Accounting Managers? The drill-down capabilities allow Accounting Managers to view the detail notes that the Accounting staff wrote through social networking. The drill-down capabilities allow Accounting Managers to view the detail that make up those balances that were exported to their legacy system. The drill-down capabilities allow Accounting Managers to view the detail that make up those balances. (*) The drill-down capabilities allow Accounting Managers to view the balances imported from their legacy system. The drill-down capabilities are only available in Oracle's on premise financial applications.


Correct, the drill-down capabilities allow Accounting Managers to view the detail that make up those balances. 33.R10 introduced a new home page. What are some of the key core user experience enhancements? Select two.


(Choose all correct answers) The simplified UI work area replaces the desktop application work area New home page and updated appearance & theme (*) Enhanced Infolets dashboard (*) Enhanced out of the box Welcome content New welcome dashboard Correct, the key core UX enhancements available with R10 are a new home page, inoflets dashboard and appearance & theme updates. 34.What are two differentiators of the Infolets dashboard?


(Choose all correct answers) Library of prebuilt Infolets (*) Glance, scan, commit capabilities (*) Conforms to the industry standards for dashboards Built in links to the Financial Report Center for the user to act on analytics Enhanced Welcome content Correct, the Infolets dashboard is designed for creating a mod ern executive dashboard with a library of prebuilt Infolets and glance, scan, commit capabilities. 35. Name an advantage of Oracles' Budgetary Control and Encumbrance Accounting application to Operational users who enter trans actions. Operational users who enter transactions can easily observe the status of budget that is allocated to projects where the funding is from milestone payments. Operational users who enter transactions have no in terest in this application.


Operational users who enter transactions can easily observe the status of budget checks and reservations on line. (*) Operational users who enter transactions can easily change the status of budget checks and reservations on line. Operational users who enter transactions can easily observe the status of budget and reservations entry on line. Correct, Operational users who enter transactions can e asily observe the status of budget checks and reservations on line. Positioning the Solution (Answer all questions in this section) 36.What is the advantage of the role-based dashboards with in the Oracle Financials Cloud?


The role-based dashboards push issues to users so they can spend more time on social networking and less time looking for issues. The role-based dashboards push issues to users so they can spend les time solving issues and more time looking for them. The role-based dashboards allow Accounts Payable users to scan invoices so they can spend more time processing and less time entering them. The role-based dashboards push issues to users so they can spend more time solving issues and less time looking for them. (*) The role-based dashboards push issues to users so the y can use the extensive spreadsheet integration to download them to their on-premise applications. and less time looking for them. Incorrect, the role-based dashboards push issues to u sers so they can spend more time solving issues and less time looking for them.

Solution Overview (Answer all questions in this section) 37.What is the purpose of the Account Monitor?

The Account Monitor automatically detects changes created by specific users in account balances based on user-defined thresholds.


The Account Monitor manually detects unexpected changes in account balances based on user-defined thresholds. The Account Monitor automatically detects unexpected changes in account balances based on out-of-the-box thresholds. The Account Monitor automatically detects unexpected changes in accounts receivable balances based on user-defined thresholds. The Account Monitor automatically detects unexpected changes in account balances based on user-defined thresholds. (*) Correct, the Account Monitor automatically detects unexpected changes in account balances based on user-defined thresholds. 38.What tool is available through the Oracle Financials Cloud to help predict whether the client will close their period on time, and if not, what can be done to fix any problems?


Hierarchy Viewer Rapid Implementation tools Role-Based Dashboards Subledger Outstanding Transactions list (*) Integrated Imaging Correct, the Subledger Outstanding Transactions list allow you to predict whether or not your client will close its period on time and suggests what can be done to fix any problems. 39.How does the Oracle Financials Cloud help to streamline the laborintensive process of finding all transactions and accounting entries that contribute to an out-of-balance total? Interactive reconciliation reports compare closed receivables and closed payables balances to the corresponding balances in the General Ledger. Where possible, an automatic process matches each transaction to its respective accounting entry and finds all transactions and accounting entries that contribute to th e out-of balance total. Interactive reconciliation reports compare open receivables and open payables balances to the corresponding balances in the General Ledger. Users can then use a manual process to match each transaction to its respective accounting entr y and find all transactions and accounting entries that contribute to the out-of balance total. Interactive reconciliation reports compare open general ledger balances to the corresponding balances in the General Ledger. Where possible, an automatic process matches each transaction to


its respective accounting entry and finds all transactions and accounting entries that contribute to the out-of-balance total. Interactive reconciliation reports compare open receivables and open payables balances to the corresponding balances in the General Ledger. Where possible, an automatic process matches each transaction to its respective accounting entr y and finds all transactions and accounting entries that contribute to the out-of balance total. (*) Printed reconciliation reports compare open receivables and open payables balances to the corresponding balances in the General Ledger. Where possible, an automatic process matches ea ch transaction to its respective accounting entry and finds all transactions and accounting entries that contribute to the out-of balance total. Correct, the reconciliation process is expedited with interactive reconciliation reports that compare open receivables and open payables balances to the corresponding balances in the General Ledger. Where possible, an automatic process matches each transaction to its respective accounting entry and finds a ll transactions and accounting entries that contribute to the out-of balance total. 40.What is the advantages of basing Advanced Collections on a customer score strategies? Select two. (Choose all correct answers) Strategy Management automatically identifies and applies a series of tasks, either manually or automatically and can be customized to suite business needs. (*) Advanced Collections uses strategies based on a customer score to help ensure sending Dunning notices timely. Advanced Collections uses strategies based on a cu stomer score to help ensure timely collections from overdue customers. (*) Strategy Management automatically identifies and applies a series of tasks. These manual tasks can be customized to suite business needs. There are no advantages to a customer score strategy. Incorrect, Advanced Collections uses strategies based on a customer score to help ensure timely collections from overdue customers. Strategy Management automatically identifies and applies a series of tasks, either manually or automatically and can be customized to suite business needs.


Oracle Financials Cloud 2016 Sales Specialist Assessment

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