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1. Why is it important to use direct quotes from customer during the sales cycle?
Mark for Review
(2) Points
Incorrect, it is important to use direct quotes fro the customer to help you to be a
more active listener and check your understanding of the topic at hand.
Paying attention to what the customer is saying but ignoring distracting verbal and
nonverbal cues, body language or tone of voice.
Formulating your response to the customer's question while watching for as many
verbal and nonverbal cues, body language or tone of voice.
Ignoring what the customer is saying and watching for as many verbal and
nonverbal cues, body language or tone of voice.
Paying attention to what the customer is saying and watching for as many verbal
and nonverbal cues, body language or tone of voice. (*)
Waiting for your turn to speak while watching for as many verbal and nonverbal
cues, body language or tone of voice.
Correct, active listening paying attention to what the customer is saying and
watching for as many verbal and nonverbal cues, body language or tone of voice.
Sys Arch
(Answer all questions in this section)
It means it has global capabilities for taxes, payments, reporting and sequencing.
(*)
It means it has regional capabilities for taxes, payments, reporting and
sequencing.
It means it has global capabilities for on line inquiries.
It means it has global capabilities for customs processing.
It means it has local capabilities for taxes, payments, reporting and sequencing.
... drilldowns to the summary level as well as unlimited hierarchies for comparison
and roll up.
... pivot and drilldowns to any level but limited hierarchies for comparison and roll
up.
... 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 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 Solution
(Answer all questions in this section)
6. Why is the ability to drill down into financial balances important to Accounting
Managers? Mark for Review
(2) Points
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 notes
that the Accounting staff wrote through social networking.
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.
The drill-down capabilities allow Accounting Managers to view the detail that
make up those balances. (*)
Correct, the drill-down capabilities allow Accounting Managers to view the detail
that make up those balances.
7. What are some key benefits of social networking in the Finance Department? Select
two. Mark for Review
(2) Points
Incorrect, key benefits of social networking for the Finance Department are
collaboration with secure business processes, real time information discussions
and the ability to extend beyond Finance to all employees.
Incorrect, two key benefits of the Oracle Financials Cloud are access to real-time
financials data and it complies with global accounting standards as well as
multiple legislative, industry or geographical requirements.
9. What is the advantage of the role-based dashboards with in the Oracle Financials
Cloud? Mark for Review
(2) Points
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 they can use the extensive
spreadsheet integration to download them to their on-premise applications. and
less 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 les time
solving issues and more time looking for them.
The role-based dashboards push issues to users so they can spend more time on
social networking and less time looking for issues.
Incorrect, the role-based dashboards push issues to users so they can spend
more time solving issues and less time looking for them.
Demo
(Answer all questions in this section)
10. What are some of the ways that Oracle secures customers' data in the Cloud?
Mark for Review
(2) Points
Isolation and a separate database for customers who have implemented the
same product portfolios
Isolation and a separate database for premium customer
Data islands and a separate database for each customer
Comingling and a separate database for each customer
Isolation and a separate database for each customer (*)
Incorrect, Oracle secures Cloud content via isolation and a separate database for
each customer.
Demo
(Answer all questions in this section)
11. Why might a given dashboard look different from user to user?
Mark for Review
(2) Points
12. What are the five key tenants provided by Oracle to support the transformation to a
modern system? Mark for Review
(2) Points
There are only four key tenants and they are to drive insight, a user-centered
design, strategic flexible business model 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 three key tenants and they are to drive insight, increase
collaboration, and compliance.
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.
Correct, the five key tenants are to drive insight, increase collaboration, a user-
centered design, strategic flexible business model and compliance.
The Oracle Social Network, Oracle Mobile BI and CFO-on-the-go dashboards (*)
The Oracle Social Network, Oracle Mobile Essbase and CFO-on-the-go
dashboards
The Oracle Social Network, Oracle BI and dashboards
The Oracle Mobile Network, Oracle Mobile BI and CFO-on-the-go dashboards
The Oracle Social Network, Oracle Mobile BI and Oracle Cloud Documents
Correct, the main components of CFO-on-the-go are the Oracle Social Network,
Oracle Mobile BI and CFO-on-the-go dashboards.
14. What integrated tool allows for greater speed and efficiency when running reports and
using drilldowns? Mark for Review
(2) Points
PeopleTools
EBS
CX
Oracle Social Network
Essbase (*)
15. What publishing choices are available within the Financial Report Center?
Mark for Review
(2) Points
Demo
(Answer all questions in this section)
The role based dashboard pushes work to the employees with insights to what
needs attention. Security limits what each can access. Drill downs are targeted
for availability with a future release.
The role based dashboard displays a list so the employees can determine what
needs attention. Security limits what each can access. Drill downs allow for
greater insight.
The role based dashboard pushes work to the managers so they can assign it to
employees of their choice. Security limits what each can access. Drill downs allow
for greater insight.
The role based dashboard pushes work to the employees with insights to what
needs attention. Security limits what each can access but anyone can view the
information allowing for greater collaboration. Drill downs allow for greater
insight.
The role based dashboard pushes work to the employees with insights to what
needs attention. Security limits what each can access. Drill downs allow for
greater insight. (*)
Correct, the role based dashboard pushes work to the employees with insights
to what needs attention. Security limits what each can access. Drill downs allow
for greater insight.
17. With each new release, the Oracle Financials Cloud Development team continues to
broaden the scope of the product. In recent releases, which applications have been Mark for Review
added to the Oracle Financials Cloud that make the product applicable to the High (2) Points
Tech industry? Select two.
Grants Management
Budgetary Control & Encumbrance (*)
Revenue Management (*)
Subledger Accounting
Automated Invoicing
18. Enhancements in global architecture are designed to target what types of customers?
Select two. Mark for Review
(2) Points
19. What makes subscription pricing more attractive to CFO's versus purchasing the
software? Mark for Review
(2) Points
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 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.
20. What advantages are C level Executives seeing once they implement Cloud reporting?
Mark for Review
(2) Points
Advantages for C level Executives are increased cost, but improved capabilities
and services.
C level Executives prefer the on-premise style of reporting.
Advantages for C level Executives are reduced cost, increased savings, but
diminished capabilities and services.
Advantages for the end user are increased capabilities and services. C level
Executives are not interested in reporting.
Advantages for C level Executives are reduced cost, increased savings,
capabilities and services. (*)
Correct, advantages for C level Executives are reduced cost, increased savings,
capabilities and services.
Objection Handling
(Answer all questions in this section)
Modifications
Knowledgeable solutions (*)
Find the source of the objection
Facts (*)
Out-of-the-box solutions
Reason out a believable answer then use the "answer plus one" to
transition to as many 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
Reason out a factual 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 many of the Five Elements as
you can
Reason out a factual answer then change the subject to transition to
as many of the Five Elements as you can
26. What are the advantages of adding Journal Entries using the spreadsheet
approach? Mark for Review
(2) Points
27. How can a client identify those suppliers to whom they must send a 1099
tax form at year end? Identify the recommended best practice. Mark for Review
(2) Points
28. Oracle Financials Cloud’s General Ledger includes a built in and internally
controlled General Ledger balances cube designed to facilitate General Mark for Review
Ledger reporting. Balances in the cube are updated ______. (2) Points
29. What currency processes are available with the Oracle Financial Cloud?
Mark for Review
(2) Points
30. How did Oracle directly benefit from modern best practices?
Mark for Review
(2) Points
31. The marketplace demands mobile abilities. What is Oracle's strategy for
mobile solutions? Mark for Review
(2) Points
32. Oracle's install base is exceptionally large and many use Oracle's on-
premise Financial applications to run their business. If these on-premise Mark for Review
clients want the flexibility of Financial reporting in the Cloud, what options (2) Points
are available to these clients? Select two.
33. Oracle Mobile Expenses uses an integration with a travel service. Which
service is used? Mark for Review
(2) Points
Solution Overview
(Answer all questions in this section)
34. 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 Mark for Review
done to fix any problems? (2) Points
Solution Overview
(Answer all questions in this section)
37. What are some of the benefits of Budgetary Control and Encumbrance
Accounting? Select two. Mark for Review
(2) Points
38. What should clients with a high volume of incoming invoices consider using
to increase efficiency? Mark for Review
(2) Points
Statement Imaging
Invoice Imaging (*)
Receipts Imaging
Payables Imaging
Payment Imaging
39. What should clients use that have a need for board room quality financial
reports? Mark for Review
(2) Points
Correct, clients with a need for board quality financial reports should
use Financial Reporting in the Financial Reporting Center.
40. Which clients are best positioned to coexist with the Oracle Financials
Cloud? Mark for Review
(2) Points
PeopleSoft customers
JD Edwards customers
Existing customers are best positioned to coexist with the Oracle
Financials Cloud. (*)
None, coexistence is not yet available
EBS customers