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Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:

1. Your organization has decided to automate the entry of cash receipts by using a method where the customer goes and deposits the money directly into your bank account for the due invoices and the banker provides a data file to you. Which method can your organization implement to achieve this? (Choose the best Answer.)

A) Lockbox
B) Toolbox
C) Spreadsheet
D) Automatic Receipts

2. Which four statements are true about an effective subledger period close? (Choose four.)

A) Projects must be closed before Fixed Assets.
B) Payable must be closed before closing Fixed Assets.
C) Fixed Assets must be closed before Payables.
D) Fixed Assets must be closed before Receivables.
E) Payable must be closed before Projects.

3. Which four factors are responsible for calculating taxes on Receivables transactions? (Choose four.)

A) Parties
B) Processes
C) Places
D) Products
E) Plans
F) Programs

4. Which two statements are true about running the financial statements that are designed using Financial Reporting Web Studio? (Choose two.)

A) Financial statements are generated using the data directly from the transactional tables.
B) Financial statements can be generated only in HTML format.
C) Financial statements can be generated using different hierarchies to represent the data from different perspectives.
D) Business users can easily slice and dice the data across dimensions, and drill up, down, and sideways at any parent level.

5. Robert works as a General Accountant for Glenn Systems and he has a requirement to inquire and analyze the GL Account balances on a regular basis. Which tool can he use to in-quire and analyze the GL Account balances online? (Choose the best Answer.)

A) Account Inspector
B) Balance Inspector
C) Balance Tracker
D) Account Tracker

Solutions: