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Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:

1. Easy Solutions INC has decided to set up a meals expense policy and you have been given the responsibility to define the policy. Identify the correct sequence of steps that should be per-formed to define the meals expense policy? (Choose the best Answer.)

A) Setting up a Meals Policy > Setting up Policy Violations > Completing the Meals Rate Spreadsheet > Associating the Meals Expense Policy with an Expense Type
B) Setting up Policy Violations > Setting up a Meals Policy > Completing the Meals Rate Spreadsheet > Associating the Meals Expense Policy with an Expense Type
C) Completing the Meals Rate Spreadsheet > Setting up Policy Violations > Setting up a Meals Policy > Associating the Meals Expense Policy with an Expendim Type
D) Associating the Meals Expense Policy with an Expense Type > Setting up Policy Violations > Setting up a Meals Policy > Associating the Meals Expense Policy with an Expense Type

2. Your organization has hired Steven Johns who will be responsible for analyzing the financial performance and providing feedback for better decision making. Which job role will help Steven Johns to perform his job in the organization? (Choose the best Answer.)

A) General Accounting Manager
B) General Accountant
C) Financial Analyst
D) Cash Manager

3. Glenn Systems wants to deploy automatic controls to spot unusual or inappropriate expenses based on audit percentage, policy violations, specific keywords, and individuals with specific status. Which configuration will help them achieve this? (Choose the best Answer.)

A) Expense Report Audit Rules by Expense Templates and Types
B) Expense Audit List Rules
C) Expense Report Receipt and Notification Rules
D) Expense Report Audit Selection Rules

4. Which four statements are true about creating assets from Payable Invoice lines by using the Create Mass Additions process? (Choose four.)

A) The "Track as Asset" check box must be selected for the invoice distribution lines.
B) Invoice Lines must be charged to a Revenue Account.
C) Invoice Lines must be charged to an Asset Account.
D) Payable Invoice must be transferred to General Ledger.
E) Payable Invoice must be validated and accounted.

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

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

Solutions:

Question # 1 Answer: A

Question # 2 Answer: C

Question # 3 Answer: D

Question # 4 Answer: A,C,D,E

Question # 5 Answer: B,D