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Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:

1. Which two statements are true about creating case folders within the Customer Statement to Collections business process? (Choose two.)

A) Billing transactions must belong to the same bill-to customer.
B) Billing transactions must be of the same currency.
C) Billing transactions can belong to multiple case folders.
D) Billing transactions can be of multiple currencies.

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

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

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

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

4. Your manager is about to schedule the create accounting job to generate accounting entries on a periodic basis. Process Category is one of the parameters that could be optionally selected while submitting this job and your manager wants to know its relevance. What will be your response? (Choose the best Answer.)

A) Process Category helps you to restrict the events selected for accounting and it is useful for segmenting events based on processing volumes.
B) Process Category helps you to restrict the ledger for which the accounting entries can be generated.
C) Process Category helps you to restrict the accounting mode as Draft or Final based on which the accounting entries should be generated.
D) Process Category helps you to restrict the subledger application for which the account-ing entries can be generated

5. Which accounting engine is used to define the rules that help in generating the accounting entries for transactions such as supplier invoices and payments or customer invoices and receipts? (Choose the best Answer.)

A) General Ledger
B) Subledger Accounting (SLA)
C) Essbase Cube
D) Business Intelligence

Solutions: