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

2. Your organization follows the integrated invoice imaging solution to scan and process sup-plier invoices. Steve is a Payables clerk and his job is to regularly review the invoices created from an invoice image that has invalid or missing dat a. In which status can these invoices be found? (Choose the best Answer.)

A) Needs Revalidation
B) Incomplete
C) Not Validated
D) Validated

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

4. Your organization has a requirement to ensure that the expense reports are reviewed on a regular basis to comply with its reimbursement policies. Which job role would you recommend for a person who is authorized to review and identify the compliance issues with the submitted expense reports? (Choose the best Answer.)

A) Accounts Payables Specialist
B) Expense Auditor
C) Expense Manager
D) Procurement Agent

5. Which tool do you use to preview the workings of your tax configuration before you per-form tax calculations on live transactions in a subledger application? (Choose the best Answer.)

A) Tax Estimator
B) Tax Manager
C) Tax Simulator
D) Tax Tester

Solutions: