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Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:

1. 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 Simulator
C) Tax Manager
D) Tax Tester

2. Glenn Systems runs an advertising campaign on a monthly basis for which the expenses are incurred by the Head Office. They have a requirement to distribute the advertising ex-penses by each line of business at the end of a period. Which tool can they use to automate the distribution at the end of a period? (Choose the best Answer.)

A) Calculation Manager
B) Account Group
C) Close Monitor
D) BI Publisher

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

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

4. Your organization wants to implement a process that helps in recording requisitions, buying goods or services, and managing supplier invoices and payments. Which Financials business process would you recommend to achieve this? (Choose the best Answer.)

A) Budget to Report
B) Procure to Pay
C) Asset to Retirement
D) Invoice to Cash

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

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

Solutions: