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Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:

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

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

2. Which technology helps in calculating and recommending discounts for single payments in Oracle Payments? (Choose the best Answer.)

A) 4. Digital Assistant
B) Machine Learning
C) Internet of Things
D) Adaptive Intelligence

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

4. Your organization has recently made changes to one of the accounting rules to comply with the new accounting requirement. In which mode will you generate the accounting to verify that the changes made to the rule are producing the desired accounting entries before generating the final accounting? (Choose the best Answer.)

A) Interim
B) Draft
C) Provisional
D) Temporary

5. 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) Automatic Receipts
B) Spreadsheet
C) Lockbox
D) Toolbox

Solutions: