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Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:

1. Your organization has decided to apply late charges against overdue customer transactions as well as delayed payments. Your manager has requested you to evaluate the various methods that can be used to calculate late charges. Which three are valid options for calculating late charges? (Choose three.)

A) Fortnightly Balance
B) Overdue Transactions Only
C) Overdue Transactions and Late Payments
D) Average Quarterly Balance
E) Late Payments Only

2. 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 Simulator
B) Tax Tester
C) Tax Estimator
D) Tax Manager

3. 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) Invoice to Cash
C) Asset to Retirement
D) Procure to Pay

4. 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) Subledger Accounting (SLA)
C) Business Intelligence
D) General Ledger

5. Which three can be captured on an Invoice Header while recording a supplier invoice in the Payables application? (Choose three.)

A) invoice number
B) supplier details
C) invoice amount
D) integration details with other applications
E) distribution combination

Solutions: