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Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:

1. 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 ledger for which the accounting entries can be generated.
C) Process Category helps you to restrict the events selected for accounting and it is useful for segmenting events based on processing volumes.
D) Process Category helps you to restrict the subledger application for which the account-ing entries can be generated

2. Which process involves the comparison of planned versus actual figures by designing re-ports with the help of state-of-the-art reporting tools? (Choose the best Answer.)

A) Accounting Transformation
B) Budget to Report
C) Invoice to Cash
D) Procure to Pay

3. 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) Temporary
C) Draft
D) Provisional

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

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

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

Solutions: