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Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:

1. Cash Management provides you the flexibility to create external transactions. Which two types of transactions can be categorized as external? (Choose two.)

A) bank interest
B) late charges on delayed customer payments
C) penalty for delayed supplier payments
D) bank charges

2. 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) Toolbox
D) Lockbox

3. Glenn Systems owns a luxury car and they want to restrict the amount of depreciation that should be charged to this asset in a particular period. Which two types of depreciation ceiling can they use to achieve this? (Choose two.)

A) Depreciation Expense Ceiling
B) Depreciation Cost Ceiling
C) Depreciation Period Ceiling
D) Depreciation Rate Ceiling

4. Collector Jim Jones is working on a delinquent customer account and he has created some action items to follow up with this customer, including making a phone call and a personal vis-it. On which infotile can he find these action items? (Choose the best Answer.)

A) Strategy Tasks
B) Activities
C) Delinquent
D) Promises

5. Glenn Systems has decided to create accounting for payments at the time of issuing, as well as at the time of clearing the payments. Which accounting entry will be generated by the sys-tem when the payment gets reconciled with a bank statement line? (Choose the best Answer.)

A) Debit -AP Liability Credit-Cash Clearing Account
B) Debit-Expense Credit-Cash Account
C) Debit-AP Liability Credit-Cash Account
D) Debit Cash Clearing Account Credit-Cash Account

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