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Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:

1. Which two statements are true about running the financial statements that are designed using Financial Reporting Web Studio? (Choose two.)

A) Business users can easily slice and dice the data across dimensions, and drill up, down, and sideways at any parent level.
B) Financial statements can be generated only in HTML format.
C) Financial statements can be generated using different hierarchies to represent the data from different perspectives.
D) Financial statements are generated using the data directly from the transactional tables.

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

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

3. Your manager has requested you to evaluate the attributes based on which the scoring is calculated in the collections business process. Which three attributes would you suggest to your manager? (Choose three.)

A) Number of Delinquencies
B) Number of Unidentified Receipts
C) Due Invoices
D) Number of Unapplied Receipts
E) Delinquency Amo

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

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) Toolbox
D) Lockbox

Solutions: