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Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:

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

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

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

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

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

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

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

5. John is working as a Cash Manager for Glenn Systems and regularly uses the Unreconciled infolet to review the unreconciled Bank Statement Lines and System Transactions. He is not able to find the details of some transactions on this infolet because there is a limitation for the number of days for which the data appears on this infolet. Identify the number of days for which data appears on this infolet.? (Choose the best Answer.)

A) last 50 days
B) last 65 days
C) last 55 days
D) last 45 days

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