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Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:
1. Which two statements are true about creating case folders within the Customer Statement to Collections business process? (Choose two.)
A) Billing transactions can belong to multiple case folders.
B) Billing transactions must be of the same currency.
C) Billing transactions can be of multiple currencies.
D) Billing transactions must belong to the same bill-to customer.
2. 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) General Ledger
D) Business Intelligence
3. 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-AP Liability Credit-Cash Account
C) Debit-Expense Credit-Cash Account
D) Debit Cash Clearing Account Credit-Cash Account
4. Which three attributes can be used as selection criteria when submitting a payment process request? (Choose three.)
A) Pay Groups
B) Pay Through Date
C) Invoice Type
D) Supplier Type
E) Payment Terms
5. Easy Solutions INC has decided to set up a meals expense policy and you have been given the responsibility to define the policy. Identify the correct sequence of steps that should be per-formed to define the meals expense policy? (Choose the best Answer.)
A) Completing the Meals Rate Spreadsheet > Setting up Policy Violations > Setting up a Meals Policy > Associating the Meals Expense Policy with an Expendim Type
B) Associating the Meals Expense Policy with an Expense Type > Setting up Policy Violations > Setting up a Meals Policy > Associating the Meals Expense Policy with an Expense Type
C) Setting up a Meals Policy > Setting up Policy Violations > Completing the Meals Rate Spreadsheet > Associating the Meals Expense Policy with an Expense Type
D) Setting up Policy Violations > Setting up a Meals Policy > Completing the Meals Rate Spreadsheet > Associating the Meals Expense Policy with an Expense Type
Solutions:
| Question # 1 Answer: A,C | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: A,B,C | Question # 5 Answer: C |



