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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) Financial statements can be generated only in HTML format.
B) Financial statements can be generated using different hierarchies to represent the data from different perspectives.
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.

2. Sharon is working as a collections manager and he is interested in performing an analysis based on the difference between the date of settlement and the due date of payment of invoice. Which key performance indicator will help him to review this information? (Choose the best Answer.)

A) Promise to Pay
B) Average Days Delinquent
C) Percent Current
D) Days Sales Outstanding
E) Collector Effective Index

3. Ganesh is trying to import a journal from an external system and he has encountered an error. Which are three reasons for the error? (Choose three.)

A) Accounting Date is in a Closed Period.
B) Accounting Date is in a Future Period.
C) Accounting Date is in an Open Period.
D) Journal Source for the external system has not been defined.
E) Accounting Period is Closed.

4. Robert works as an Asset Accountant for Glenn Systems and tracks the transactions that require attention by using the Additions infotile in the Assets work are a. Which three statuses can he track by using this infotile? (Choose three.)

A) Merged
B) Incomplete
C) Ready to Post
D) Ready to Transfer
E) Exceptions

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) Lockbox
C) Spreadsheet
D) Toolbox

Solutions: