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Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:

1. Your organization has decided to use the automatic reconciliation feature to reconcile bank statement lines with system transactions. Which three components will be useful for the auto-matic reconciliation of bank statements with system transactions? (Choose three.)

A) Transfer Rules
B) Transaction Grouping Rules
C) Parse Rule Set
D) Matching Rules
E) Tolerance Rules

2. Which three can be captured on an Invoice Header while recording a supplier invoice in the Payables application? (Choose three.)

A) invoice amount
B) supplier details
C) distribution combination
D) invoice number
E) integration details with other applications

3. 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) Setting up a Meals Policy > Setting up Policy Violations > Completing the Meals Rate Spreadsheet > Associating the Meals Expense Policy with an Expense Type
B) Setting up Policy Violations > Setting up a Meals Policy > Completing the Meals Rate Spreadsheet > Associating the Meals Expense Policy with an Expense Type
C) 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
D) Completing the Meals Rate Spreadsheet > Setting up Policy Violations > Setting up a Meals Policy > Associating the Meals Expense Policy with an Expendim Type

4. Your organization has decided to use specific business days for which the transactions should be considered in the cash positioning report. Which calendar would you assign to achieve this requirement on the Specify Cash Positioning and Forecast Options page? (Choose the best Answer.)

A) Default Prorate Calendar
B) Default Source Calendar
C) Default Accounting Calendar
D) Default Transaction Calendar

5. 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.

Solutions: