Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:

1. Your manager is about to schedule the create accounting job to generate accounting entries on a periodic basis. Process Category is one of the parameters that could be optionally selected while submitting this job and your manager wants to know its relevance. What will be your response? (Choose the best Answer.)

A) Process Category helps you to restrict the accounting mode as Draft or Final based on which the accounting entries should be generated.
B) Process Category helps you to restrict the events selected for accounting and it is useful for segmenting events based on processing volumes.
C) Process Category helps you to restrict the subledger application for which the account-ing entries can be generated
D) Process Category helps you to restrict the ledger for which the accounting entries can be generated.

2. Which technology helps in calculating and recommending discounts for single payments in Oracle Payments? (Choose the best Answer.)

A) Adaptive Intelligence
B) Internet of Things
C) Machine Learning
D) 4. Digital Assistant

3. Glenn Systems wants to deploy automatic controls to spot unusual or inappropriate expenses based on audit percentage, policy violations, specific keywords, and individuals with specific status. Which configuration will help them achieve this? (Choose the best Answer.)

A) Expense Report Audit Rules by Expense Templates and Types
B) Expense Report Receipt and Notification Rules
C) Expense Audit List Rules
D) Expense Report Audit Selection Rules

4. Your organization has decided to use the Balance Forward Billing feature to consolidate multiple invoices into a single bill and you have been asked to configure this feature. What is the recommended order of steps that needs to be followed to complete your configuration? (Choose the best Answer.)

A) Define BFB Payment Terms > Define BFB Billing Cycle > Enable BFB in the Customer Profile > Attach BFB Payment Terms to Customer
B) Define BFB Billing Cycle > Define BFB Payment Terms > Enable BFB in the Customer Profile > Attach BFB Payment Terms to Customer
C) Define BFB Payment Terms > Attach BFB Payment Terms to Customer > Enable BFB in the Customer Profile > Define BFB Billing Cycle
D) Enable BFB in the Customer Profile > Define BFB Payment Terms > Define BFB Billing Cycle > Attach BFB Payment Terms to Customer

5. Robert works as a General Accountant for Glenn Systems and he has a requirement to inquire and analyze the GL Account balances on a regular basis. Which tool can he use to in-quire and analyze the GL Account balances online? (Choose the best Answer.)

A) Balance Tracker
B) Balance Inspector
C) Account Tracker
D) Account Inspector

Solutions: