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

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

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

3. Your organization is exploring solutions that enable their employees to submit expenses by using opt such as SMS or Microsoft Teams. Which technology will help your organization achieve this? (Choose the best Answer.)

A) Blockchain
B) digital Assistant
C) Adaptive Intelligence
D) IOT

4. Your organization has decided to apply late charges against overdue customer transactions as well as delayed payments. Your manager has requested you to evaluate the various methods that can be used to calculate late charges. Which three are valid options for calculating late charges? (Choose three.)

A) Late Payments Only
B) Average Quarterly Balance
C) Overdue Transactions and Late Payments
D) Fortnightly Balance
E) Overdue Transactions Only

5. Ganesh works for Glenn Systems as a General Accountant and he has a requirement to create periodic allocations at the end of the month to distribute welfare expenses. The allocations will be based on headcounts in each department. In which currency should the journal entry be created to load the headcounts? (Choose the best Answer.)

A) Ledger Currency
B) Statistical Currency
C) Foreign Currency
D) Reporting Currency

Solutions: