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Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:

1. Which four statements are true about creating assets from Payable Invoice lines by using the Create Mass Additions process? (Choose four.)

A) Payable Invoice must be transferred to General Ledger.
B) Invoice Lines must be charged to a Revenue Account.
C) Invoice Lines must be charged to an Asset Account.
D) Payable Invoice must be validated and accounted.
E) The "Track as Asset" check box must be selected for the invoice distribution lines.

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

3. Which three preferred delivery methods can you choose to send statements to your customers while defining customer profile classes? (Choose three.)

A) Print
B) Email
C) WhatsApp
D) SMS
E) Fax

4. Your organization has a requirement to ensure that the expense reports are reviewed on a regular basis to comply with its reimbursement policies. Which job role would you recommend for a person who is authorized to review and identify the compliance issues with the submitted expense reports? (Choose the best Answer.)

A) Expense Auditor
B) Accounts Payables Specialist
C) Expense Manager
D) Procurement Agent

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) Account Inspector
C) Balance Inspector
D) Account Tracker

Solutions: