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Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:

1. Invoice Number TRS11212 for USD 10000 was recorded for the customer Easy Solutions and it became due last week. The customer had made a payment for USD 8000 on the due date and requested for an additional 7 days' time to pay the remaining amount. You have decided to close the original invoice and create another debit item for the remaining amount of USD 2000. Which type of transaction would you create to record the debit item for USD 2000? (Choose the best Answer.)

A) Invoice
B) Debit Memo
C) Chargeback
D) Write Off

2. Invoice Number S10231234 for USD 1000 was raised for the customer "Business World" on 1st January 2022 with a payment term of 30 days. This invoice became due on 31st January 2022, but the customer has not yet made the payment due to an unresolved dispute. Which subprocess in the Invoice to Cash life cycle flow helps you to manage and resolve disputes for such type of delinquent invoices? (Choose the best Answer.)

A) Customer Contract to Revenue
B) Bank Transaction to Position
C) Customer Invoice to Receipt
D) Customer Statement to Collection

3. Which accounting engine is used to define the rules that help in generating the accounting entries for transactions such as supplier invoices and payments or customer invoices and receipts? (Choose the best Answer.)

A) Subledger Accounting (SLA)
B) General Ledger
C) Essbase Cube
D) Business Intelligence

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

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

5. Glenn Systems has decided to use the batch scheduler functionality to automatically dis-tribute the Budget Vs Actual analysis reports via emails. Which feature of batch scheduler can they use to achieve this? (Choose the best Answer.)

A) Bursting
B) Break Out
C) Distribute
D) Explode

Solutions: