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Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:

1. 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 Inspector
D) Account Tracker

2. John works as a Cash Manager in Glenn Systems and he wants to create the Cash Positioning report by using the predefined system transactions as sources. Identify three predefined sources that John can choose to create this report.? (Choose three.)

A) Purchase Requisitions
B) Purchase Orders
C) AP Invoices
D) AR Invoices
E) AP Payments

3. 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) Debit Memo
B) Invoice
C) Write Off
D) Chargeback

4. John is working as a Cash Manager for Glenn Systems and regularly uses the Unreconciled infolet to review the unreconciled Bank Statement Lines and System Transactions. He is not able to find the details of some transactions on this infolet because there is a limitation for the number of days for which the data appears on this infolet. Identify the number of days for which data appears on this infolet.? (Choose the best Answer.)

A) last 55 days
B) last 50 days
C) last 65 days
D) last 45 days

5. Cash Management provides you the flexibility to create external transactions. Which two types of transactions can be categorized as external? (Choose two.)

A) bank charges
B) bank interest
C) penalty for delayed supplier payments
D) late charges on delayed customer payments

Solutions: