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Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:
1. 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) late charges on delayed customer payments
D) penalty for delayed supplier payments
2. Your organization follows the integrated invoice imaging solution to scan and process sup-plier invoices. Steve is a Payables clerk and his job is to regularly review the invoices created from an invoice image that has invalid or missing dat a. In which status can these invoices be found? (Choose the best Answer.)
A) Not Validated
B) Incomplete
C) Validated
D) Needs Revalidation
3. 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) Procurement Agent
C) Accounts Payables Specialist
D) Expense Manager
4. Which tool do you use to preview the workings of your tax configuration before you per-form tax calculations on live transactions in a subledger application? (Choose the best Answer.)
A) Tax Tester
B) Tax Manager
C) Tax Estimator
D) Tax Simulator
5. Sharon is working as a collections manager and he is interested in performing an analysis based on the difference between the date of settlement and the due date of payment of invoice. Which key performance indicator will help him to review this information? (Choose the best Answer.)
A) Percent Current
B) Days Sales Outstanding
C) Promise to Pay
D) Average Days Delinquent
E) Collector Effective Index
Solutions:
Question # 1 Answer: A,B | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: D |