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Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:

1. One of the internal auditors in your organization is reviewing subledger journals and want more details about the rules that were used to generate these journals. What would you use to review these rules? (Choose the best Answer.)

A) the Analyze Journal Entry page
B) Account Monitor
C) the Create Journals page
D) the Account Override page

2. Which four factors are responsible for calculating taxes on Receivables transactions? (Choose four.)

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

3. Ganesh is trying to import a journal from an external system and he has encountered an error. Which are three reasons for the error? (Choose three.)

A) Journal Source for the external system has not been defined.
B) Accounting Date is in a Future Period.
C) Accounting Date is in an Open Period.
D) Accounting Date is in a Closed Period.
E) Accounting Period is Closed.

4. Glenn Systems owns a luxury car and they want to restrict the amount of depreciation that should be charged to this asset in a particular period. Which two types of depreciation ceiling can they use to achieve this? (Choose two.)

A) Depreciation Cost Ceiling
B) Depreciation Period Ceiling
C) Depreciation Expense Ceiling
D) Depreciation Rate Ceiling

5. Which two statements are true about running the financial statements that are designed using Financial Reporting Web Studio? (Choose two.)

A) Financial statements can be generated only in HTML format.
B) Financial statements can be generated using different hierarchies to represent the data from different perspectives.
C) Business users can easily slice and dice the data across dimensions, and drill up, down, and sideways at any parent level.
D) Financial statements are generated using the data directly from the transactional tables.

Solutions: