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Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:

1. 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 a Closed Period.
D) Accounting Date is in an Open Period.
E) Accounting Period is Closed.

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) Needs Revalidation
B) Validated
C) Incomplete
D) Not Validated

3. Your organization has decided to automate the entry of cash receipts by using a method where the customer goes and deposits the money directly into your bank account for the due invoices and the banker provides a data file to you. Which method can your organization implement to achieve this? (Choose the best Answer.)

A) Automatic Receipts
B) Lockbox
C) Toolbox
D) Spreadsheet

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

5. Glenn Systems runs an advertising campaign on a monthly basis for which the expenses are incurred by the Head Office. They have a requirement to distribute the advertising ex-penses by each line of business at the end of a period. Which tool can they use to automate the distribution at the end of a period? (Choose the best Answer.)

A) Account Group
B) Calculation Manager
C) BI Publisher
D) Close Monitor

Solutions: