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Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:

1. Easy Solutions INC has operations in the USA, UK, and Germany. USA is the parent entity and it has two subsidiary entities in UK and Germany. USA and UK entities are sharing the same chart of accounts and calendar, whereas the Germany entity has a different chart of ac-count and calendar due to some statutory requirements. Which consolidation method would you recommend to consolidate the financials balances of the Germany entity with the parent entity in the USA? (Choose the best Answer.)

A) Calculation Manager Consolidation
B) Balance Transfer Consolidation
C) Reporting only Consolidation
D) Oracle Hyperion Financial Management Consolidation

2. Robert works as an Asset Accountant for Glenn Systems and tracks the transactions that require attention by using the Additions infotile in the Assets work are a. Which three statuses can he track by using this infotile? (Choose three.)

A) Ready to Transfer
B) Ready to Post
C) Merged
D) Incomplete
E) Exceptions

3. Your manager is about to schedule the create accounting job to generate accounting entries on a periodic basis. Process Category is one of the parameters that could be optionally selected while submitting this job and your manager wants to know its relevance. What will be your response? (Choose the best Answer.)

A) Process Category helps you to restrict the accounting mode as Draft or Final based on which the accounting entries should be generated.
B) Process Category helps you to restrict the subledger application for which the account-ing entries can be generated
C) Process Category helps you to restrict the ledger for which the accounting entries can be generated.
D) Process Category helps you to restrict the events selected for accounting and it is useful for segmenting events based on processing volumes.

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

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

Solutions: