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Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:

1. Invoice Number S10231234 for USD 1000 was raised for the customer "Business World" on 1st January 2022 with a payment term of 30 days. This invoice became due on 31st January 2022, but the customer has not yet made the payment due to an unresolved dispute. Which subprocess in the Invoice to Cash life cycle flow helps you to manage and resolve disputes for such type of delinquent invoices? (Choose the best Answer.)

A) Customer Contract to Revenue
B) Customer Statement to Collection
C) Customer Invoice to Receipt
D) Bank Transaction to Position

2. Which four statements are true about an effective subledger period close? (Choose four.)

A) Projects must be closed before Fixed Assets.
B) Payable must be closed before Projects.
C) Fixed Assets must be closed before Receivables.
D) Payable must be closed before closing Fixed Assets.
E) Fixed Assets must be closed before Payables.

3. Glenn Systems has decided to enable the Additional Duplicate Invoice Check feature. Which three additional attributes are considered for duplicate invoice check when this feature is enabled? (Choose three.)

A) Invoice Type
B) Supplier Location
C) Invoice Date
D) Invoice Amount
E) Supplier Tax Registration Number

4. 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) Average Days Delinquent
B) Promise to Pay
C) Days Sales Outstanding
D) Percent Current
E) Collector Effective Index

5. Your organization has decided to apply late charges against overdue customer transactions as well as delayed payments. Your manager has requested you to evaluate the various methods that can be used to calculate late charges. Which three are valid options for calculating late charges? (Choose three.)

A) Late Payments Only
B) Overdue Transactions Only
C) Fortnightly Balance
D) Overdue Transactions and Late Payments
E) Average Quarterly Balance

Solutions: