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Oracle Financials Business Process Foundations Associate Rel 2 Sample Questions:

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

2. Cash Management provides you the flexibility to create external transactions. Which two types of transactions can be categorized as external? (Choose two.)

A) penalty for delayed supplier payments
B) bank interest
C) bank charges
D) late charges on delayed customer payments

3. Which three preferred delivery methods can you choose to send statements to your customers while defining customer profile classes? (Choose three.)

A) Print
B) Fax
C) SMS
D) Email
E) WhatsApp

4. Your organization is exploring solutions that enable their employees to submit expenses by using opt such as SMS or Microsoft Teams. Which technology will help your organization achieve this? (Choose the best Answer.)

A) digital Assistant
B) Adaptive Intelligence
C) Blockchain
D) IOT

5. 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) Bank Transaction to Position
D) Customer Invoice to Receipt

Solutions: