An employee traveled to a different city on a business trip. During the course of travel, the employee used the corporate card provided by his company for both business and personal expenses.
Upon his return, the employee created an expense report. The company is processing the expense report as Both Pay Corporate Card Transactions.
What will the result be?
Options: -
A. Both business and personal expenses will be reimbursed to the employee.
B. Reimbursement will be made to the employee and the corporate card Issuer.
C. Only business expenses incurred using the corporate card will be reimbursed to the card Issuer.
D. All expenses incurred using a corporate card will be paid to the card Issuer.
E. Reimbursements will be made to the employee instead of the corporate card issuer.
Answer: C
Answer Explanation:
Both Pay. The employee pays the credit card provider for personal expenses, and your company pays the credit card provider for business expenses.
For the Both Pay scenario, your company pays the credit card provider for transactions that are categorized as business expenses. Employees are expected to pay the credit card provider for all credit card transactions reported as personal expenses.
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| Oracle Fusion Financial Payables Certification:1Z0-1055-20 |
Question 125
Which three options are used to sort the Unaccounted Transaction Report?
Options: -
A. Transaction Type
B. Transaction Source
C. Transaction Currency
D. Transaction Number
E. Transaction Date
Answer: A, C & D
Explanation:
Unaccounted Transactions Report: Use this report to identify and review all unaccounted invoice and payment transactions and see the reason that Payables cannot account for a transaction.
Payables sorts the report by transaction type (invoice or payment), exception, supplier, transaction currency, and transaction number.
During its first month end close, a company has an Invoice with a Hold status dated 15-Jan-2012. Its accounting practice permits the transfer of unaccounted transactions from one period to another. What will happen if it runs the Payables Unaccounted transactions Sweep program?
Options: -
A. The accounting date of the Invoice will change to the same day of next period.
B. The accounting date- of the Invoice will change to the first day of next period.
C. The accounting date of the invoice will change to the same day of the new period specified.
D. The accounting date of the invoice will change to the first day of the new period specified.
E. The accounting date of the invoice will NOT change but the user can close the existing period
Answer: D
Answer Explanation:
The Unaccounted Transactions Sweep Program transfers unaccounted transactions from one accounting period to another. Because you cannot close a Payables period that has unaccounted transactions in it, if your accounting practices permit it, you might want to use this program to change the accounting date of the transactions to the next open period. For example, you have invoices for which you cannot resolve holds before the close, and your accounting practices allow you to change invoice distribution GL dates.
Submit the program to change invoice distribution GL dates to the first day of the next open period so you can close the current period.
Which expense approval rule would route the approval to the next level if the approval amount reaches the threshold?
Options: -
A. approvals by cost center managers
B. approvals by supervisors
C. approvals by project managers
D. approvals by expanse templates
E. approvals based on the position hierarchy
Answer: E
Answer Explanation:
* The purpose of Oracle Approvals Management (AME) is to define approval rules that determine the
approval processes for Oracle applications.
* An approval rule is a business rule that helps determine a transaction's approval process. Rules are constructed from conditions and actions.
* You can define approvals by job, supervisor hierarchy, positions, or by lists of individuals created either at the time you set up the approval rule or generated dynamically when the rule is invoked. You can link different approval methods together, resulting in an extremely flexible approval process.
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