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Oracle Financials Cloud: General Ledger 2024Implementation Professional

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Oracle Financials Cloud: General Ledger 2024Implementation Professional Questions and Answers

Questions 1

You have enabled budgetary control and have a control budget set toAdvisorycontrol level. For September 2016, your budget for a given account combination is$5,000 USD.

In the same month, there is anapproved requisitionfor that account of$900and anapproved purchase orderfor that account of$2,500 USD. There is also aGeneral Ledger adjustment journal entryfor that account of$1,600 USD. Anapproved purchase order line of $400 USDis thencanceled.

Aninvoice is matchedto the purchase order for$2,100 USD.

Which two statements are true? (Choose two.)

Options:

A.  

As there are cancellations for $400 USD, the system will partially reserve the funds in September 2016 and fully reserve it in October 2016.

B.  

The system always consumes the budget of future periods if the limit for the current period is expired, so October 2016 budget will be considered for reservation.

C.  

Funds reservation only happens for non-matched invoices, so the system will not reserve funds.

D.  

Purchase order encumbrance will be released for $2,100 US

D.