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NEW QUESTION: 1
A. Option B
B. Option A
C. Option C
D. Option D
Answer: A,D
NEW QUESTION: 2
Your customer is using budgetary control and encumbrance. You have an open purchase order for $500 USD, which you decide to match to an invoice for $300 USD.
What will be the fund status of the purchase order and invoice?
A. The purchase order is Liquidated and the invoice is Partially Reserved.
B. Both are Partially Reserved.
C. Both are reserved.
D. The purchase order is Open and the invoice is Validated.
E. The purchase order is Partially Liquidated and the invoice will be Reserved.
F. The purchase order is Partially Liquidated and the invoice is Partially Reserved.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
If you accrue at period end, when you validate the invoice:
* The funds move from the obligation bucket to the expenditure bucket, so overall funds availability isn't impacted.
* The matched amount and any additional variances on the invoice are reserved as an expenditure and reduce the available funds.
* The PO funds status is updated to Liquidated or Partially Liquidated
Reference: https://docs.oracle.com/cd/E60665_01/financialscs_gs/FAPPP.pdf (Page 115)
NEW QUESTION: 3
A. Option B
B. Option A
C. Option C
D. Option D
Answer: A
NEW QUESTION: 4
A. Option C
B. Option A
C. Option E
D. Option B
E. Option D
Answer: A,B