Question 1

During an internal audit of the expense reimbursement process, you observe a discrepancy where refunds from employees are being applied against positive
payment requests. Your organization would like to keep them separate.
How do you achieve this?

Accepted Answer

Correct answer: D

Question 2

You joined an OU Live Session for Oracle Financials centered on Expenses and learned about a new feature, Monthly and Lifetime Rate Limit Enforcement for
Miscellaneous Policies. With this new feature, you can now enforce monthly and lifetime rate limits for miscellaneous expenses.
Based on which four values did the instructor say you can configure the rate limits?

Accepted Answer

Correct answer: CEG

Question 3

You need to issue an off-cycle, single payment for a supplier before the next scheduled payment run. The invoice you need to pay has been uploaded into the
system, yet it is not available for selection on the Create Payment page.
Select two potential reasons for this:

Accepted Answer

Correct answer: AC

Question 4

You are an Expenses Manager at a large company and need to address complaints from your corporate card provider about delayed transaction payments
incurred by former employees who are now inactive. To ensure timely and efficient processing of valid business charges posted to an inactive employee's
corporate credit card, you can run the following two processes: Upload Corporate Card Transactions and Process Corporate Card Transactions for Inactive
Employees.
Which two are capabilities included in these processes?

Accepted Answer

Correct answer: AD

Question 5

You have created an approval rule as follows:
? Rule 1: If the invoice amount > $1000, route it to User 1.
? Rule 2: If the invoice amount < $1000, auto-approve it.
What will happen if a user creates an invoice for $1000 and routes it for approval?

Accepted Answer

Correct answer: D

Question 6

Which two invoice types can have a status of Incomplete?

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Accepted Answer

Correct answer: AB

Question 7

You are an Oracle Payable Consultant and your client, a large retail organization is discussion statutory reporting requirements.
Your Client to leverage the subledger accounting application to create subledger journal entries for payables. Some of the reporting requirements are scenario
based.
Which three subledger accounting components can have conditions in the rules?

Accepted Answer

Correct answer: ACD

Question 8

As a Workflow Administrator, you are tasked with configuring certain invoice approval rules to align with your company's policy. You decide to make use of the
purchase order additional attributes and descriptive flexfields to appropriately configure invoice approval rules and route workflow notifications to approvers.
Which two are NOT purchase order additional attributes that workflow administrators can use to configure invoice approval workflow rules?

Accepted Answer

Correct answer: CE

Question 9

SIMULATION - (Topic 2)
MANAGE POLICIES BY EXPENSE CATEGORY
The US1 Business Unit has an expense policy on meals that allows an employee to claim 30 USD per day for an evening meal, regardless of their role and
location.

Accepted Answer

See the Explanation for Step-by-Step Solution.
Explanation
Step-by-Step Solution: Configuring Expense Policies by Expense Category in Oracle Financials Cloud
To implement the expense policy for meals in Oracle Financials Cloud, follow these steps:
Step 1: Navigate to the Expense Policies Setup
 Log in to Oracle Financials Cloud with the appropriate Expense Manager or Financial Administrator role.
 Go to the Setup and Maintenance work area.
 Select Manage Policies by Expense Category (Task Name: Manage Expense Policies by Expense Category).
 Select the US1 Business Unit to ensure the policy applies to the correct entity.
Step 2: Create or Update the Meal Expense Category
 Under Manage Policies by Expense Category, locate or create the Meals Expense Category.
 If the Meals category does not exist:
 Click Create Expense Category.
 Enter Category Name: "Meals".
 Category Type: "Meals and Entertainment".
 Save the entry.
Step 3: Define Expense Limits for Evening Meals
 Select the Meals Expense Category and click Edit.
 Navigate to the Policies and Limits tab.

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 Under Amount Limits, click Add New Rule.
 Description: "Evening Meal Limit".
 Limit Type: "Maximum Allowed Amount".
 Limit Amount: Enter 30 USD.
 Per: Select Day.
 Apply to All Employees (since this applies regardless of role and location).
 Location-Based Rules: Leave blank since it applies universally.
 Click Save and Close.
Step 4: Enable and Activate the Policy
 Ensure the policy is enabled by selecting the checkbox for Active.
 Click Submit to finalize the configuration.
 Run the "Validate and Deploy Expense Policies" process to apply changes.
Step 5: Testing the Policy
 Simulate an Expense Report Submission:
 Have an employee create a new expense report.
 Select Meals as the expense category.
 Enter an evening meal expense of 35 USD (which exceeds the policy limit).
 Verify if a policy violation warning appears, restricting the claim to 30 USD.
 Submit an expense of 30 USD and ensure no policy violation occurs.
Expected Outcome:
 Employees can claim up to 30 USD per day for an evening meal.
 Any claim above 30 USD triggers a policy violation warning.
 The rule applies to all employees regardless of role and location. Conclusion
By following the above steps, you successfully configure an expense policy for meals that limits evening meal claims to 30 USD per day. This ensures compliance
with the company's expense management guidelines while streamlining the expense approval process in Oracle Financials Cloud.

Question 10

SIMULATION - (Topic 2)
MANAGE EXPENSE REPORT TEMPLATE
Task 2:
Create Expense Items, where:
* a. The effective start date is the current date.
* b. There is no tax implication.
* c. Projects are not used.
* d. Receipt and expense fields are the same as the expense report template.
* e. The dinner expense item is associated with the Meal policy created in the previous challenge.

Accepted Answer

See the Explanation for Step-by-Step Solution.
Explanation
TASK 2: CREATE EXPENSE ITEMS
We need to create expense items with the following requirements:
# Effective Start Date: Set to current date.# No tax implications.# Projects are not used.# Receipt and expense fields should match those from the expense report
template created earlier.# Dinner expense item must be linked to the Meal policy created in the previous task.
Step-by-Step Solution: Configuring Expense Items in Oracle Financials Cloud Step 1: Navigate to the Expense Items Setup
 Log in to Oracle Financials Cloud as an Expense Manager or Financial Administrator.
 Navigate to Setup and Maintenance.
 In the Search Bar, type "Manage Expense Items".
 Click on Manage Expense Items.
Step 2: Create Expense Items
 Click Create New Expense Item.

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 Enter the following details:
Expense Item: Internet
 Name: "Internet"
 Expense Category: "Meals and Entertainment"
 Effective Start Date: Current Date
 Tax Classification Code: None (No tax implications)
 Projects Used? No (Uncheck "Enable for Projects")
 Receipt Required? Follow Template Policy
 Expense Fields? Set as Optional
# Click Save and Close.
Expense Item: Room Rate
 Click Create New Expense Item again.
 Enter the following details:
 Name: "Room Rate"
 Expense Category: "Lodging"
 Effective Start Date: Current Date
 Tax Classification Code: None
 Projects Used? No
 Receipt Required? Follow Template Policy
 Expense Fields? Set as Optional
# Click Save and Close.
Expense Item: Dinner (Linked to Meal Policy)
 Click Create New Expense Item again.
 Enter the following details:
 Name: "Dinner"
 Expense Category: "Meals and Entertainment"
 Effective Start Date: Current Date
 Tax Classification Code: None
 Projects Used? No
 Receipt Required? Follow Template Policy
 Expense Fields? Set as Optional
 Link to the Meal Policy Created Earlier:
 Navigate to Expense Policies.
 Select the previously created Meal Policy.
 Ensure that Dinner Expense Item is associated with this policy.
 Set Limit Type: Warning Only (if applicable).
# Click Save and Close.
Step 3: Validate and Confirm the Expense Items
 Review the created expense items.
 Ensure that:
 No tax classification codes are applied.
 Projects are disabled.
 Receipt and expense fields match those in the Expense Report Template.
 Dinner Expense Item is correctly linked to the Meal Policy.
# Click Submit and Activate.
Step 4: Test the Expense Items

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 Simulate an Expense Report Submission:
 Select Internet, Room Rate, and Dinner as expense types.
 Enter sample amounts.
 Ensure that:
 No tax implications appear.
 Projects field is disabled.
 Receipt rules match the Expense Report Template.
 A warning is displayed if the Dinner Expense exceeds the Meal Policy limit. Expected Outcome:
# Expense items are successfully created.# No tax implications are applied.# Projects are not enabled.# Receipts and expense fields match the template.# Dinner
expense item is linked to the Meal Policy and displays a warning if the limit is exceeded.
Conclusion
By following these steps, we have successfully created expense items that comply with all business requirements.