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NEW QUESTION: 1
Your customer is implementing budgetary control with encumbrance accounting. Your customer has businesses in Australia, New Zealand, and Singapore with a ledger in each country with a Corporate chart of account instance that has four segments.
Which three statements are true regarding the creation of a control budget?
A. A control budget can be associated with a different calendar than accounting calendar.
B. Control budgets are always absolute to generate encumbrance accounting.
C. The control budget structure has all the chart of account segments as budget segments.
D. A control budget is associated to a ledger and creates three control budgets for Australia. New Zealand, and Singapore.
E. A control budget can allow override rules only if the control level is absolute.
Answer: A,E
Explanation:
Explanation
Override settings only apply to accounts within a control budget that have Absolute control level. For transactions with accounts that have Absolute control level, if there are insufficient funds based on funds available by period and account, or if the period is not open, there is an option to request an override for requisitions, purchase orders, Payables invoices or General Ledger journals.WHY ARE BUDGETARY CONTROL AND ENCUMBRANCE ACCOUNTING SEPARATED?Some organizations want to budget and control spending at a different level than general ledger accounting. Oracle ERP Cloud supports this by allowing the budget calendar and account structure used in Budgetary Control to be different from the accounting calendar and chart of accounts used in General Ledger

NEW QUESTION: 2
By default, what is the STP Forward Delay time in seconds?
A. 0
B. 1
C. 2
D. 3
Answer: A

NEW QUESTION: 3
Which of the following is NOT the rule of integrity?
A. Observe law and make disclosures expected by law.
B. Respect to and contribute to the legitimate objectives of the organization.
C. Perform duty with honesty and responsibility.
D. Knowingly engage in acts that are discreditable to the organization.
Answer: D