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.
Solution:
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. 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 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.
Does this meet the goal?
Correct Answer:
A
- (Topic 1)
You learn that you can create action links to drill down from an Oracle Transactional Business Intelligence (OTBI) report to as specific transaction. You decide to test it out when running the payables to ledger reconciliation" Report When you click a specific balance, it directs you to Oracle Payables application where you can view the transactional details about the balance.
What information can you view when using the action link in the "Payables to ledger reconciliation" Report.
Correct Answer:
C
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Which two options can you set the Expense Attachment Preference to, when configuring this functionality in the application?
Correct Answer:
AE
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Which two are predefined response options available to suppliers?
Correct Answer:
BD
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In which three formats is this report available?
Correct Answer:
DEF