1Z0-333 · Question #61
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…
The correct answer is D. The purchase order is liquidated and the invoice is Partially Reserved. 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…
Question
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?
Options
- AThe purchase order is Partially Liquidated and the invoice is Partially Reserved.
- BThe purchase order is Partially Liquidated and the invoice will be reserved.
- CBoth are reserved.
- DThe purchase order is liquidated and the invoice is Partially Reserved.
- EThe purchase order is Open and the invoice is validated.
How the community answered
(41 responses)- A10% (4)
- B7% (3)
- C2% (1)
- D78% (32)
- E2% (1)
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 https://docs.oracle.com/cd/E60665_01/financialscs_gs/FAPPP.pdf (Page 115)
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