Oracle Financials Cloud: Accounts Payable 2017 Implementation Essentials — Question 30

Which two statements are true about processing corporate card expenses?

Answer options

• A. Conversion rate defaults apply only to cash expenses, not to corporate card expenses.
• B. Usage policy for expense category tolerances does not apply to credit card expenses.
• C. Card transactions will be paid directly from Expenses Cloud.
• D. You can process payment for credit card using Electronic funds transfer, check, or wire.
• E. Conversion rate defaults are applicable to corporate card expenses, just as they are applicable to cash expenses.

Correct answer: A, B

Explanation

Options A and B are correct because conversion rates are only applicable to cash expenses, and usage policies for expense category tolerances do not affect credit card expenses. Options C, D, and E are incorrect because they misrepresent the relationship between expenses and corporate card transactions, particularly regarding payment processing and conversion rates.