Oracle Planning 2017 Implementation Essentials — Question 64

During your business trip to the UK, you took a taxi ride and paid for it by using your personal Visa credit card. While entering your expenses, you get a warning that a different conversion rate was applied to the taxi expense by Visa than the one used by your company.
How do you handle this situation?

Answer options

• A. Do not enter the taxi expense and call your Finance Department so that they can make changes in the conversation rate settings and you do not violate the allowable limit.
• B. Overwrite the conversion rate with the one Visa provided and enter a justification that Visa used a different conversion rate.
• C. Use the corporate-defines conversion rate even if it means you will not be reimbursed fully.
• D. Call Visa to address the issue and tell them to make adjustments to their conversion rate. Then, wait to get a revised statement.

Correct answer: A

Explanation

The correct answer is A because it ensures compliance with company policies and allows the Finance Department to make necessary adjustments. Option B could lead to discrepancies in expense reporting, while C might result in a financial loss due to incomplete reimbursement. Option D is impractical as it delays resolution and does not directly address the expense entry process.