Oracle Financials Cloud: General Ledger 2017 Implementation Essentials — Question 46

A Billing Specialist creates an adjustment for an incorrect invoice that exceeds a users approval limit.
What is the status of the adjustment?

Answer options

• A. Pending Approval
• B. Forwarded for Approval
• C. Pending Research
• D. Approval Required

Correct answer: A

Explanation

The correct answer is 'Pending Approval' because the adjustment needs to be reviewed and authorized due to it exceeding the user's approval limit. The other options do not accurately represent the status, as 'Forwarded for Approval' implies it has been sent to another party, 'Pending Research' indicates further investigation is needed, and 'Approval Required' does not specify the current status of the adjustment.