Oracle Financial Reporting and Analysis Cloud 2017 Implementation Essentials — Question 21

You create a contract with two contract lines: Line 1 and Line 2. You create separate bill plans: A for contract Line 1 and B contract for Line 2, with a different bill set number (11 for Bill Plan A and 22 for Bill Plan B).
Then Bill Plan A is allocated against Project X Task 10, and Bill Plan B is allocated against Project Y Task 30.
Based on the preceding setup, you are generating invoices. Identify two correct statements about invoice generation in this scenario. (Choose two.)

Answer options

• A. Both the contract lines create only a single invoice because they are using the same contract.
• B. Two invoices are created using the same contract.
• C. Bill set number drives the grouping of transactions.
• D. Invoice generation does not depend on bill plan. The invoices are created based on the contract line.

Correct answer: B, D

Explanation

The correct answers are B and D. Two invoices are generated because each bill plan is associated with different contract lines and projects. Option A is incorrect as it suggests a single invoice for both lines, which is not the case here, and option C is misleading because the bill set number does not influence the invoice generation, which is based on contract lines.