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Exam Code: F3

Exam Name: Financial Strategy

Certification Provider: CIMA

Related Certification: Financial Strategy

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NEW QUESTION: 1
Which of the following statements is NOT correct with regards to event processing? (Choose One)
A. A control must have at least one action set
B. The same action can be performed on different events for the same control
C. An action set always has at least one event and one action
D. Actions attached to an event are executed in the sequence in which they are defined
Answer: A

NEW QUESTION: 2
Your company wants to generate intercompany transactions in USD but only if the amount involved is $3,000 USD or more. Which two intercompany system options are valid?
A. Intercompany invoices will be generated for the minimum accountable amount set at the payable invoice options and receivable system options.
B. Set the intercompany system option minimum transaction amount to $ 3,000 USD.
C. You cannot update the minimum transaction currency when intercompany currency is entered.
D. Set the intercompany system option minimum transaction amount to $2,999.99 USD.
E. Approval rules need to set the allow of the intercompany transactions to be routed to the receiver or provider.
Answer: A,B
Explanation:
Define intercompany system options to set up intercompany processing rules at the enterprise level, based on your specific business needs.
Minimum Transaction Amount
The minimum transaction amount represents a minimum threshold intercompany transaction amount, and prevents the submission of immaterial transactions for small amounts, which are non-value added. In order to implement this rule, you must select a minimum transaction currency for processing intercompany transactions. These two system options must be related to ensure that when comparing a transaction amount to the minimum transaction amount, the two numbers are entered in the same currency, allowing for an accurate comparison.
References:https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49599/F1110451AN99BEF.htm


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