Identify three features of Expenses regarding expense report approvals.
A.
Enforce Receipts received automatically before approval
B.
Review of Cost Center and Project Allocations
C.
Integration with Fusion Imaging and Process Management
D.
Automatic conversion to User Preferred currency
E.
Spotting of issues, thus facilitating informed decisions using previous expense patterns
Explanation:
A: Specifying a Receipt Required Policy
If your accounts payable department requires a receipt for each expense, then you must specify
the following for each expense type that you define in the Create Expense Type page:
A receipt requirement rule that reflects your company’s receipt policy. A receipt can be required for
cash only or corporate card and cash.
An expense amount, above which a receipt is required
Warning and error tolerance percentages so the application knows when to warn the user, if
opted, of a receipt required policy violation or, in the case of an error, actually prevent submission
of the expense report
Warnings are tracked by the application. You can view them in the Expense Items region of the
Edit Expense Report page, whereas errors are not tracked because they prevent submission of
the expense report.
B: Approval by Cost Center Owners in Parallel Mode
The predefined ruleset for approval of expense reports by cost center owners is called
CostCenterApprovalStage : CostCenterRuleSet. This ruleset has the following predefined rules:
If the total amount charged to cost centers other than the employee’s default cost center is more
than zero, the expense report is sent to the cost center owner for approval.
If expenses are charged to a cost center other than the employee’s default cost center, the
applicable cost center owners receive the approval notification in parallel. The approval is
complete when all cost center owners identified as approvers have approved the expense report.
If the cost center of the expenses is the same as the default cost center of the employee,
automatic response is generated indicating that there is no cost center-specific approval.D: Specifying a Conversion Rate Policy
You can define conversion rate behavior for each business unit in your company. These
definitions enable you to enforce conversion rate policies and to validate the conversion rates that
employees enter for foreign currency receipts. If you enter a conversion rate value in an expense
report, or override a defaulted value, the value you enter is validated against the current
conversion rate definitions.
You specify the following conversion rate behavior in the Edit Conversation Rates and Policies
page:
Type of conversion rate, whether Corporate, Spot, or User
Whether you want the conversion rate to default onto a newly created expense report
Oracle Fusion Applications Financials Implementation Guide , Define Expense Policies
and Rules