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NEW QUESTION: 1
Identify two items that are defined in the Common Options in the Payables and Procurement window?
A. Apply Withholding Tax
B. Automatic Offset
C. Discount Allocation Method
D. Conversion Rate Type
E. Payment Terms
Answer: C,D
Explanation:
Common Options for Payables and Procurement are setup options that are used by features throughout the procure-to-pay business flow, such as default accounts, additional legal entity information, accounting options, and self-billed invoices.
Set options for the following:
*Default distributions One option is: / (A) Discount Taken: If you allocate discounts to a single distribution, this account records the discounts you take on payments. Use the Manage Invoice Options page to select the method for distributing discounts for your invoices.
*Offset segments
*Currency conversion
The options you can set for currency conversion:
/ Conversion rate type (E)
/ Require conversion rate entry
/ Realized Gain or Loss Distributions
*Expense accruals
*Self-billed invoices
*Legal entity information
Reference: Oracle Fusion Applications Financials Implementation Guide, Manage Common Options for Payables and Procurement

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