Create Requisition with future budget date in unopened Budget/Encumbrance period

Summary

What is the expected behavior when you set the Fail budgetary control for budget dates not in valid budget date range option to Yes?

Content

Original post:  https://cloudcustomerconnect.oracle.com/posts/14ca92cca6

Description:

User created a requisition with a future budget date of 07/2020.  The requisition did not perform budget check as the budget date is not Open.  However, it was approved and created a PO.   The PO has the future budget date as well.  Supplier invoiced against the PO and now is unable to account.     My expectation is that the requisition would not be allowed to submit if the budget/encumbrance date period is not open.