QUESTION: 45 Topic: 1

Select the correct sequence of tasks required for period closing in Oracle General Ledger.

1. Verify that all journals are posted.
2. Close the period of each subledger.
3. Run the Trial Balance report and other month-end reports.
4. Close the period and open the next period.
5. Perform reconciliation of subsidiary ledgers.
6. Transfer and import data from all subledgers.

6, 5, 2, 1, 4, 3
3, 2, 1, 6, 4, 5
6, 5, 1, 3, 2, 4
6, 5, 2, 1, 3, 4
6, 2, 3, 1, 5, 4

Answer(s): D

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QUESTION: 46 Topic: 1

Your manager has asked you to create a period close process that maximizes the efficiency of your two staff members and minimizes the number of closing days. Identify two sets of subledgers that can be closed concurrently. (Choose two.)

Payables and Assets
Projects and Payables
Inventory and Receivables
Payables and Receivables
Order Management and Projects

Answer(s): D,E

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QUESTION: 47 Topic: 1

Which four attributes are validated during the Journal Import process? (Choose four.)

period
approval level
balanced journal
cross-validation rule
account combination
journal sequence number

Answer(s): A,C,D,E

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QUESTION: 48 Topic: 1

You have a new employee in the buying department. She set up a number of item numbers and chose not to flag them for invoicing. Several transactions have been completed in Order Management by using these new item numbers. What effect would this event have on the Receivables closing process?

The transactions would be flagged as exceptions.
The transactions would be deleted from the system.
The transactions would prevent Receivables from being closed.
The transactions would prevent Order Management from being closed.

Answer(s): A

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Free Oracle 1Z0-517 Exam Braindumps (page: 13)

QUESTION: 45 Topic: 1

QUESTION: 46 Topic: 1

QUESTION: 47 Topic: 1

QUESTION: 48 Topic: 1

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