1z0-517

1z0-517 practice questions, page 9 of 12, with answer review and explanations.

Question 41

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.

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

Question 42

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.)

  1. Payables and Assets
  2. Projects and Payables
  3. Inventory and Receivables
  4. Payables and Receivables
  5. Order Management and Projects

Question 43

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

  1. period
  2. approval level
  3. balanced journal
  4. cross-validation rule
  5. account combination
  6. journal sequence number

Question 44

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?

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

Question 45

Identify two types of inquiries that are possible on ledger sets. (Choose two.)

  1. variance inquiry
  2. summary template and summary account inquiries
  3. a budget balance inquiry to view the budgeted figures
  4. an account inquiry on ledger sets to view actual accounts balances across multiple ledgers that are assigned to a ledger set
  5. an account inquiry on ledger sets to view encumbrance account balances across multiple ledgers that are assigned to a ledger set