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Oracle Exam 1Z0-1054-23 Topic 1 Question 8 Discussion

Actual exam question for Oracle's 1Z0-1054-23 exam
Question #: 8
Topic #: 1
[All 1Z0-1054-23 Questions]

On a primary ledger in the system options close section, the following field has been selected 'Prevent General Ledger Period Closure When Open Subledger Periods Exist'.

For which three subledgers can you opt out of the period close checking feature by using the lookup ORA_GL_INCLD_STRICT_PRD_CLOSE? (Choose three.)

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Suggested Answer: A, B, D

According to Oracle documentation3, you can opt out of the period close checking feature for these three subledgers by using the lookup ORA_GL_INCLD_STRICT_PRD_CLOSE: Receipt accounting, Receivables, and Assets. The period close checking feature prevents you from closing a General Ledger period if there are any open subledger periods that exist for that ledger. You can opt out of this feature for specific subledgers by using the lookup ORA_GL_INCLD_STRICT_PRD_CLOSE and setting the Enabled flag to No for those subledgers. Therefore, options A, B, and D are correct. Option C is incorrect because Revenue Management is not a subledger that can be opted out of the period close checking feature. Option E is incorrect because Order Management is not a subledger that can be opted out of the period close checking feature.


by Lajuana at Apr 19, 2024, 10:24 AM

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Helene
6 months ago
I think Revenue Management could also be one of the options. It involves managing revenue recognition and may require opting out of period close checking.
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Justine
6 months ago
I believe Assets is included because it involves tracking and managing physical and financial assets, which may require flexibility in period close checking.
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Sabine
7 months ago
I'm not sure about Assets being one of the options. Does anyone have a rationale for why Assets would be included?
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Timothy
7 months ago
I agree with Those subledgers are usually the ones where you can opt out of the period close checking feature.
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Justine
7 months ago
I think the answer is Receipt accounting, Receivables, and Assets.
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Tamekia
8 months ago
No, we can't opt out for Assets and Order Management. It's only for the first three subledgers mentioned.
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Nelida
8 months ago
What about Assets and Order Management? Can we opt out for those too?
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Long
8 months ago
I agree with you. Those are the subledgers where you can opt out of the period close checking feature.
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Tamekia
8 months ago
I think the three subledgers are Receipt accounting, Receivables, and Revenue Management.
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