Oracle Exam 1Z0-342 Topic 5 Question 87 Discussion

Actual exam question for Oracle's 1Z0-342 exam

Question #: 87
Topic #: 5

When are Fixed Asset entries posted to the General Ledger? (select 2)

AWhen an asset is acquired

BWhen disposing of an asset

CInformation from Fixed Assets does not flow to the General Ledger

DWhenever the General Ledger post program is run, regardless of the application for which it is run

Show Suggested Answer

Suggested Answer: A, B

by Gladys at Mar 06, 2024, 08:57 PM

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6 months ago

I disagree with that. Fixed Asset data should definitely flow to the General Ledger for accurate financial reporting.

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6 months ago

I think information from Fixed Assets does not flow to the General Ledger directly.

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7 months ago

Yes, that's correct. Disposing of an asset will result in a corresponding journal entry.

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7 months ago

I believe Fixed Asset entries are also posted when disposing of an asset.

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7 months ago

I agree, that makes sense. The acquisition of an asset should definitely trigger a journal entry.

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7 months ago

I think Fixed Asset entries are posted to the General Ledger when an asset is acquired.

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