Oracle Exam 1Z0-516 Topic 6 Question 28 Discussion

Actual exam question for Oracle's 1Z0-516 exam

Question #: 28
Topic #: 6

[All 1Z0-516 Questions]

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

Verify that all journals are posted.

Close the period of each subledger.

Run the Trial Balance report and other month-end reports.

Close the period and open the next period.

Perform reconciliation of subsidiary ledgers.

Transfer and import data from all subledgers.

A6, 5, 2, 1, 4, 3

B3, 2, 1, 6, 4, 5

C6, 5, 1, 3, 2, 4

D6, 5, 2, 1, 3, 4

E6, 2, 3, 1, 5, 4

Show Suggested Answer

Suggested Answer: D

by Luke at Sep 11, 2024, 09:22 PM

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Vashti

2 months ago

Hmm, I see your point. Maybe I should reconsider my answer.

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Pilar

2 months ago

I agree with Ezekiel, I think C) 6, 5, 1, 3, 2, 4 makes more sense.

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Ezekiel

2 months ago

But don't you think closing the period of each subledger should come before running month-end reports?

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Janessa

2 months ago

Wait, is this test open-book? I'm about to start flipping through my Oracle manual real quick.

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Annice

2 months ago

Hmm, I bet the answer involves closing the period at some point. Just a wild guess though!

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Desmond

2 months ago

Hold up, is there a 'none of the above' option? This is way too confusing.

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Fidelia

26 days ago

Melodie: Yeah, maybe we should review the tasks again.

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Cecily

1 months ago

User 3: I'm not sure, but I think we should double-check the steps.

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Melodie

1 months ago

User 2: No, I believe it's option C.

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Sharika

1 months ago

I think the correct sequence is option D.

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Adria

2 months ago

Easy peasy, option A all the way! I've got this period closing thing down.

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Ryan

1 months ago

Kati: Finally, I close the period and open the next period. Option A is the way to go!

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Shakira

2 months ago

After that, I run the Trial Balance report and other month-end reports.

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Kati

2 months ago

Then I close the period of each subledger.

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Teri

2 months ago

I always start by verifying that all journals are posted.

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Tran

3 months ago

Whoa, this is a tricky one! I'm gonna go with C just to shake things up a bit.

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Vashti

3 months ago

I disagree, I believe it is B) 3, 2, 1, 6, 4, 5.

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Brande

3 months ago

I think the correct sequence is D. It makes the most logical sense to me.

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Leandro

2 months ago

I agree with you, D seems to be the most logical choice.

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Heike

2 months ago

I'm going with option A.

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Ardella

2 months ago

I think it's actually C.

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Vincent

2 months ago

I believe the correct sequence is D.

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Ezekiel

3 months ago

I think the correct sequence is A) 6, 5, 2, 1, 4, 3.

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