Oracle Exam 1Z0-516 Topic 7 Question 33 Discussion

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

Question #: 33
Topic #: 7

John has created two ledgers: one primary and one secondary. The primary ledger stores transactional data and the secondary ledger stores only adjustments. The secondary ledger shares the same chart of accounts, accounting calendar or period-type combination, and currency as the associated primary ledger.

John wants to obtain a complete accounting representation that includes both transactional data and adjustments while running reports. Identify the best option.

AMerge the primary ledger and the secondary ledger, and run reports.

BTransfer adjustment data from the secondary ledger to the primary ledger while running reports.

CTransfer transactional data from the primary ledger to the secondary ledger while running reports.

DUse ledger sets to combine the adjustments-only secondary ledger with the primary ledger when running reports.

Show Suggested Answer

Suggested Answer: D

by Sang at Sep 15, 2024, 04:57 PM

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Paulina

2 months ago

I believe using ledger sets to combine the adjustments-only secondary ledger with the primary ledger is the most logical choice.

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Keneth

3 months ago

I disagree, transferring adjustment data from the secondary ledger to the primary ledger seems more efficient.

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Elouise

3 months ago

You know what they say, 'keep it simple, stupid'. Option D is the clear winner here. Why make things harder than they need to be?

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Nicholle

2 months ago

Using ledger sets is definitely the way to go for a complete accounting representation.

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Tuyet

2 months ago

Yeah, merging the ledgers just complicates things unnecessarily.

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Erick

2 months ago

I agree, option D seems like the most straightforward solution.

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Leah

3 months ago

I think the best option is to merge the primary ledger and the secondary ledger.

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Cherry

3 months ago

Hold up, what about Option C? Transferring transactional data from the primary to the secondary ledger while running reports? That's just asking for trouble, am I right? *laughs*

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Bong

1 months ago

Nobuko: Yeah, that could be a good alternative to consider.

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Diego

2 months ago

Option D might also work. Using ledger sets to combine the adjustments-only secondary ledger with the primary ledger.

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Nobuko

2 months ago

I agree, combining the primary and secondary ledger would give a complete accounting representation.

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Jacquelyne

2 months ago

Option A seems like the best choice. Merge the ledgers and run reports.

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Sunny

3 months ago

I agree, Option D is the best choice. Merging the primary and secondary ledgers or transferring data between them could get messy and complicated.

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Blair

3 months ago

Option D definitely seems like the way to go. Using ledger sets to combine the adjustments-only secondary ledger with the primary ledger is the simplest and most straightforward solution.

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Catalina

2 months ago

Option D definitely seems like the way to go. Using ledger sets to combine the adjustments-only secondary ledger with the primary ledger is the simplest and most straightforward solution.

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Lizette

2 months ago

I agree, using ledger sets to combine the adjustments-only secondary ledger with the primary ledger is the best option for obtaining a complete accounting representation while running reports.

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