Oracle Exam 1Z0-516 Topic 8 Question 24 Discussion

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

Question #: 24
Topic #: 8

[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 Thad at Jul 07, 2024, 11:08 PM

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Annabelle

4 months ago

I'm just glad I don't have to close periods for a living. That sounds like a real headache, but at least it's not as bad as doing your taxes.

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Georgene

3 months ago

B) 3, 2, 1, 6, 4, 5

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Rhea

3 months ago

I know, closing periods can be a lot of work.

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Lai

3 months ago

A) 6, 5, 2, 1, 4, 3

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Jamie

4 months ago

Because closing the period and opening the next period should come before running month-end reports.

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Melvin

4 months ago

This is a classic trick question, isn't it? I'm feeling lucky, so I'll go with A. *fingers crossed*

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Glory

4 months ago

Wait, isn't this the same question I struggled with last year? I'll go with C this time, just to mix things up.

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Stephanie

4 months ago

Why do you think option C is correct?

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Sharee

5 months ago

Ah, the age-old question of period closing in Oracle GL. I've got my money on E. Who's with me?

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Gianna

5 months ago

Hmm, I'm not sure. Let me think this through again. B looks good to me, but I'm open to other opinions.

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Kris

4 months ago

Let's review the steps again to make sure we have the right order.

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Noemi

4 months ago

Actually, I think C might be the correct sequence.

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Yong

4 months ago

I agree with you, D seems to be the right order.

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Cory

4 months ago

I think D is the correct sequence.

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Ezekiel

4 months ago

Great, let's go with A then.

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Hana

4 months ago

I agree with you, A seems to be the correct sequence.

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Kallie

4 months ago

Let's break it down step by step. I think it's A.

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Jamie

5 months ago

I disagree, I believe it's option C.

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Stephanie

5 months ago

I think the correct sequence is option D.

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Willow

5 months ago

I think the correct sequence is D. Closing the period and opening the next one should be the last step.

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Hortencia

4 months ago

I think D is the correct sequence. Verifying that all journals are posted should be the first step in period closing.

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Mitsue

4 months ago

I agree with you, C seems to be the correct sequence. Reconciliation of subsidiary ledgers should come before transferring and importing data.

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Jodi

5 months ago

I believe the correct sequence is C. You need to close the period of each subledger before running month-end reports.

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Nelida

5 months ago

I think the correct sequence is D. Closing the period and opening the next one should be the last step.

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