Oracle Exam 1Z0-520 Topic 9 Question 60 Discussion

Actual exam question for Oracle's 1Z0-520 exam

Question #: 60
Topic #: 9

Which four are true about the Future Periods field in the Financials Options window? (Choose four.)

AYou cannot import or enter invoices in a future period.

BYou can import/enter invoices in future periods, pay and create accounting entries for them.

CYou can change this number to the maximum number of future periods you want to allow in Payables.

DYou can import/enter invoices in future periods but you cannot pay or create accounting entries for them.

EThe first time you enter this field, Payables defaults the number of future periods you use in your Ledger as a default.

FPayables uses this value to limit the number of future periods you can maintain in the Control Payables Periods window.

GAfter you change the status of a future period to Open, you can change it back to Future only if you did not create any transactions in that period.

Show Suggested Answer

Suggested Answer: C, D, E, F

by Lucina at Feb 13, 2024, 01:18 PM

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Annabelle

5 months ago

I see, option E provides insight into how Payables sets the default number of future periods. It's important to understand for efficient financial management.

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Jerry

5 months ago

Option E also seems correct. Payables defaults the number of future periods based on the Ledger.

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Mollie

6 months ago

Yes, option C seems logical. It gives flexibility to adjust the number of future periods allowed.

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Annabelle

6 months ago

I think option C is also true. You can change the number of future periods you want to allow in Payables.

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Jerry

6 months ago

I agree with option A. It makes sense that you cannot enter invoices in a future period.

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Mollie

6 months ago

I think option A is true because you cannot import or enter invoices in a future period.

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Carlee

6 months ago

I think that option might be true, as it makes sense to have a limit on future periods.

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Amos

6 months ago

I'm not sure about option F though, Payables using the value to limit future periods.

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Glen

6 months ago

Yes, I believe both options B and C are correct.

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Florencia

7 months ago

But isn't option C also true? we can change the number of future periods allowed in Payables.

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Carlee

7 months ago

I agree, we can import/enter invoices, pay and create accounting entries in future periods.

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Amos

7 months ago

I think option B is true.

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