Oracle Exam 1Z0-516 Topic 3 Question 39 Discussion

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

Question #: 39
Topic #: 3

ABC Inc.'s calendar is the fiscal year. They also use Average Balance Processing.

ABC's accrual category is defined with AutoReversal, with the reversal period as the next day, and an effective date rule of roll.

An accrual journal entered on 29-Apr-05 will be reversed on the __________.

Afirst day of the next period

Bnext day in the same period

Cnext business day in the same period

Dnext business day in the same period or the next period, based on the transaction calendar

Show Suggested Answer

Suggested Answer: B

by Carlton at Feb 11, 2025, 03:46 PM

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Jettie

5 days ago

I'm not entirely sure about this one. The 'roll' effective date rule is throwing me off a bit. I'm leaning towards D, just to be on the safe side.

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Lynelle

16 days ago

I'm not sure, but I think Tegan's rationale makes sense. It could depend on the transaction calendar.

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Tegan

19 days ago

I disagree, I believe the answer is D) next business day in the same period or the next period, based on the transaction calendar.

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Lera

20 days ago

Hmm, I think the answer is B. The question clearly states that the reversal period is the next day, so the accrual journal entered on 29-Apr-05 should be reversed on the next day in the same period.

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Golda

1 days ago

I think the answer is B.

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Willis

25 days ago

I think the answer is C) next business day in the same period.

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