Oracle Exam 1Z0-520 Topic 7 Question 82 Discussion

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

Question #: 82
Topic #: 7

Identify the correct sequence of steps in the purchase order period close business flow.

A1. Review the Uninvoiced Receipts report. > 2. Process period-end accruals. > 3.
Close the purchasing period. > 4. Process remaining inventory transactions and close the inventory accounting period. > 5. Run the Accrual Rebuild Reconciliation report. > 6. Write off accrued transactions as necessary. > 7. Create a manual journal entry for write-offs.

B1. Review the Uninvoiced Receipts report. > 2. Process period-end accruals. > 3.
Close the purchasing period. > 4. Run the Accrual Rebuild Reconciliation report. > 5. Write off accrued transactions as necessary. > 6. Create a manual journal entry for write-offs. > 7. Process remaining inventory transactions and close the inventory accounting period.

C1. Process remaining inventory transactions and close the inventory accounting period. > 2. Run the Accrual Rebuild Reconciliation report. > 3. Write-off accrued transactions as necessary. > 4. Create a manual journal entry for writeoffs. > 5. Review the Uninvoiced Receipts report. > 6. Process period-end accruals. > 7. Close the purchasing period.

D1. Process remaining inventory transactions and close the inventory accounting period. > 2. Review the Uninvoiced Receipts report. > 3. Process period-end accruals. > 4. Close the purchasing period. > 5. Run the Accrual Rebuild Reconciliation report. > 6. Write-off accrued transactions as necessary. > 7. Create a manual journal entry for write-offs.

Show Suggested Answer

Suggested Answer: C

by Timothy at Nov 14, 2024, 12:28 AM

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