1Z0-517 practice question 18 of 25

Identify three functions that the Create Accounting program provides. (Choose three.)

Answer options

A: validates and creates subledger journal entries Correct answer

B: generates the Posted Journal Report for subledger journal entries

C: transfers final journal entries in the current batch run to General Ledger Correct answer

D: applies the application accounting definitions that are created in Accounting Builder (ABM)

E: allows you to update final journal entries before the Transfer to General Ledger process is run

F: generates the Subledger Accounting Program Report, which documents the results of the Create Accounting program Correct answer

Correct Answer:

A. validates and creates subledger journal entries; C. transfers final journal entries in the current batch run to General Ledger; F. generates the Subledger Accounting Program Report, which documents the results of the Create Accounting program

Explanation

The Create Accounting program in Oracle Subledger Accounting (SLA) processes eligible accounting events to validate and create subledger journal entries (Option A). During its execution, if the "Transfer to General Ledger" parameter is set to 'Yes', the program seamlessly transfers the final subledger journal entries created in that specific batch run directly to the Oracle General Ledger (Option C). Upon completion, the program automatically generates the Subledger Accounting Program Report. This report documents the results of the batch run, providing a comprehensive summary of successfully created entries, transferred entries, and any errors encountered during the accounting process (Option F).

Why Incorrect

B. The program generates the Subledger Accounting Program Report, not the Posted Journal Report, which is a General Ledger specific report used after posting.
D. The correct Oracle Subledger Accounting tool for creating application accounting definitions is the Accounting Methods Builder (AMB), not the fictitious "Accounting Builder (ABM)".
E. Subledger journal entries created in "Final" mode are permanently locked to ensure audit integrity and cannot be updated before or after transfer to the General Ledger.

References

1. Oracle Corporation. (2009). Oracle® Subledger Accounting Implementation Guide, Release 12.1 (Part No. E13627-04). Chapter 8: Create Accounting Program, Section: "Create Accounting Program Parameters" (Details the 'Transfer to General Ledger' parameter).

2. Oracle Corporation. (2009). Oracle® Subledger Accounting Implementation Guide, Release 12.1 (Part No. E13627-04). Chapter 8: Create Accounting Program, Section: "Subledger Accounting Program Report" (Confirms automatic generation and purpose of the report).

3. Oracle Corporation. (2009). Oracle® Subledger Accounting Implementation Guide, Release 12.1 (Part No. E13627-04). Chapter 1: Overview, Section: "Accounting Methods Builder (AMB)" (Clarifies the correct acronym and tool name, invalidating option D).

4. Oracle Corporation. (2009). Oracle® Subledger Accounting Implementation Guide, Release 12.1 (Part No. E13627-04). Chapter 2: Subledger Journal Entries, Section: "Draft and Final Accounting" (Confirms final entries cannot be modified, invalidating option E).

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