Which method will reverse accruals in the next accounting period?
A.
Create two events, one for accrual and another for the reversal.
B.
Create one entry and use Accrual Reversal GL Date.
C.
Create one event and use the Accounting Reversal attribute.
D.
Create one event and use the GL functionality to perform the reversal.
Explanation:
The Accrual Reversal GL Date accounting attribute is relevant to applications using
the accrual reversal feature.
When the accrual reversal GL date accounting attribute returns a value, the Create Accounting
program generates an entry that reverses the accrual entry.
Note:
* If an invoice is not entered by period end, the Receipt Accruals – Period End process will
generate accruals and transfer the accounting for them to the GL Interface. Use the Journal Import
program to create unposted journals. This journal is created with a reversal date in a subsequent
period. The journal must be reversed so your receipt liability is not overstated.
Oracle Financial Services Accounting Hub Implementation Guide, GL Date Accounting
Attributes