Which task must be completed before generating the allocation and periodic entries?

You have created allocution and periodic journal entry definitions for several monthly entries. You
are now ready to generate allocation entries. Which task must be completed before generating the
allocation and periodic entries?

A.
Set the period to Close or Open.

B.
Define, validate and deploy the rules or rule sets successfully from Allocation Manager.

C.
Enter and post the journal balances for Mass Allocation in the Close period.

D.
Manually set the last day of the submission period as the Accounting Date and Calculation
effective Date.

Explanation:
Creating Allocation Entries
You can allocate amounts from any cost pool (revenues, expenses, assets, or liabilities) to various
accounts using recurring journals and MassAllocation formulas.
With a recurring journal entry formula, you define a separate journal entry for each allocation. You
can group related allocation entries together in a recurring journal batch.
With MassAllocations, you define one formula to generate allocation journal entries for a group of
cost centers, departments, divisions, and so on. You define the allocation pool, the allocation
formula, and the target and offset accounts for each MassAllocation formula. You can also group
combine related MassAllocation formulas into batches.
Using recurring journal entry and MassAllocation formulas, you can perform a variety of
allocations, including:
Net Allocations
Step-Down Allocations
Rate-Based Allocations
Usage-Based Allocations

Standard Costing Allocations
Oracle Applications, General Ledger, Creating Allocation Entries