When configuring the allocation and periodic entries, which three tasks must be completed before
generating the entries?
A.
The period is set to Open or Future Enterable
B.
The rules or rules sets have been defined, validated and deployed successfully from the
Allocation Manager.
C.
The period is set to Open, Never Open or Future Enterable.
D.
The journal balances for the allocation or periodic rules are entered and posted in the proper
period.
E.
The period is set to Closed, Never Open or Future Enterable.
Explanation:
Prior to generating the allocation and periodic entries, the following tasks must be
completed:
* (A) The period is set to Open or Future Enterable. You post in open periods, but generation can
take place in either an open or future enterable period.
* (B) The rules or rules sets have been defined, validated, and deployed successfully from the
Allocation Manager.
* (D) The journal balances, that are inputs for the allocation or periodic rules, are entered and
posted in the proper period.Note on B:In Oracle Fusion General Ledger, use the Allocation Manager to create allocations and
other formulaic journal templates for generating periodic journal entries automatically. Base
formulas on multiple criteria. For example, use account balances or statistical amounts to allocate
shared revenue or costs across multiple organizational units and ledgers. Define complex
computations based on variables from different charts of accounts. Group journal formulas
together and execute sequentially to update account balances in a step-by-step process.
Oracle Fusion Applications Financials Implementation Guide, Generating Allocations
and Periodic Entries Manually: Worked Example