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NEW QUESTION: 1
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. Enter and post the journal balances for Mass Allocation in the Close period.
C. Define, validate and deploy the rules or rule sets successfully from Allocation Manager.
D. Manually set the last day of the submission period as the Accounting Date and Calculation effective Date.
Answer: B
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
Reference: Oracle Applications, General Ledger, Creating Allocation Entries
NEW QUESTION: 2
What is the full form of QTIP as in "QTIP Trust"?
A. Qualifier Terminable Interest Partition
B. Qualified Terminable Interest Partition
C. Qualifier Terminable Interest Property
D. Qualified Terminable Interest Property
Answer: D
NEW QUESTION: 3
Your application currently stores data on an unencrypted EBS volume. A new security policy mandates that all data must be encrypted at rest. How can you encrypt the data?
A. Stop the instance. Detach the volume. Modify the EBS settings to encrypt the volume. Reattach the volume. Start the instance.
B. Create a snapshot of the volume. Create a new, encrypted volume from the snapshot. Replace the volume.
C. Modify the EBS settings to encrypt the volume. You do need to detach the volume or stop the instance.
D. Create a snapshot of the volume. Make an encrypted copy of the snapshot. Create a new volume from the new snapshot. Replace the volume.
Answer: C
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