Oracle Financial Reporting and Analysis Cloud 2017 Implementation Essentials — Question 38

You have closed the project accounting period with a warning, but you are unable to close the accounting period due to an error. Identify two reasons for this problem. (Choose two.)

Answer options

• A. The corresponding Oracle Payables Cloud accounting period has not been closed.
• B. Transactions entered in an integrated Oracle Cloud Application are accounted, but not yet transferred and imported into Oracle Project Portfolio Management Cloud.
• C. Pending burden summarization items have not been processed.
• D. Unaccounted transactions are not imported.
• E. Unaccounted transactions have not been swept to the next period.

Correct answer: A, E

Explanation

Option A is correct because if the corresponding Oracle Payables Cloud accounting period is still open, it can prevent closing the project accounting period. Option E is also correct since unaccounted transactions that have not been swept to the next period can cause similar issues. The other options either relate to transaction processing or summarization which do not directly prevent the closure of the accounting period.