Oracle 1z0-1160-1 Question Answer
What is the purpose of the Oracle Fusion Cloud ERP Period Close process?
To automate supplier payments
To ensure accurate financial reporting at the end of accounting periods
To track employee expenses
To manage customer collections
Comprehensive and Detailed Explanation:
The Period Close process’s purpose is:
To ensure accurate financial reporting at the end of accounting periods (B):Finalizes transactions and balances for reporting compliance.
Automate supplier payments (A):Handled by Payables.
Track employee expenses (C):Managed by Expenses.
TESTED 09 Jul 2025
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