Valid 1z0-1054-22 Dumps shared by ExamDiscuss.com for Helping Passing 1z0-1054-22 Exam! ExamDiscuss.com now offer the newest 1z0-1054-22 exam dumps, the ExamDiscuss.com 1z0-1054-22 exam questions have been updated and answers have been corrected get the newest ExamDiscuss.com 1z0-1054-22 dumps with Test Engine here:
Budgetary control for accounts 5020 and 5021 has a budget of $90,000USD each for the year 2012. The accounts also have balances on obligation of $10,000 USD for each and an expenditure of $20,000 USD for each. A Fund of $50,000 USD is available for account 5010 only. You have run the Encumbrance Year End Carry Forward process for obligation from the last period of the year 2012 to the first period of year 2013. Which statement is true?
Correct Answer: E
If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward. This is based on the Oracle documentation that states: You can carry forward year-end encumbrances into the following year. You can also carry forward an equivalent budget amount or funds available. When you carry forward year-end encumbrances, the Carry Forward rule you specify determines how General Ledger calculates the amount to be carried forward. You can choose one of the following Carry Forward rules: Encumbrances Only: General Ledger calculates the year-to-date encumbrance balance as of the end of the year and carries that balance forward into the beginning balance of the first period of the next fiscal year. Encumbrances and Encumbered Budget: General Ledger calculates the year-to-date encumbrance balance as of the end of the year and carries forward that balance, plus an equivalent budget amount, into the beginning balance of the first period of the next fiscal year. Funds Available: General Ledger calculates the funds available as the year-to-date budget balance less year-to-date actual and encumbrance balances. General Ledger then carries forward that amount into the beginning balance of the first period of the next fiscal year1. In this case, if you have used the Encumbrances Only rule, then only the obligation of $10,000 USD for each account will be carried forward. The budget balances, expenditure balances, and funds available will not be carried forward. The other options are incorrect because they do not match any of the Carry Forward rules described in the documentation.