D. Create a manual Journal that includes the eliminating entries, and then create a copy of the Journal batch every period. Answer: C QUESTION: 72 What are the two purposes of a secondary ledger? (Choose two.)
A. It can differ from its primary ledger by the accounting method, chart of accounts, accounting calendar, currency, and/or journal processing options. B. It should only be used to maintain balances for processing performance. C. It is used to main balances in a different currency only. D. It should not be used when trying to meet local accounting requirements. E. It is an optional ledger that is linked to a primary ledger for the purpose of tracking alternative accounting. Answer: A, E QUESTION: 73 How can your Accounting Manager expedite journal processing during the time-critical month-end close? A. by using the Close Status monitor to drill down on the close status across ledgers B. by using the Journals region to view journals Requiring Attention, Requiring Approval, and Pending Approval from Others C. by running the Journals report using Business Intelligence Publisher D. by creating an ad hoc query on journals using Oracle Transactional Business Intelligence (OTBI) Answer: C QUESTION: 74 Journal Description Rules ate assigned to Subledger Journal Entry Rule Sets. What are the other three subcomponents of a Subledger Journal only Rule Set? A. Accounting Date B. Chart of Accounts C. Journal line Rules D. Account Rules E. Supporting References Answer: C, D, E QUESTION: 75 You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
You've reached the end of your free preview.
Want to read all 6 pages?
- Fall '20
- Accountancy journals and ledgers, Subledger Journal