A. You must define rules for every combination of specific categories and sources. Otherwise, the intercompany balancing will not work. B. You can create a rule for all sources and categories by selecting the source "Other" and the category "Other." C. If you choose to have rules at various levels, then intercompany balancing evaluates the rules in this order: Ledger, Legal Entity, chart of accounts, and primary balancing segment value.
D. Set up a chart of accounts rule for every chart of accounts structure you have in order to ensure that Intercompany Balancing will always find a rule to use to generate balancing accounts. Answer: A, C QUESTION: 70 In Financials Cloud, which three reporting tools can be used to access General Ledger balances? A. Application Composer B. Oracle Enterprise Repository C. Oracle Transactional Business Intelligence D. Financial Reporting Studio E. Smart View Answer: C, D, E QUESTION: 71 Your customer has many eliminating entries to eliminate intercompany balances. The General Ledger does not include a purpose-built Consolidation feature. How would you automate the process of creating eliminating entries, assuming your customer is not using Oracle Hyperion Financial Close Management? A. Use the General Ledger's Calculation Manager to define an allocation definition to eliminate entries that you can generate every period. B. Use the spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and import the spreadsheet with the eliminating entries every period. C. There is no way to automate this process if the customer Is not using Oracle Hyperion Financial Close Management.
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- Fall '20
- Accountancy journals and ledgers, Subledger Journal