Oracle
1Z0-1054 · Question #45
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…
The correct answer is A. Use the General Ledger's Calculation Manager to define an allocation definition to eliminate. See the full explanation below for the reasoning.
Question
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?
Options
- AUse the General Ledger's Calculation Manager to define an allocation definition to eliminate
- BUse the spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and
- CThere is no way to automate this process if the customer is not using Oracle Hyperion Financial
- DCreate a manual journal that includes the eliminating entries, and then create a copy of the journal
How the community answered
(39 responses)- A82% (32)
- B5% (2)
- C3% (1)
- D10% (4)
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