Oracle
1Z0-516 · Question #153
You are implementing Oracle General Ledger at ABC Enterprises. ABC Enterprises is a legal entity and must perform corporate and statutory reporting. It operates in a country that requires companies…
The correct answer is A. Use the primary ledger to satisfy corporate reporting requirements, and then use a secondary. See the full explanation below for the reasoning.
Question
You are implementing Oracle General Ledger at ABC Enterprises. ABC Enterprises is a legal entity and must perform corporate and statutory reporting. It operates in a country that requires companies to have two complete ledgers: one for statutory reporting and another for corporate reporting. Identify the best option for primary and secondary ledgers.
Options
- AUse the primary ledger to satisfy corporate reporting requirements, and then use a secondary
- BUse the primary ledger to satisfy statutory reporting requirements, and then use a secondary
- CUse the primary ledger to satisfy corporate reporting requirements, and then use an adjustment-
- DUse the primary ledger to satisfy statutory reporting requirements, and then use an adjustment-
How the community answered
(55 responses)- A73% (40)
- B16% (9)
- C4% (2)
- D7% (4)
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