Oracle
1Z0-516 · Question #155
You have been asked to demonstrate the basic functionality of Oracle General Ledger with a ledger that reflects XYZ Company's business. Select four data elements that you would need to obtain from…
The correct answer is C. the retained earnings account E. the base (functional) currency of the company F. the accounting calendar with periods and the fiscal year-end G. the company organization structure for the chart of accounts. See the full explanation below for the reasoning.
Question
You have been asked to demonstrate the basic functionality of Oracle General Ledger with a ledger that reflects XYZ Company's business. Select four data elements that you would need to obtain from XYZ Company to create a ledger for your demo. (Choose four.)
Options
- Athe suspense account
- Bthe intercompany account
- Cthe retained earnings account
- Dthe number of accounting periods
- Ethe base (functional) currency of the company
- Fthe accounting calendar with periods and the fiscal year-end
- Gthe company organization structure for the chart of accounts
How the community answered
(15 responses)- A7% (1)
- B7% (1)
- C73% (11)
- D13% (2)
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