Oracle
1Z0-516 · Question #166
The Health Department of the United Kingdom is using the cash basis of accounting. After the recent elections, the new government has decided to implement Oracle General Ledger. They want to change…
The correct answer is E. Create a primary ledger with standard accrual, and the secondary ledger with the standard cash. See the full explanation below for the reasoning.
Question
The Health Department of the United Kingdom is using the cash basis of accounting. After the recent elections, the new government has decided to implement Oracle General Ledger. They want to change the accounting method to accrual basis. However, they also want to maintain the cash basis of accounting for reporting purposes. As an implementation consultant, what one recommendation would you make to meet the above requirement?
Options
- ACreate two primary ledgers with the standard cash method.
- BCreate two primary ledgers with the standard accrual method.
- CCreate a primary ledger with standard cash, and a reporting ledger with standard accrual.
- DCreate a primary ledger with the standard accrual method, and a reporting ledger with standard
- ECreate a primary ledger with standard accrual, and the secondary ledger with the standard cash
How the community answered
(54 responses)- A11% (6)
- B2% (1)
- C4% (2)
- D2% (1)
- E81% (44)
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