1Z0-516 · Question #169
You are hired to implement Oracle General Ledger at Active Corporation. It has two offices: in the US (East) and the US (West). They have one primary ledger for their US operations. They want to…
The correct answer is D. Assign an adjustment-only ledger to the existing accounting setup for the US legal entities. E. Use ledger sets to combine primary and secondary ledgers to get the complete management. See the full explanation below for the reasoning.
Question
You are hired to implement Oracle General Ledger at Active Corporation. It has two offices: in the US (East) and the US (West). They have one primary ledger for their US operations. They want to maintain an additional ledger for management reporting and analysis purposes. They want all their department managers in the US to use the additional ledger to book internal management adjustments that are not published in their financial statements. Choose two statements that are true in the given scenario. (Choose two.)
Options
- AThe secondary ledger contains day-to-day transactions.
- BThe primary ledger must contain only management adjustments.
- CThe secondary ledger represents the complete management picture.
- DAssign an adjustment-only ledger to the existing accounting setup for the US legal entities.
- EUse ledger sets to combine primary and secondary ledgers to get the complete management
How the community answered
(57 responses)- A12% (7)
- B4% (2)
- C5% (3)
- D79% (45)
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