Oracle
1Z0-516 · Question #25
Joe is the controller of ABC.com, your client. He is anxious to see you demonstrate the basic functionality of General Ledger with a set of books that somewhat reflects his company's business. Tell…
The correct answer is B. accounting calendar with periods and fiscal year end F. retained earnings account H. company organization structure for Chart of Accounts J. the base (functional) currency of his company. See the full explanation below for the reasoning.
Question
Joe is the controller of ABC.com, your client. He is anxious to see you demonstrate the basic functionality of General Ledger with a set of books that somewhat reflects his company's business. Tell him the minimum four pieces of information you need from him, to create a set of books for your demonstration. (Choose four.)
Options
- Anumber of accounting periods
- Baccounting calendar with periods and fiscal year end
- Ccurrencies that his company has transactions in
- Dcurrency conversion rates
- Esuspense account
- Fretained earnings account
- Gintercompany account
- Hcompany organization structure for Chart of Accounts
- Jthe base (functional) currency of his company
How the community answered
(28 responses)- B71% (20)
- C11% (3)
- E14% (4)
- G4% (1)
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