Oracle
1Z0-516 · Question #39
Which five statements are true about the elements required for a set of books? (Choose five.)
The correct answer is A. The same segment security rules apply to all segments that use the same value sets and have B. Multiple chart of accounts structures can share the same value sets. C. It is technically possible to use the same balancing segment value in multiple sets of books. G. Adjusting periods are used for journal entries originating in General Ledger only. H. Enable the appropriate functional currency before you define a set of books. See the full explanation below for the reasoning.
Question
Which five statements are true about the elements required for a set of books? (Choose five.)
Options
- AThe same segment security rules apply to all segments that use the same value sets and have
- BMultiple chart of accounts structures can share the same value sets.
- CIt is technically possible to use the same balancing segment value in multiple sets of books.
- DEach set of books must have its own unique accounting calendar defined.
- EPeriod Type Calendar results in fiscal year being used in the system name of accounting periods.
- FGeneral Ledger converts amounts in a foreign currency to functional currency by using Corporate
- GAdjusting periods are used for journal entries originating in General Ledger only.
- HEnable the appropriate functional currency before you define a set of books.
How the community answered
(26 responses)- A69% (18)
- D8% (2)
- E19% (5)
- F4% (1)
Community Discussion
No community discussion yet for this question.