1Z0-516 · Question #664
Jason, the corporate controller of ABC.com where you are implementing Oracle General Ledger, Accounts Payable, an Accounts Receivable, is very excited about the Global Intercompany System (GIS). He…
The correct answer is D. You can set up GIS so that the sender's transactions do not need to be approved by the receiver. F. Each company that uses GIS must be set up as a subsidiary that is associated with a balancing G. You can optionally send notifications to a defined user or responsibility when an intercompany. See the full explanation below for the reasoning.
Question
Jason, the corporate controller of ABC.com where you are implementing Oracle General Ledger, Accounts Payable, an Accounts Receivable, is very excited about the Global Intercompany System (GIS). He wrote some notes from a conversation with his accounting manager about GIS. He wants you to validate which points he has written down about GIS are true. Identify Jason's three correct points. (Choose three.)
Options
- AGIS enables intercompany transactions to be approved after transfer from AP and AR.
- BUnlike intercompany accounting within the same set of books, GIS only works between sets of
- CIntercompany journals are created automatically as soon as they are approved.
- DYou can set up GIS so that the sender's transactions do not need to be approved by the receiver.
- EIf a sender approves the transaction but the receiver rejects it, the transaction is recalled.
- FEach company that uses GIS must be set up as a subsidiary that is associated with a balancing
- GYou can optionally send notifications to a defined user or responsibility when an intercompany
How the community answered
(40 responses)- A3% (1)
- B15% (6)
- C5% (2)
- D75% (30)
- E3% (1)
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