1Z0-516 · Question #68
Your client would like a consolidation process to consolidate operations in the UK and US. Your client requires a summary of transactions from both companies. Company 01 is located in Chicago…
The correct answer is A. Define mapping rules to map Company 01 and Company 02 to Company 90. B. Define an elimination set to include a group of related elimination entries. C. Define a consolidation process using the Global Consolidation System by defining Parent. See the full explanation below for the reasoning.
Question
Your client would like a consolidation process to consolidate operations in the UK and US. Your client requires a summary of transactions from both companies. Company 01 is located in Chicago; Company 02 is located in London. Both companies share only the same calendar. Which actions should be considered when defining the consolidation process for your client? (Choose all that apply.)
Options
- ADefine mapping rules to map Company 01 and Company 02 to Company 90.
- BDefine an elimination set to include a group of related elimination entries.
- CDefine a consolidation process using the Global Consolidation System by defining Parent
- DSelect the transaction method for transferring data from Company 01 to Company 90.
How the community answered
(57 responses)- A74% (42)
- D26% (15)
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