Oracle
1Z0-532 · Question #57
Identify the three true statements about accounts and account types.
The correct answer is A. Financial Management provides predefined account types such as Asset, Revenue, Flow, Balance, B. Account types tell FM how the child account should aggregate to the parent. C. Account types tell FM how the account balances should accumulate over time. See the full explanation below for the reasoning.
Question
Identify the three true statements about accounts and account types.
Options
- AFinancial Management provides predefined account types such as Asset, Revenue, Flow, Balance,
- BAccount types tell FM how the child account should aggregate to the parent.
- CAccount types tell FM how the account balances should accumulate over time.
- DBase level accounts do not automatically roll up to parents; business rules are required.
- EChildren cannot inherit the account type of their parent unless specifically defined by the administrator.
How the community answered
(60 responses)- A82% (49)
- D5% (3)
- E13% (8)
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