Oracle
1Z0-960 · Question #31
All of your subsidiaries reside on the same application instance, but some of them require a different chart of accounts and/or accounting calendar and currency. There is no minority interest or…
The correct answer is D. Create separate ledgers for each subsidiary that shares the same chart of accounts, calendar. See the full explanation below for the reasoning.
Question
All of your subsidiaries reside on the same application instance, but some of them require a different chart of accounts and/or accounting calendar and currency. There is no minority interest or partial ownerships. What is Oracle's recommend approach to performing consolidations?
Options
- AUse Oracle Hyperion Financial Management for this type of complex consolidation.
- BTranslate balances to the corporate currency, create a chart of accounts mapping to the
- CTranslate balances to the corporate currency for ledgers not in the corporate currency, use
- DCreate separate ledgers for each subsidiary that shares the same chart of accounts, calendar,
How the community answered
(35 responses)- A11% (4)
- B3% (1)
- C6% (2)
- D80% (28)
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