You create a budget cycle time span that is based on the fiscal calendar from July 2014 through June 2015 How many budget models can be used for the budget cycle?

The correct answer is C. Only one. You can assign a budget model to a budget cycle to perform budget checking for the budget cycle. Only one budget model can be in use for a budget cycle.

Set up and Configure the General Ledger

Question

Options

AOne for each budget model and fiscal period combination
BOne for each fiscal period
COnly one
DOne for each budget model

How the community answered

(61 responses)

A
5% (3)
B
10% (6)
C
70% (43)
D
15% (9)

Explanation

You can assign a budget model to a budget cycle to perform budget checking for the budget cycle. Only one budget model can be in use for a budget cycle.

Topics

#budget cycle#budget model#fiscal calendar#budget time span

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