MB6-702 · Question #58
You are the administrator for a multinational corporation (MNC). The corporation uses multiplechart of accounts and their corresponding financial dimension sets to meet the requirements of different…
The correct answer is B. Ledger. 1. Click General ledger > Setup > Ledger. 2. Select a chart of accounts. 3. To add an account structure to the ledger, click Add, and then double-click an account You can also click Configure account structures to create account structures. You must select at least one account…
Question
You are the administrator for a multinational corporation (MNC). The corporation uses multiplechart of accounts and their corresponding financial dimension sets to meet the requirements of different regions. Each region is defined as a separate legal entity. You have defined multiple account structures as a combination of chart of accounts and dimensions. You need to assign these account structures to a specific region. Which form should you use to accomplish this goal?
Options
- APosting definitions
- BLedger
- CConfigure account structures
- DLedger allocation rule
How the community answered
(38 responses)- A16% (6)
- B71% (27)
- C8% (3)
- D5% (2)
Explanation
- Click General ledger > Setup > Ledger. 2. Select a chart of accounts. 3. To add an account structure to the ledger, click Add, and then double-click an account You can also click Configure account structures to create account structures. You must select at least one account structure before you can record a source document or journal entry for the legal entity that the ledger is created for. 4. Optional: Select the financial dimension that must be balanced in all accounting entries. If you select a balancing financial dimension, you must select a financial dimension that is included in all account structures that are assigned to the ledger. 5. Select a fiscal calendar for the legal entity. 6. Select an accounting currency and a reporting currency for the legal entity. 7. Select default exchange rate and budget exchange rate types. 8. For each posting type, select a main account. When a currency is revalued, the differences are posted to this account, depending on the posting type.
Topics
Community Discussion
No community discussion yet for this question.