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NEW QUESTION: 1
To set up the intercompany transaction using the Chart of Account rule, you will have to ___________.
A. specify the chart of accounts intercompany payables only
B. specify the Chart of account intercompany receivables accounts, intercompany payables account the source and the category
C. specify the chart of account intercompany receivables only
D. specify the chart of account intercompany receivables and intercompany payables accounts
Answer: D
Explanation:
Defining intercompany Receivables and Payables accounts is required before using the intercompany feature.
Note:
*You must define Intracompany balancing rules if you want to balance journals automatically. You may define as many or as few balancing rules as you choose, and each balancing rule may have one or many accounting rules.
*Intracompany balancing allows you to define rules according to the business needs of your company. When there are many balancing rules defined, the Balancing API uses an evaluation order to pick the appropriate rule. Once the balancing rule is selected, there may also be several accounting rules that must be evaluated on the balancing rule. The Balancing API uses the same order for evaluating accounting rules, and understanding this evaluation order will help you define your balancing rules and accounting rules.
Reference: Oracle Financials Implementation Guide, Intercompany and Intracompany Balancing

NEW QUESTION: 2

A. Option C
B. Option B
C. Option A
D. Option D
Answer: A

NEW QUESTION: 3
Which of the following Disaster Recovery (DR) sites is the MOST difficult to test?
A. Mobile site
B. Hot site
C. Cold site
D. Warm site
Answer: C