Oracle Exam 1Z0-1054-20 Topic 11 Question 30 Discussion

Actual exam question for Oracle's 1Z0-1054-20 exam

Question #: 30
Topic #: 11

All of your subsidiaries can share the same ledger with their parent company and all reside on the same application instance.

They do perform intercompany accounting. What is Oracle's recommended approach to performing consolidations?

AUse General Ledger's Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiary. Any eliminating entries can be entered in yet another separate balancing segment

BUse Oracle Hyperion Financial Management for this type of complex consolidation

CUse General Ledger's Balance Transfer programs to transfer subsidiary ledger balances to the parent ledger, and then enter eliminating entries as a separate balancing segment in the parent ledger.

DDefine multiple ledgers for consolidation and report on ledger set

Show Suggested Answer

Suggested Answer: A

by Albina at May 05, 2022, 08:27 AM

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