Oracle Exam 1Z0-1054-20 Topic 2 Question 16 Discussion

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

Question #: 16
Topic #: 2

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 recommended approach to performing consolidations?

ATranslate balances to the corporate currency, create a chart of accounts mapping to the corporate chart of accounts, then transfer balances to the corporate consolidation ledger using the balance transfer program

BTranslate balances to the corporate currency for ledgers not in the corporate currency, use General Ledger's Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiary.

CCreate separate ledgers for each subsidiary that shares the same chart of accounts, calendar, currency, and accounting method. Create a separate elimination ledger to enter intercompany eliminations. Then creates a ledger set across all ledgers and report on the ledger set.

DUse Oracle Hyperion Financial Management for this type of complex consolidation.

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Suggested Answer: A

by Fletcher at May 05, 2022, 04:35 PM

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