Oracle Exam 1Z0-1054-22 Topic 4 Question 8 Discussion

Actual exam question for Oracle's 1Z0-1054-22 exam

Question #: 8
Topic #: 4

Your customer has a large number of legal entities. The legal entity values are defined in the company segment which represents the primary balancing segment. They want to easily create eliminating entries for their intercompany activity. What would you recommend?

ADefine an intercompany segment in the chart of accounts. The Intercompany module and the Intercompany balancing feature in general ledger and subledger accounting will automatically populate the intercompany segment which the balancing segment value of the legal entity with which you are trading

BThere is no need to define an intercompany segment, the Intercompany module keeps track of the trading partners for you based on the intercompany rules to define

CDefine an intercompany segment and qualify it as the second balancing segment to make sure all entries are balanced for the primary balancing segment and intercompany segment

DThere is no need to define an intercompany segment. You can track the intercompany trading partner using distinct intercompany receivable/payable natural accounts to identify the trading partner

Show Suggested Answer

Suggested Answer: A

by Avery at Aug 24, 2022, 04:28 AM

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