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Oracle Exam 1Z0-1054-23 Topic 1 Question 4 Discussion

Actual exam question for Oracle's 1Z0-1054-23 exam
Question #: 4
Topic #: 1
[All 1Z0-1054-23 Questions]

Your customer uses Financials Cloud, Projects, Inventory, and SCM.

Which two statements are true regarding intercompany accounting for these products? (Choose two.)

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Suggested Answer: A, C

According to Oracle documentation1, the following statements are true regarding intercompany accounting for Financials Cloud, Projects, Inventory, and SCM: Each product has its own Intercompany Accounting feature that needs to be configured separately, and Intercompany Balancing Rules are defined centrally and applied across Financials and Projects. Intercompany accounting is the process of recording transactions between related entities within an enterprise or between groups in the same legal entity. Each product has its own Intercompany Accounting feature that enables you to create, process, and reconcile intercompany transactions. Intercompany Balancing Rules are used to generate balancing entries for journals that are out of balance by legal entity or primary balancing segment values. Intercompany Balancing Rules are defined in General Ledger and applied across Financials and Projects. Therefore, options A and C are correct. Option B is incorrect because Intercompany Balancing Rules are not used to balance cross-ledger allocation journals. Option D is incorrect because Intercompany balancing rules in General Ledger do not need to be mapped with the intercompany configuration in each product.


by Alecia at Mar 20, 2024, 12:36 PM

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Sherill
7 months ago
I think option B might also be true. Intercompany Balancing Rules in Financials Cloud are used to balance journals.
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Virgina
7 months ago
I agree with Glen, option C makes more sense for efficient intercompany accounting.
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Glen
7 months ago
I disagree, I believe option C is correct. Intercompany Balancing Rules are defined centrally and applied across Financials and Projects.
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Valene
7 months ago
I think option A is true, each product has its own Intercompany Accounting feature.
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