Oracle Exam 1Z0-516 Topic 10 Question 34 Discussion

Actual exam question for Oracle's 1Z0-516 exam

Question #: 34
Topic #: 10

[All 1Z0-516 Questions]

In the Multi-Org model of Oracle E-Business Suite Release 12, which organization type owns Bank Account?

ALedger

BLegal Entity

COperating Unit

DBalancing Entity

EBusiness Group

Show Suggested Answer

Suggested Answer: B

by Marti at Oct 18, 2024, 02:24 AM

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Buck

1 months ago

D) Balancing Entity, no doubt! I mean, where else would you keep the money to balance the books, am I right? *winks*

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Annamae

5 days ago

E) Business Group

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Elbert

6 days ago

D) Balancing Entity

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Aleisha

8 days ago

C) Operating Unit

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Lera

9 days ago

B) Legal Entity

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Anglea

21 days ago

A) Ledger

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Peter

1 months ago

Woah, this question is tricky! I'm going to go with B) Legal Entity. Gotta keep those bank accounts under the proper legal umbrella, you know?

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Allene

1 months ago

I believe it's Operating Unit that owns the Bank Account.

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Estrella

1 months ago

Aha! I knew it, it's B) Legal Entity. That's where the bank accounts live, just like my bank account lives with me. *laughs*

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Carlota

9 days ago

Iraida: It's important to remember the organization types in the Multi-Org model.

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Amie

14 days ago

User 3: I always get confused with Operating Unit, but it's actually Legal Entity.

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Iraida

14 days ago

User 2: Legal Entity is the correct answer for Bank Account ownership.

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Omer

16 days ago

I remember now, thanks for the reminder!

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Shawnta

18 days ago

Legal Entity is responsible for financial reporting and compliance.

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Adaline

21 days ago

User 1: Yes, you're right! Bank accounts are owned by Legal Entity.

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Shonda

1 months ago

I always get confused between Legal Entity and Operating Unit.

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Coral

1 months ago

Yes, you're right! Bank accounts are owned by Legal Entity.

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Owen

2 months ago

I think the Bank Account is owned by Legal Entity.

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Denny

2 months ago

I think it's C) Operating Unit. That's where all the financial stuff like bank accounts are handled, right?

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Alise

17 days ago

C) Operating Unit

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Valentin

18 days ago

Yes, you are correct. Bank accounts are indeed owned by Operating Units.

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Earlean

19 days ago

E) Business Group

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Amber

24 days ago

D) Balancing Entity

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Esteban

25 days ago

C) Operating Unit

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Franklyn

1 months ago

B) Legal Entity

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Blondell

1 months ago

A) Ledger

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