Exam 1z0-1054-23 topic 1 question 5 discussion

Actual exam question from Oracle's 1z0-1054-23

Question #: 5
Topic #: 1

An Oracle Fusion Cloud customer has a complex enterprise structure that includes multiple legal entities in multiple countries. To match the intercompany balancing requirements, all four levels of rules have been defined. In user testing, the business experts are asking which rule will be considered first when balancing an intercompany journal?

A. Ledger-level rule
B. Legal entity-level rule
C. Chart of accounts rule
D. Primary balancing segment rule

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Suggested Answer: C 🗳️

by iornszhou at March 19, 2024, 1:38 p.m.

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satheeshkannandr

1 year, 1 month ago

Selected Answer: D

https://docs.oracle.com/en/cloud/saas/financials/24a/facsf/intercompany-balancing-rules.html#s20032116

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iornszhou

1 year, 1 month ago

D. When balancing an intercompany journal, Oracle Fusion Cloud will first look for a primary balancing segment rule that matches the provider and receiver primary balancing segment values. If such a rule exists, it will be used to generate the intercompany receivables and payables accounts. If not, Oracle Fusion Cloud will look for a chart of accounts rule, then a legal entity-level rule, and finally a ledger-level rule. The primary balancing segment rule has the highest priority and the ledger-level rule has the lowest priority.

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Exam 1z0-1054-23 topic 1 question 5 discussion

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satheeshkannandr

iornszhou

SY0-701