1Z0-1054 Exam Dumps | All of your subsidiaries can share the same ledger with their parent company and all reside on the same

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Oracle Financials Cloud: General Ledger 2019 Implementation Essentials
Oracle.1z0-1054.v2019-10-06.q30
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Question 25/30

All of your subsidiaries can share the same ledger with their parent company and all reside on the same application instance.
They do perform intercompany accounting. What is Oracle's recommended approach to performing consolidations?

A. Use General Ledger's Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiary. Any eliminating entries can be entered in yet another separate balancing segment

B. Use Oracle Hyperion Financial Management for this type of complex consolidation

C. Define multiple ledgers for consolidation and report on ledger set

D. Use General Ledger's Balance Transfer programs to transfer subsidiary ledger balances to the parent ledger, and then enter eliminating entries as a separate balancing segment in the parent ledger.

Correct Answer: B

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