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Question ID 3174

A Ledger is a financial reporting entity. What is new in Oracle E-Business Suite Release 12 that facilitates generation of accounting entries?
 

Option A

A.    Ledger
 

Option B

B.    Chart of Accounts
 

Option C

C.    Multi-Org Structure
 

Option D

D.    Accounting Convention
 

Option E

E.    Financial Accounting Calendar
 

Correct Answer D
Explanation


Question ID 3175

ABC Corp. has set up the Asset Category Key Flexfield. It has also set up a Descriptive Flexfield to store vehicle information associated with the asset category "Vehicle." Identify two correct statements (Choose two.)
 

Option A

A.    The setting up of the Descriptive Flexfield Is mandatory.
 

Option B

B.    The Asset Category Flexfield is owned by the Orade Assets module.
 

Option C

C.    The Descriptive Flexfield attributes are associated with tables in the Orade Assets module.
 

Option D

D.    Only the Asset Category Key Flexfield is associated with tables In the Oracle Assets module
 

Correct Answer B,C
Explanation

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