Oracle Exam 1Z0-516 Topic 2 Question 16 Discussion

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

Question #: 16
Topic #: 2

[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 Jess at Apr 14, 2024, 06:43 AM

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Kathryn

12 months ago

I think it could also be the Legal Entity, as it represents the legal structure of the organization and is responsible for its financial and legal obligations.

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Emilio

12 months ago

I agree with the Bank Account should be owned by the Operating Unit for better control and management.

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Tu

12 months ago

Well, the Bank Account is usually associated with the day-to-day operations of the business, which falls under the Operating Unit.

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Dahlia

1 years ago

Oh, really? What's your reasoning behind that?

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Tu

1 years ago

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

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Dahlia

1 years ago

I think the Bank Account is owned by Legal Entity.

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Carin

1 years ago

That could be a possibility, as the Balancing Entity is responsible for consolidating accounting information.

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Emogene

1 years ago

I think it's actually the Balancing Entity that owns the Bank Account.

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Lawanda

1 years ago

But doesn't the Legal Entity have the responsibility for all financial transactions?

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Carin

1 years ago

I disagree, I believe the Bank Account is owned by Operating Unit.

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Lawanda

1 years ago

I think the Bank Account is owned by Legal Entity in the Multi-Org model.

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Teri

1 years ago

What is this, a trick question? I bet the answer is 'E) Business Group'. They're always trying to catch us out with those curveballs.

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Teresita

1 years ago

Hmm, I'm not so sure about that. I think it might be the Operating Unit that owns the Bank Accounts. Gotta keep those transactions separate, you know?

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