Oracle Exam 1Z0-519 Topic 1 Question 67 Discussion

Actual exam question for Oracle's 1Z0-519 exam

Question #: 67
Topic #: 1

Identify three features of a Balancing Entity. (Choose three.)

ABalance sheets are prepared for a Balancing Entity.

BA Legal Entity may comprise one or more than one balancing segments.

CMultiple Balancing Entities within the same Operating Unit structure is not supported.

DA Balancing Entity is represented as a balancing segment value in the accounting flexfield structure.

EOracle E-Business Suite Release 12 automatically secures balancing segment values within your chart of accounts with specific Legal Entities or Operating Units.

Show Suggested Answer

Suggested Answer: A, B, D

by Devorah at Jun 21, 2024, 05:00 AM

Limited Time Offer

25%

Off

Get Premium 1Z0-519 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Mammie

9 months ago

I agree, and Oracle E-Business Suite Release 12 automatically secures balancing segment values within your chart of accounts with specific Legal Entities or Operating Units.

upvoted 0 times

...

Alonso

10 months ago

I believe a Balancing Entity is represented as a balancing segment value in the accounting flexfield structure.

upvoted 0 times

...

A, D, and E. Easy peasy. Although, I wonder if the Oracle E-Business Suite developers had some fun naming these features. 'Balancing Entities' - sounds like they're trying to keep the books in balance, eh?

upvoted 0 times

...

Fannie

10 months ago

B, C, and D. Wait, what? Multiple Balancing Entities in the same OU? That's news to me. Must be a trick question.

upvoted 0 times

...

Pa

10 months ago

A, D, and E. Definitely the correct answer. Balancing Entities are crucial for financial reporting and control.

upvoted 0 times

Shanice

9 months ago

Balancing Entities play a key role in financial reporting and control.

upvoted 0 times

...

Kayleigh

9 months ago

I agree, A, D, and E are the correct features of a Balancing Entity.

upvoted 0 times

...

Mammie

10 months ago

I think the features of a Balancing Entity include balance sheets being prepared for it.

upvoted 0 times

...

Oracle Exam 1Z0-519 Topic 1 Question 67 Discussion

Contribute your Thoughts:

Mammie

Alonso

Glenn

Fannie

Pa

Shanice

Kayleigh

Mammie