1Z0-1054-26 practice question 24 of 25

Your current Oracle Fusion Cloud implementation project includes the configuration of multiple ledgers per country and the setting up of accounting…

Full set: 143 questions
Your current Oracle Fusion Cloud implementation project includes the configuration of multiple ledgers per country and the setting up of accounting automation to drive journal processing efficiencies. In a particular country (which has a primary, secondary, and multiple reporting currency ledgers), there is a requirement to exclude the country's journal processing from accounting automation. If you enter a ledger set (including all ledgers for that country) on the Exclusion tab of Manage Accounting Automation, what is removed from accounting automation processing?
Answer options
A: Just the primary ledger
B: The secondary and reporting currency ledgers only
C: The primary, secondary, and reporting currency ledgers Correct answer
D: The primary and reporting ledgers only
Correct Answer:
C. The primary, secondary, and reporting currency ledgers
Explanation

The "Manage Accounting Automation" feature is designed to process journals for ledgers automatically. When you define an exclusion rule, you specify which ledgers should be skipped. If you use a ledger set on the exclusion tab, the rule applies to every ledger that is a member of that set. Therefore, if the ledger set contains the primary, secondary, and all associated reporting currency ledgers for a country, the automation process will exclude all of them from its scope.

Why Incorrect

A. The exclusion is not limited to the primary ledger; it applies to all ledgers within the specified ledger set.
B. The exclusion is not limited to only secondary and reporting ledgers; the primary ledger in the set is also excluded.
D. The exclusion is not limited to only primary and reporting ledgers; the secondary ledger in the set is also excluded.

References

1. Oracle Fusion Cloud Financials, Using General Ledger, Release 24B, Chapter: Process Journals, Section: "Accounting Automation". The documentation explains that you can submit the process for a ledger set and that exclusion rules can be defined for a ledger or ledger set.

2. Oracle Fusion Cloud Financials, Implementing General Ledger, Release 24B, Chapter: Define Ledgers, Section: "Ledger Sets". This section clarifies that a ledger set is a group of ledgers treated as one for processing and reporting purposes.

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