1Z0-1056-26 practice question 3 of 10

When discussing the Receivables to Ledger Reconciliation Report with your customer, you are asked a number of questions about how to run the report. Which statement is true?

Answer options

A: You can exclude unidentified receipts, but you cannot exclude on-account activities and unapplied receipts.

B: You cannot exclude on-account activities, unapplied receipts, and unidentified receipts.

C: You can include or exclude intercompany transactions, or you can reconcile by intercompany activity only. Correct answer

D: You can select only a Closed accounting period.

Correct Answer:

C. You can include or exclude intercompany transactions, or you can reconcile by intercompany activity only.

Explanation

The report parameters allow users either to include or exclude intercompany transactions or to reconcile solely by intercompany activity, giving flexibility when balancing Receivables with the General Ledger.

Why Incorrect

A. Parameters exist to include/exclude on-account, unapplied, and unidentified items as well—so the statement is incomplete.
B. All three activity types can, in fact, be excluded via parameters.
D. The report can be run for any Open or Closed period; it is not limited to Closed periods.

References

1. Oracle Fusion Cloud Financials: Receivables User Guide 23C, “Run the Receivables to Ledger Reconciliation Report,” Table 5-3 Report Parameters.

2. Oracle Cloud Readiness – Receivables to Ledger Reconciliation (Release 13), p. 2, “Intercompany Filter Option.”

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