In Strategic Modeling, you set up the Change in Inventory due to Non-Cash Activity account and provide more detailed accounts below that account. The account number is v2040.35:010. The main account is 2040. Which two statements about setting up accounts in Strategic Modeling are true?

In Strategic Modeling, the chart of accounts is customizable. You can add new accounts as siblings to existing main accounts to expand the financial model's structure. This is a standard method for tailoring the model to specific business needs. Furthermore, the model uses a hierarchical structure where subaccounts inherit the properties and attributes (such as account type, data type, and calculation logic) of their parent main account. This inheritance is fundamental for maintaining consistency and simplifying configuration, and it applies across all time periods, including both historical and forecast data.

A. Subaccount creation is specific to a parent account; it does not automatically create corresponding subaccounts for other functionally related accounts in the model.
B. Standard, system-defined accounts, such as core balance sheet items, are integral to the model's structure and cannot be deleted.

1. Oracle® Cloud Enterprise Performance Management Cloud

Administering Planning Modules

Release 24.05

F85016-11

Chapter 8: Working with Strategic Modeling.

For Answer C: In the section "Adding Accounts

" the documentation states

"You can add accounts as children or siblings of existing accounts." This directly supports the ability to add siblings to main accounts.

For Answer D: In the section "About Subaccounts

" it is explained that "Subaccounts inherit the attributes of their parent accounts." This confirms the inheritance principle.

For Answer B: The section "Deleting Accounts" explicitly states

"You cannot delete standard accounts." This confirms that core accounts like 2040 cannot be removed.

For Answer A: The process described in "Creating Subaccounts" details a manual process for a specific parent account. There is no mention of an automatic creation process for related accounts

indicating this functionality does not exist.