Oracle Financials Cloud: Accounts Payable 2017 Implementation Essentials — Question 28

Which two statements are true when you are using the Intercompany Reconciliation Reports?

Answer options

• A. You must run the prepare Intercompany Reconciliation Reporting Information process.
• B. The reconciliation period summary report will not show the intercompany receivables and intercompany payables lines generated for the provider and receiver of each intercompany transaction.
• C. The reports will show the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature.
• D. The reports will include Ledger balancing lines generated when the primary balancing segment value is in balance but either the second balancing segment or the third balancing segment is out of balance.
• E. You can drill down on the links in the Period Summary report to view the balances by Intercompany Organization.

Correct answer: A, C

Explanation

Option A is correct because running the prepare Intercompany Reconciliation Reporting Information process is a prerequisite for generating accurate reports. Option C is also correct as it confirms that the reports will reflect the lines generated through the intercompany balancing feature. The other options are incorrect as they either contradict the functionality of the reports or misrepresent what the reports include.