Oracle Financials Cloud: Accounts Payable 2017 Implementation Essentials — Question 34

Identify what Oracle considers two best practices when setting up Payables and Receivables account access for bank reconciliation.

Answer options

• A. Do not assign bank accounts to business units.
• B. Assign a few general ledger cash accounts to multiple bank accounts to facilitate book-tobank reconciliation.
• C. Business units must be granted access to the bank account.
• D. Only business units who use the same ledger as the bank accounts owning legal entity can be assigned access.
• E. Allow bank accounts to be accessed by all roles and users because the default value to secure a bank account by users and roles is No.

Correct answer: C, D

Explanation

The correct answers, C and D, emphasize the necessity for business units to have access to the bank account and that only those units with the same ledger as the legal entity's bank accounts should be granted this access. Options A, B, and E do not align with best practices for controlling access and securing bank accounts as outlined by Oracle.