Oracle Autonomous Database Cloud 2020 Specialist — Question 25

If you choose to create your own chart of accounts in Financials, which four statements are TRUE? (Choose four.)

Answer options

• A. Predefined drivers and the chart of accounts you brought in can co-exist within the Account dimension member outline.
• B. You enable base or parent features to create an account structure with key members for you to add your own chart of accounts.
• C. You cannot reuse existing integrated financial statements and must design your own financial statements that include the accounts you imported.
• D. You do not need to enable base or parent features, and instead import the metadata directly into the Financials cube.
• E. You can perform calculations using existing rules, and plan using existing forms and dashboards.
• F. You input or import your own accounts for each enabled feature.

Correct answer: B, C, E, F

Explanation

Answer B is correct as enabling base or parent features is necessary for creating a structure that allows for a custom chart of accounts. Answer C is also true because existing integrated financial statements cannot be reused, requiring the design of new statements with the imported accounts. Answer E is correct since calculations can be performed with existing rules and planning can utilize existing forms and dashboards. Lastly, answer F is correct because it allows for the input or importation of custom accounts. Options A and D are incorrect as they misrepresent the requirements for integrating a custom chart of accounts.