Oracle Financials Cloud: General Ledger 2017 Implementation Essentials — Question 12

Which two statements are true when you are using the Intercompany Reconciliation Process? (Choose two.)

Answer options

• A. The Transaction Summary Report shows only transactions with a status of received.
• B. The Clearing Company Balancing Lines appear in the Intercompany Reconciliation Summary Report.
• C. The Reconciliation Period Summary Report shows the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature.
• D. The ledger balancing lines are 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 need to submit the Extract Intercompany Reconciliation Data job.

Correct answer: C, D

Explanation

Option C is correct because the Reconciliation Period Summary Report indeed shows the intercompany receivable and payable lines generated by the balancing feature. Option D is also accurate as it describes the conditions under which ledger balancing lines are created. Options A, B, and E are incorrect because they do not accurately describe the functions or outputs of the Intercompany Reconciliation Process.