Oracle Financials Cloud: General Ledger 2017 Implementation Essentials — Question 59

Which statement is true about AutoAccounting?

Answer options

• A. AutoAccounting is set up at the Legal Entity level.
• B. If AutoAccounting cannot determine all the accounting flexfield segments, it derives what it can and displays an incomplete accounting flexfield.
• C. AutoAccounting is used to determine the default General Ledger accounts only for transactions that you import by using AutoInvoice.
• D. You cannot override the default General Ledger accounts that AutoAccounting creates.

Correct answer: B

Explanation

Option B is correct because AutoAccounting will derive and display what it can if it cannot determine all segments, resulting in an incomplete accounting flexfield. Options A, C, and D are incorrect as they misrepresent the functionality and flexibility of AutoAccounting regarding its setup and account overrides.