Oracle Financial Reporting and Analysis Cloud 2017 Implementation Essentials — Question 18

Your customer accounts revenue based on product class category. Because all your customer's projects are funded by private and government institutions, they decide to classify all projects based on their funding source to accurately report on revenue in General Ledger. Accordingly, you create a new class category
"Funding Source", and assign it to all projects. However, you notice that the accounting is still happening based on product class category.
Identify the reason for this problem. (Choose the best answer.)

Answer options

• A. Funding source class category is assigned to all project types.
• B. Funding source class category is not enabled for "available as accounting source".
• C. Product class category is not enabled for "available as accounting source".
• D. Funding source class category is enabled for "available as accounting source".

Correct answer: C

Explanation

The correct answer is C because if the product class category is not enabled as an accounting source, then the system will continue to use it for revenue calculations instead of the new funding source category. Options A and D are incorrect because they do not address the enabling status of the product class category, while option B focuses on the funding source category, which is not the issue at hand.