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NEW QUESTION: 1
A. Option D
B. Option A
C. Option C
D. Option B
Answer: C
NEW QUESTION: 2
During the analysis phase of the implementation, it was discovered that there were some expense entries that are paid in the current month for services rendered in the next month, the client wants to defer the expense and recognize it in the next month. What would you recommend?
A. Use Journal Line Definitions.
B. Create two accounting events: one for payment and one for recognition.
C. Use multiperiod accounting-enabled Journal Line Types.
D. Use Account Derivation rules to create two different entries.
Answer: C
Explanation:
multiperiod accounting (Oracle Subledger Accounting) Recognition of revenue or a prepaid expense or revenue across multiple GL periods. Deferred revenue and expense recognition are examples of multiperiod accounting.
Multiperiod accounting is a flexible, powerful tool which allows users to systematically record accounting entries across multiple periods
Note:
* account derivation rule (Oracle Subledger Accounting) A component of the Accounting Methods Builder (AMB) that determines the Accounting Flexfield for the subledger journal entries. *
NEW QUESTION: 3
What is volatility?
A. the measure of the liquidity of a contract or security
B. the difference between the annual high and low of a security
C. the difference between the current price of an asset and its previous close
D. a statistical measure of price fluctuations as an annualized percentage
Answer: D
