ECONOMICS

COST ACCOUNTING

COST MANAGEMENT SYSTEMS

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Your client wants to turn on summary for GL posting, but they want the Subledger Accounting to contain every transaction unsummarized for detailed analysis and drill down. How do you accomplish this?

A	Turn off merge matching lines in the journal line rule.
B	Turn off the summarize flag in the journal line rule.
C	Write a custom report.
D	Turn on detailed posting for GL in the ledger setup.
E	Extract distribution accounting entries.

Explanation:

Detailed explanation-1: -SLA is a common rule-based accounting engine used by Oracle products that posts accounting entries into Oracle General Ledger. Rules are user defined, and reside in a common repository for all subledger applications such as Oracle Cost Management.

Detailed explanation-2: -The Account Analysis Report provides drill-down information about the movement on a range of accounts and displays all journal entry lines that affect that range for a period or range of periods. The report only includes journal entries transferred to and posted to General Ledger.

Detailed explanation-3: -Oracle Sub Ledger accounting (SLA) is accounting hub in Oracle Application Release 12 (R12). It is used to derive all attributes required to account a transaction in Oracle General Ledger.

Detailed explanation-4: -Subledger, which is also known as a subsidiary ledger, is a detailed report of accounts that consists of transaction information.

There is 1 question to complete.