Identify two correct statements about the consolidation feature of Oracle General Ledger. (Choose two.)

Correct Answer for the Question – Identify two correct statements about the consolidation feature of Oracle General Ledger. (Choose two.) is given below

Identify two correct statements about the consolidation feature of Oracle General Ledger. (Choose two.)

Both budget and actual balances can be consolidated.

Consolidation is possible only when the subsidiaries use multiple Oracle application instances.

You can consolidate balances only when there are separate ledgers for different companies.

You can maintain multiple companies with similar or different accounting structures and consolidate their results for meaningful financial reporting.

Correct Answer

The Correct Answer for this Question is

Both budget and actual balances can be consolidated.
You can maintain multiple companies with similar or different accounting structures and consolidate their results for meaningful financial reporting.

Explanation

The Question – Identify two correct statements about the consolidation feature of Oracle General Ledger. (Choose two.) has been answered correctly and answers for the question is Both budget and actual balances can be consolidated.
You can maintain multiple companies with similar or different accounting structures and consolidate their results for meaningful financial reporting.

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