When a FCCS application was created, the only option selected related to intercompany was Intercompany Data. Which statement is correct?

Study for the Oracle FCCS Certification Test. Prepare with flashcards and multiple choice questions, each question accompanied by hints and explanations. Get ready for your exam!

Multiple Choice

When a FCCS application was created, the only option selected related to intercompany was Intercompany Data. Which statement is correct?

Explanation:
In FCCS, how intercompany data is configured determines how eliminations are produced. If you create an app and only enable Intercompany Data, there is a single intercompany data source for the consolidation. The elimination process then runs once against that single source, so the elimination entries are not separated by data source. This is why the correct statement is that elimination entries will not be separated by data source. The other options don’t fit: intercompany data is still used in reporting, and there’s no automatic annual archiving tied to this setup.

In FCCS, how intercompany data is configured determines how eliminations are produced. If you create an app and only enable Intercompany Data, there is a single intercompany data source for the consolidation. The elimination process then runs once against that single source, so the elimination entries are not separated by data source. This is why the correct statement is that elimination entries will not be separated by data source. The other options don’t fit: intercompany data is still used in reporting, and there’s no automatic annual archiving tied to this setup.

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