Which statement is true regarding Opening Balance Override Rules?

• A. Opening Balance Override rules execute for the first period in the year only.
• B. You can select which accounts to include in the rules scope
• C. You can select which entities to include in the rules scope
• D. They are available only if the Intercompany Data with Tracking is enabled for the business process.

Answer: (A)

Opening Balance Override Rules are used to set or correct the starting balances at the beginning of the year. They are evaluated when establishing the year’s opening balances and are applied in the first period, so their effect is limited to that initial period. After period one, these overrides don’t run, which is why the statement that they execute for the first period in the year only is the correct one.

The other points aren’t characteristic of opening balance overrides: the rules aren’t defined by selecting a subset of accounts or entities as their scope, and they don’t depend on enabling Intercompany Data with Tracking.