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Oracle 1z0-1055-21: Which Subledger Accounting option to retrieve values for account code based on invoice line description

By: Author Alex Lim

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Categories Exam

Question

Your client wants to retrieve values for the account code based on the invoice line description. For example, Invoice Line Description = Laptop then Account Code = 5670. Which Subledger Accounting option would you use to achieve this?

A. Mapping Set
B. Description Rule
C. Supporting References
D. Event Class Settings
E. Transaction References

Answer

A. Mapping Set

Explanation

The correct answer is A. Mapping Set.

A mapping set is a subledger accounting option that allows you to derive values for accounting attributes based on the values of other attributes. A mapping set consists of a source attribute, a target attribute, and a set of mapping rules that define how the source values are mapped to the target values.

In this scenario, you can use a mapping set to retrieve values for the account code based on the invoice line description. The source attribute would be the invoice line description, and the target attribute would be the account code. The mapping rules would specify the account code for each invoice line description, such as Laptop = 5670, Printer = 5680, and so on.

The other options are incorrect because:

  • B. Description Rule. This is false because a description rule is a subledger accounting option that allows you to generate a descriptive text for journal lines based on the values of accounting attributes. A description rule does not allow you to derive values for accounting attributes based on other attributes.
  • C. Supporting References. This is false because supporting references are subledger accounting options that allow you to capture additional information from transactions and store them in subledger journal entries. Supporting references do not allow you to derive values for accounting attributes based on other attributes.
  • D. Event Class Settings. This is false because event class settings are subledger accounting options that allow you to define the accounting method, journal line types, and journal entry descriptions for each event class and event type in a subledger application. Event class settings do not allow you to derive values for accounting attributes based on other attributes.
  • E. Transaction References. This is false because transaction references are subledger accounting options that allow you to link subledger journal entries with their source transactions and provide drilldown functionality. Transaction references do not allow you to derive values for accounting attributes based on other attributes.

Reference

Oracle Financials Cloud: Payables 2021 Implementation Essentials 1z0-1055-21 certification exam practice question and answer (Q&A) dump with detail explanation and reference available free, helpful to pass the Oracle Financials Cloud: Payables 2021 Implementation Essentials 1z0-1055-21 exam and earn Oracle Financials Cloud: Payables 2021 Implementation Essentials 1z0-1055-21 certification.