Identify the two steps that must be completed when performing Accounting Configuration
A.
Create Legal Entities
B.
Create Primary Ledgers
C.
Create Reporting Currencies
D.
Open First Period
Explanation:
The Setup and Maintenance work area in the Oracle Fusion Applications is used to
manage the configuration of legal entities, ledgers, and reporting currencies that comprise your
accounting configuration. To create a new legal entity or ledger, your implementation consultant or
system administrator must create an implementation project. This implementation project can be
populated by either adding a financials related offering or one or more task lists.
Oracle Fusion Applications Financials Implementation Guide, Accounting
Configuration: Overview