A company has the second and third balancing segment enabled for its chart of accounts, and the
journal is balanced by the primary balancing segment but is out of balance by the second and third
balancing segment. This is an example of ____________.
A.
Chart Account Balancing Rule
B.
Balancing Segment Rule
C.
Chart of Account Rule
D.
Segment qualifier
Explanation:
Example:
Ledger balancing options are defined for the ledger to balance the second balancing segment
and/or the third balancing segment, when a transaction is unbalanced by one of these segments.
Simple ledger balancing option with no clearing company options
In this scenario the enterprise has the second balancing segment and the third balancing segment
enabled for its chart of accounts.
Setup
InFusion USA Chart of AccountsNote: You can define intercompany balancing rules at the following rule levels:
1.Primary balancing segment
2.Legal entity
3.Ledger
4.Chart of accounts
The rules are evaluated in the order shown above. For example, you can define a Primary
Balancing Segment rule and a Legal Entity level rule. If both rules are used to balance a particular
journal, the Primary Balancing Segment rule is used, as it has a higher precedence.
You have flexibility in defining your intercompany balancing rules. You can have a simple setup in
which you define one rule for your chart of accounts. This rule is used for all intercompany
balancing for all ledgers that use this chart of accounts. Alternatively, you can have a more
granular set of rules. For example, you can define a different rule for each legal entity andonechart of accounts rule to cover any gaps in your rule definitions. You can gain even more
granularity by defining rules for specific journal and/or category combinations or intercompany
transaction types.
Reference:Oracle Fusion Accounting Hub Implementation Guide,Manage Ledger Balancing
Options
C