A bank follows 01-Jan to 31-Dec as Accounting Cycle and follows Period Codes Jan, Feb,…till
Dec. Which statement is true about Period Codes maintenance in Oracle FLEXCUBE?
A.
13 Period Codes only – Jan, Feb,…till Dec and FIN
B.
4 Period Codes only – Q01, Q02, Q03, and Q04
C.
5 Period Codes only – Q01, Q02, Q03, Q04, and FIN
D.
12 Period Codes only – Jan, Feb, …till Dec
Explanation:
Explanation/Reference:
Irrespective of the manner in which you map out your periods either monthly, quarterly etc system
will always append an extra period FIN. The above is monthly hence 13 period codes.