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NEW QUESTION 33
Your customer is a financial Institution that needs to maintain average daily balances (ADB). Which two statements are true regarding this functionality in Fusion Applications?
Overview of Average Balance Processing You can use average balance processing to track average and end-of-day balances, report average balance sheets, and create reports using both standard and average balances. Average balance processing is particularly important for financial institutions since many regulatory agencies require average balance sheets in addition to standard balance sheets. Many organizations use average balances for internal management reporting and profitability analysis.
NEW QUESTION 34
What are the Two purposes of a secondary ledger?
NEW QUESTION 35
Your customer wants to use a clearing company to automatically balance intercompany entries. Which three statements are true regarding the use of a clearing company value? (Choose three.)
NEW QUESTION 36