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An organization plans to use defined journal names for each purpose. They want to ensure that journal
processing is easier and more secure.
The organization has the following requirements:
* Set up restrictions on the account type and segment values.
* Capture data accurately for offset accounts, currency, and financial dimensions.
* Maintain internal control and establish materiality limits.
You need to set up journal name elements to meet these requirements.
Which three journal elements should you configure? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
Suggested Answer: A, D, E
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14 comments · newest first
IZ
Izetta
12 months ago
I’m surprised they didn’t mention workflow approval.
LO
Lorean
1 year ago
Journal control should be on the list for sure!
GE
Gertude
1 year ago
Wait, are we sure about default values? Seems risky.
TY
Tyisha
1 year ago
Totally agree, journal type is essential too!
YV
Yvette
1 year ago
I think account type is definitely a must.
MA
Marya
1 year ago
Workflow approval seems important for internal control, but I’m torn between that and journal control for the last element.
KA
Karl
1 year ago
I feel like default values could help with capturing data accurately, but I’m not completely confident about that.
CA
Casandra
1 year ago
I remember a practice question where we had to set up journal controls, so that might be relevant here too.
SH
Shawnna
1 year ago
I think we need to focus on account type and journal type, but I'm not sure about the third element.
GE
Genevieve
1 year ago
I'm a little confused by this question. I'm not sure if the answer is A. Training, C. Advisory, or something else. I'll have to re-read the question carefully and think it through.
TH
Thersa
1 year ago
Okay, I've got this. The key is to identify the critical control points throughout the data life cycle, from processing to storage to deletion. I'll focus on ensuring accuracy and integrity at each stage.
MA
Marguerita
1 year ago
For this type of question, I find it helpful to try to visualize each option and think about how they would be observed. That might give me a clue to the right answer.
GL
Glendora
1 year ago
Okay, let me see if I understand this correctly. The question is asking if building custom authorization servers in Okta is a reason to do so, and the solution mentions protecting API endpoints owned by a third-party. I'll need to carefully consider the implications of that.
BE
Bethanie
1 year ago
I vaguely remember a similar question about gRPC's role in bidirectional streaming. Isn't it more about how data is sent and received rather than just encoding?