nerdexam
Oracle

1Z0-1054 · Question #20

You operate in a country whose unstable currency makes it unsuitable for managing your day-to- day business. As a consequence, you need to manage your business in a more stable currency while…

The correct answer is D. Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable. See the full explanation below for the reasoning.

Question

You operate in a country whose unstable currency makes it unsuitable for managing your day-to- day business. As a consequence, you need to manage your business in a more stable currency while retaining the ability to report in the unstable local currency. What would be your recommendation when defining ledgers?

Options

  • ARun Revaluation as often as you need to the more stable currency and report on the more stable
  • BRun Revaluation to translate into Statistical Currency
  • CCreate a secondary ledger that uses a different chart of accounts that is denominated in the more
  • DUse Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable

How the community answered

(40 responses)
  • A
    13% (5)
  • B
    5% (2)
  • C
    3% (1)
  • D
    80% (32)

Community Discussion

No community discussion yet for this question.

Full 1Z0-1054 Practice