Oracle
1Z0-408 · Question #44
Your company wants to change the Cumulative Translation Adjustment (CTA) account to record gains/losses from varying currency rates. What steps must you perform to achieve this objective without…
The correct answer is B. Open the Ledgers page and update the CTA account and then rerun Translation for all. See the full explanation below for the reasoning.
Question
Your company wants to change the Cumulative Translation Adjustment (CTA) account to record gains/losses from varying currency rates. What steps must you perform to achieve this objective without causing data corruption?
Options
- APurge all translated balances, change the CTA account in the Ledger page, and rerun
- BOpen the Ledgers page and update the CTA account and then rerun Translation for all
- CQuery the Translation journals and delete all of them, then change the CTA account in the
- DDefine a new ledger and accounting configuration.
How the community answered
(23 responses)- A9% (2)
- B83% (19)
- C4% (1)
- D4% (1)
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