Oracle
1Z0-516 · Question #10
1Z0-516 Question #10: Real Exam Question with Answer & Explanation
Sign in or unlock 1Z0-516 to reveal the answer and full explanation for question #10. The question stem and answer options stay visible for context.
Question
ABC.com, a Canadian subsidiary of a U.S. company, wants to have an adjusting period in addition to its 12 calendar month accounting periods. Its fiscal year end is March 31. It will use foreign currency translations for its financial reports to the U.S. parent company, beginning April 2006. The company wants to use accounting period names that show the calendar year, not fiscal year. It plans to go live beginning April 1, 2006 with conversion of 1 year historical GL balances (fiscal year ending March 31, 2006). Choose the most appropriate accounting calendar setup.
Options
- APeriod Type: Calendar. Accounting periods named: Apr-05 through Mar-07, with two adjusting
- BPeriod Type: Calendar. Accounting periods named: Apr-05 through Mar-07, with one adjusting
- CPeriod Type: Fiscal. Accounting periods named: Apr-05 through Mar-07, with two adjusting
- DPeriod Type: Fiscal. Accounting periods named: Apr-05 through Mar-07, with two adjusting
- EPeriod Type: Fiscal. Accounting periods named: Apr-05 through Mar-07, with one adjusting period
Unlock 1Z0-516 to see the answer
You've previewed enough free 1Z0-516 questions. Unlock 1Z0-516 for full answers, explanations, the timed quiz mode, progress tracking, and the master PDF. Question stem and options stay visible so you can still see what's on the exam.