1Z0-516 · Question #103
You are about to set up an accounting calendar for a new set of books at ABC.com. ABC.com's fiscal year end is March 31. The company is not sure if it wants to convert one year or two years of…
The correct answer is C. Define the calendar for Mar-05 through Mar-08. See the full explanation below for the reasoning.
Question
You are about to set up an accounting calendar for a new set of books at ABC.com. ABC.com's fiscal year end is March 31. The company is not sure if it wants to convert one year or two years of history in the GL. The controller wants to choose conversion of one-year history for an April 1, 2007 go-live date, but also wants to keep the option open for conversion of two-year history (to be decided before the go-live date). ABC.com will use the GL Translation functionality, beginning from the first period, with historical GL balances. Which solution would meet ABC.com's requirement?
Options
- ADefine the calendar for Apr-05 through Mar-08.
- BDefine the calendar for Mar-05 through Mar-08.
- CDefine the calendar for Mar-05 through Mar-08.
- DDefine the calendar for Apr-05 through Mar-08.
- EDefine the calendar for Mar-05 through Mar-08.
How the community answered
(28 responses)- A7% (2)
- B11% (3)
- C79% (22)
- E4% (1)
Community Discussion
No community discussion yet for this question.