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Oracle

1Z0-516 · Question #112

You are implementing Oracle General Ledger at a client site. The client is based in the US, but they have a global presence in many countries and transactions in multiple currencies. The…

The correct answer is D. All requirements from 1 through 5 can be satisfied. See the full explanation below for the reasoning.

Question

You are implementing Oracle General Ledger at a client site. The client is based in the US, but they have a global presence in many countries and transactions in multiple currencies. The implementation team decides that the Oracle General Ledger multi-currency setup will be a part of the implementation. The client's Chief Financial Officer wants a system that has these features: 1. Enter transactions and reports in any currency. 2. Enter exchange rates online or automatically. 3. Calculate realized and unrealized gains and losses. 4. Translate actual and budget balances. 5. Produce foreign currency financial statements and reports. Which requirements can be satisfied with the implementation?

Options

  • A1, 2, and 3 only
  • B1, 2, 3, and 4 only
  • C1, 2, 4, and 5 only
  • DAll requirements from 1 through 5 can be satisfied.

How the community answered

(24 responses)
  • A
    17% (4)
  • B
    4% (1)
  • C
    8% (2)
  • D
    71% (17)

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