Oracle
1Z0-516 · Question #13
ABC.com is a global company based in the United States with divisions in North American, Europe and Asia. All of the journal imports, recurring journals, mass allocations and manual journal entries…
The correct answer is F. Revalue foreign currency balances. See the full explanation below for the reasoning.
Question
ABC.com is a global company based in the United States with divisions in North American, Europe and Asia. All of the journal imports, recurring journals, mass allocations and manual journal entries have been posted for their European subsidiary. What is the next logical step in the period-close process?
Options
- AConsolidate to the parent set of books.
- BReconcile account balances.
- CTranslate to functional currency.
- DOpen the next period.
- EClose the current period.
- FRevalue foreign currency balances.
- GRun financial reports.
How the community answered
(33 responses)- A9% (3)
- B3% (1)
- D3% (1)
- E3% (1)
- F82% (27)
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