1Z0-516 · Question #36
You are implementing Oracle General Ledger at a ABC.com site. ABC.com is based in the US but has a presence in many countries worldwide, and has transactions in multiple currencies. The…
The correct answer is B. Oracle GL provides this functionality and there is no problem in satisfying the requirement. See the full explanation below for the reasoning.
Question
You are implementing Oracle General Ledger at a ABC.com site. ABC.com is based in the US but has a presence in many countries worldwide, and has transactions in multiple currencies. The implementation team decides that GL multicurrency setup will be part of the implementation. The Controller wants a system which allows the flexibility to enter transactions in any foreign currency, and at the same time automatically performs currency conversion online and in real time. She wants to know whether this requirement could be satisfied. What is the correct response?
Options
- AAccount generator needs to be customized for journals to be entered in foreign currency.
- BOracle GL provides this functionality and there is no problem in satisfying the requirement.
- CWorkflow needs to be customized for journals to be entered in foreign currency.
- DOracle GL does not support this functionality.
How the community answered
(42 responses)- A7% (3)
- B71% (30)
- C17% (7)
- D5% (2)
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