Oracle
1Z0-516 · Question #670
1Z0-516 Question #670: Real Exam Question with Answer & Explanation
The correct answer is A. The primary and reporting set of books must share the same calendar and chart of accounts.. See the full explanation below for the reasoning.
Question
You are implementing Oracle General Ledger at ABC.coms site. ABC.com is based in the US but has a global presence in many countries worldwide, and has transactions in multiple currencies. The implementation team decides that GL multi currency setup will be part of the implementation. The GL accountant approaches you to discuss multiple reporting currencies (MRC); he wants to implement MRC and link the primary set of books with the reporting set of books. Additionally, he says that the primary and reporting sets of books all have different calendars but share the same chart of accounts. What response do you provide?
Options
- AThe primary and reporting set of books must share the same calendar and chart of accounts.
- BThere is no problem in satisfying this requirement.
- CThe primary and reporting set of books must share the same currency and chart of accounts.
- DThe primary and reporting set of books must share the same calendar, currency and chart of
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