How many base currencies can an Organization be associated with?

Question

Options

• AOne
• BTwo
• CNone
• DOne per Site

• A
  11% (3)
• B
  78% (21)
• C
  4% (1)
• D
  7% (2)

Explanation

Option B is correct because an Organization can be associated with two base currencies - typically a primary (functional) currency used for day-to-day transactions and a secondary (reporting or group) currency used for consolidated financial reporting. This dual-currency setup supports multinational operations where local and corporate reporting needs differ.

Why the distractors are wrong:

• A (One) - too restrictive; limiting an org to a single currency would prevent consolidated reporting across different currency environments.
• C (None) - an organization must have at least one base currency to record any financial transactions; zero is not a valid state.
• D (One per Site) - currency assignment at the Site level describes a different configuration granularity; the question asks specifically about the Organization level, not individual sites.

Memory tip: Think "two sides of the coin" - every Organization needs a local currency (where it operates) and a reporting currency (where results roll up), giving you exactly two.

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