A company operates in the United States and Japan. The accounting currency for the company is USD. The company imports exchange rates related to EUR into their system. The company starts to conduct…

Question

Options

• AImplement a direct JPY-to-USD conversion.
• BDefine a specific exchange rate type for USD-to-JPY transactions.
• CEnable JPY conversion
• DDesignate EUR as the system reference currency for triangulation.

• A
  12% (3)
• B
  4% (1)
• C
  4% (1)
• D
  80% (20)

Explanation

Multi-currency functionality is used if your company does business in more than one currency. If your organization has multiple legal entities and transacts in multiple currencies, then maintaining currencies and their corresponding exchange rate is essential. Currency triangulation refers to the process where the amounts from one national currency must be converted to another participating national currency by comparing it to another currency, such Only one currency can represent the triangulation currency. By default, the EUR currency is selected as the triangulation currency. You can change the triangulation currency, by first clearing the Reference currency for triangulation check box on the EUR record on the Currencies page. Then, you can select the Reference currency for triangulation for the desired currency. https://learn.microsoft.com/en-us/training/modules/configure-currencies-dyn365-finance/2-

No community discussion yet for this question.