MB6-895 · Question #54
Your work for Contoso, Ltd. Your company has many subsidiaries in various countries that all use a shard chart of account. One subsidiary's local government requires the use of a government…
The correct answer is A. Set up currency exchange rates for the government-mandated chart. D. Create a new chart of accounts specifically to be used for the subsidiary company that. See the full explanation below for the reasoning.
Question
Your work for Contoso, Ltd. Your company has many subsidiaries in various countries that all use a shard chart of account. One subsidiary's local government requires the use of a government - mandated chart of accounts for reporting. This chart is the same for some accounts in your shared chart of accounts, but not for all of them. You need to ensure that foreign subsidiary is able to complete the mandatory statutory while adhering to the local government regulations. Which two steps should you take to enable the mandatory statutory reporting? Each correct answer presents a complete part of solution.
Options
- ASet up currency exchange rates for the government-mandated chart.
- BMap all accounts from the shared chart of accounts to additional consolidation accounts from
- CSet up a consolidation group for the government-mandated chart
- DCreate a new chart of accounts specifically to be used for the subsidiary company that
How the community answered
(28 responses)- A71% (20)
- B21% (6)
- C7% (2)
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