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Free Oracle 1Z0-517 Exam Braindumps (page: 12)

Page 12 of 77
PDF with 306 Questions

Which three statements are true about the revaluation process? (Choose three.)

  1. You must post the revaluation journal entries.
  2. The revaluation process must be executed after the translation process has completed.
  3. This process revalues the foreign currency portion of the account balances by using the revaluation rate defined in the period rates table.
  4. Revaluation calculates the differences between the current cumulative functional currency balance of the foreign transactions and the revalued functional currency balance calculated by using the revaluation rate.

Answer(s): A,C,D



Which two statements correctly describe the translation process? (Choose two.)

  1. You can rerun the translation process more than once per period.
  2. With the translation process, you can translate only year-to-date amounts.
  3. If you rerun the translation process, it adds more data to the previous translated amounts.
  4. Translation for a subsidiary can be initiated from the parent by clicking the state controller translate button.

Answer(s): A,D



Which two are true about elimination? (Choose two.)

  1. You can define balancing options for eliminating entries.
  2. You can define an elimination set to contain one elimination entry.
  3. Currency is an optional component when defining an elimination set.
  4. You must specify an elimination company in the Elimination Sets window.

Answer(s): A,B



All manual journal entries are defaulting to a non-current period. Which step was omitted from the accounting cycle?

  1. updating the period
  2. posting journal entries
  3. consolidating financials
  4. reversing journal entries
  5. translating foreign balances

Answer(s): A



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