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Free Oracle 1Z0-517 Exam Braindumps (page: 7)

Page 7 of 77
PDF with 306 Questions

Select three levels where additional reporting currency representations can be maintained. (Choose three.)

  1. batch
  2. journal
  3. balance
  4. subledger

Answer(s): B,C,D



You are implementing Oracle General Ledger at a client site. The client is based in the US, but they have a global presence in many countries and transactions in multiple currencies. The implementation team decides that the Oracle General Ledger multi-currency setup will be a part of the implementation. The client's Chief Financial Officer wants a system that has these features:

1. Enter transactions and reports in any currency.
2. Enter exchange rates online or automatically.
3. Calculate realized and unrealized gains and losses. IV. Translate actual and budget balances.
4. Produce foreign currency financial statements and reports.

Which requirements can be satisfied with the implementation?

  1. 1, 2, and 3 only
  2. 1, 2, 3, and 4 only
  3. 1, 2, 4, and 5 only
  4. All requirements from 1 through 5 can be satisfied.

Answer(s): D



Identify three statements that are correct for the multi-currency functionality of Oracle General Ledger. (Choose three.)

  1. Enter transactions and reports in any currency.
  2. Enter exchange rates online and automatically.
  3. Translate only actual but not budgeted balances.
  4. Translate only budgeted but not actual balances.
  5. Use daily, period end, average, and historical rates.

Answer(s): A,B,E



Which three are the benefits of the Currency Rates Manager in Oracle General Ledger? (Choose three.)

  1. You can maintain daily rates and historical rates more easily.
  2. You get improved efficiency with the help of the spreadsheet interface.
  3. You can maintain consistency among different currency conversion rates.
  4. Additional security ensures that historical rates can be uploaded to closed or future periods only.
  5. You can maximize intercompany imbalances during intercompany eliminations of foreign currency transactions that are due to exchange rate differences.

Answer(s): A,B,C



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