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Question ID 22227

ABC.com wants to define a consolidation process for its enterprise.
It has two sets of books: Set of Books A and Set of Books B.
Both sets of books will use Oracle General Ledger.
Set of Books A has three companies with the same calendar and chart of accounts as Set of
Books B.
Set of Books A has USD as its currency.
Set of Books B has four companies with the same chart of accounts and calendar as Set of Books A.

Set of Books B has GPD as its currency.
Select the consolidation method.

Option A

Interface Data Transformer

Option B

Global Intercompany System

Option C

Oracle Financial Analyzer

Option D

Financial Statement Generator

Correct Answer D
Explanation


Question ID 22228

You are implementing Oracle General Ledger at ABC.coms site. ABC.com is based in the US but
has a global presence in many countries worldwide, and has transactions in multiple currencies.
The implementation team decides that GL multi currency setup will be part of the implementation.
The GL accountant approaches you to discuss multiple reporting currencies (MRC); he wants to
implement MRC and link the primary set of books with the reporting set of books. Additionally, he
says that the primary and reporting sets of books all have different calendars but share the same
chart of accounts. What response do you provide?

Option A

The primary and reporting set of books must share the same calendar and chart of accounts.

Option B

There is no problem in satisfying this requirement.

Option C

The primary and reporting set of books must share the same currency and chart of accounts.

Option D

The primary and reporting set of books must share the same calendar, currency and chart of
accounts.

Correct Answer A
Explanation

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