1Z0-517 Exam Dumps | Scott, the CFO at ABC Company in the USA, wants to present the annual income statement to the board of

<< Prev Question Next Question >>

Question 107/180

Scott, the CFO at ABC Company in the USA, wants to present the annual income statement to the board of directors of the company. ABC Company engages in many exports and import activities and follows the policy to revalue all its transactions in foreign currency with the current market rates. Scott requests George, the head accountant of the company, to revalue all foreign currency transactions done during the year. Select two prerequisites that George must comply with to ensure that the revaluation is done as desired. (Choose two.)

A. Define accounts for unrealized gains and unrealized losses.

B. Define accounts for realized gains and realized losses.

C. Define a revaluation rate for each currency for each period or date for which the revaluation must be run.

D. Define the weights for each currency used for doing transactions.

E. Define a batch under which the revaluation journals would be stored.

Question List (180q): Question 1: ABC Enterprises has operations in the UK, France, the US (We...; Question 2: The client's GL accountant comes to you with a problem. A jo...; Question 3: You are implementing Oracle General Ledger at a client site....; Question 4: Identify three types of entities that can be defined and rel...; Question 5: With Oracle Cash Management, you can reconcile payments crea...; Question 6: Identify three benefits of using the Journals Import: Group ...; Question 7: Identify four interface tables that are available in Oracle ...; Question 8: Select three statements that apply to Interface Data Transfo...; Question 9: Select two statements that are correct for the secondary tra...; Question 10: You have the following information: The Accounting flexfield...; Question 11: Oracle Payments is the central payment engine for Oracle E-B...; Question 12: Which journal entry type does General Ledger automatically r...; Question 13: XYZ Corporation has five segments in its accounting flexfiel...; Question 14: ABC Inc.'s calendar is the fiscal year. They also use Averag...; Question 15: To set up and use Multiple Organization Access Control (MOAC...; Question 16: John has created two ledgers: one primary and one secondary....; Question 17: Jack is hired as an Oracle General Ledger implementation con...; Question 18: Identify three statements that are correct for the multi-cur...; Question 19: Select three types of Payables open interfaces that will imp...; Question 20: Identify the item that requires approval through the workflo...; Question 21: Which three statements are true about the revaluation proces...; Question 22: Company K has identified these business requirements for the...; Question 23: There are five major business functions that occur sequentia...; Question 24: You have been asked to demonstrate the basic functionality o...; Question 25: Which three activities would use summary accounts? (Choose t...; Question 26: For each subledger, there must be one _____....; Question 27: There are numerous Oracle modules that are integrated into o...; Question 28: Identify three true statements about the invoice approval wo...; Question 29: ABC Company in the United Kingdom has three subsidiaries in ...; Question 30: Company Z has implemented Payables, General Ledger, and Proj...; Question 31: Identify two correct statements about the consolidation feat...; Question 32: Flavour Inc. in the United Kingdom has a subsidiary in India...; Question 33: Identify the two methods that are NOT used to enter invoice ...; Question 34: Identify two events that take place when an invoice is match...; Question 35: Client L has implemented Oracle Payables. They have been abl...; Question 36: ABC Enterprise has operations in the US, France, and Italy. ...; Question 37: Scott, a consultant with a leading consulting firm, is imple...; Question 38: Which statement is true about paying invoices?...; Question 39: Identify three invoice holds that cannot be manually release...; Question 40: A client is implementing ACH and has a business requirement ...; Question 41: ABC Corporation has five companies, which operate in differe...; Question 42: Select three statements that apply to the Global Consolidati...; Question 43: Select two restrictions that apply to consolidating budget b...; Question 44: ABC Systems is headquartered in Toronto with a branch in New...; Question 45: Select four options that can be set at the supplier site lev...; Question 46: In the course of implementing Oracle General Ledger, you and...; Question 47: Select three statuses of the consolidation workbench. (Choos...; Question 48: Which event reverses an accrual for an item set to accrue on...; Question 49: Purchasing has numerous activities that are performed as a k...; Question 50: Which module of Oracle E-Business Suite Release 12 sends rev...; Question 51: You have been hired to implement Oracle General Ledger at XY...; Question 52: You are implementing Oracle General Ledger at a client site....; Question 53: What is a benefit of the secondary tracking segment?...; Question 54: Select three levels where additional reporting currency repr...; Question 55: Identify three ways that an invoice can be submitted for val...; Question 56: Which two are true about elimination? (Choose two.)...; Question 57: Identify the four setup options that control supplier defaul...; Question 58: Identify four purposes for which the Special Calendar is use...; Question 59: Suppliers play an important part in the Procure-to-Pay proce...; Question 60: The GL accountant tells you that he is running the tests to ...; Question 61: Identify three Payables system setup options. (Choose three....; Question 62: The GL accountant has defined the budget and wants the assis...; Question 63: The Health Department of the United Kingdom is using the cas...; Question 64: Select three criteria that are required to assign multiple l...; Question 65: You set the GL: Journal Review Required profile option to "Y...; Question 66: Identify three options available to manage cash requirements...; Question 67: Subledger Accounting is a rule-based accounting engine that ...; Question 68: You are on a phased-approach implementation. Payables and Pu...; Question 69: ABC Inc. wants to have 16 accounting periods that include an...; Question 70: ABC Enterprise has operations in the US and its headquarters...; Question 71: Which three are true regarding purchase order-matched invoic...; Question 72: To achieve the maximum summary account functionality for tot...; Question 73: Mark, the GL accountant, asks you whether he can use the con...; Question 74: ABC Company wants to compare consolidated actuals against co...; Question 75: Jack, the CFO of ABC Company, wants to prepare the annual ca...; Question 76: Identify three features of Payment Manager. (Choose three.)...; Question 77: Sam, the CFO of XYZ Company, wants to prepare the annual cap...; Question 78: Identify the three reports that can be processed using the S...; Question 79: ABC Corporation wants to convert from their existing legacy ...; Question 80: What are the three prerequisites for interfacing Payables in...; Question 81: You need to verify that your system has enough resources to ...; Question 82: Select three invoice types that can be entered ONLY in the I...; Question 83: Identify two types of inquiries that are possible on ledger ...; Question 84: Which item cannot be queried in the Find Consolidation Proce...; Question 85: Identify four functions of the Invoice Validation process. (...; Question 86: Identify the default value for the term date that would exte...; Question 87: Which report would provide information about the processing ...; Question 88: Peter, the GL accountant, tells you that he has defined the ...; Question 89: Select two actions that ledger sets permit. (Choose two.)...; Question 90: Identify three setup options that are defined in the Financi...; Question 91: During a pilot run of Financial Statement Generator reports,...; Question 92: You are implementing Oracle E-Business Suite Release 12 Gene...; Question 93: Company ABC has implemented Oracle Payables. They have decid...; Question 94: What is the effect of summary accounts on the efficiency of ...; Question 95: Using the Payables System Setup Options form, you can enable...; Question 96: During the testing phase of your implementation, you find th...; Question 97: Identify two places where you can define a legal entity. (Ch...; Question 98: Identify the two invoice types processed by the Payables Ope...; Question 99: Identify four consolidation tools. (Choose four.)...; Question 100: Jane, the GL accountant, asks you whether she could delete t...; Question 101: Select two valid statements that apply to chart of accounts ...; Question 102: Identify the different types of data that can be processed u...; Question 103: John, the rates manager at ABC Company in the USA, is in cha...; Question 104: Identify three features that speed up data entry. (Choose th...; Question 105: Choose the maximum number of secondary ledgers that can be a...; Question 106: You can hold the payment of an entire invoice or part of an ...; Question 107: Scott, the CFO at ABC Company in the USA, wants to present t...; Question 108: Select two steps that are NOT elements of creating a Financi...; Question 109: Which two statements are true if you select the QuickMatch i...; Question 110: Your client is closing its first period. The client complete...; Question 111: Sam, the CFO of XYZ Company, finds that in the expenditure b...; Question 112: Choose three tables that will be populated when the Journal ...; Question 113: Company A wants to distribute the rent expense to its variou...; Question 114: The rate variance Gain/Loss accounts specified in the Financ...; Question 115: ABC Corp. wants to allocate the gross amount of XYZ Co. invo...; Question 116: Select two statements that are true about ledgers in Oracle ...; Question 117: Scott is implementing Oracle General Ledger for ABC Corporat...; Question 118: A client has a requirement for their Payables application: 1...; Question 119: Identify what three considerations must be executed before c...; Question 120: Which four attributes are validated during the Journal Impor...; Question 121: Before you can pay or create accounting entries for an invoi...; Question 122: The accounting setup process in Oracle General Ledger consis...; Question 123: When summary account templates are associated with the check...; Question 124: Which three are the benefits of the Currency Rates Manager i...; Question 125: Select the three windows where a user can manually release a...; Question 126: Select two reasons to use reporting hierarchies instead of s...; Question 127: Select the correct sequence of tasks required for period clo...; Question 128: Which two statements are true about the reporting currency i...; Question 129: The GL user entered a taxable journal and posted it. Later, ...; Question 130: Company XYZ has received an invoice that includes freight ch...; Question 131: You are at a client site that has thousands of suppliers in ...; Question 132: ABC Corp. requires that all invoices are matched to both a p...; Question 133: Select two components that are required to create the accoun...; Question 134: XYZ Company is implementing Oracle at its headquarters in th...; Question 135: Select three activities that must be performed to complete t...; Question 136: Your client wants to report with Financial Statements Genera...; Question 137: There are many fields with important data displayed on the m...; Question 138: The companys two senior executives have different budget fig...; Question 139: You are implementing Oracle General Ledger at ABC Enterprise...; Question 140: Which two actions would you perform by using the column set ...; Question 141: A manager wants to review the cash balance by company. He ha...; Question 142: A reversing journal entry can be posted into _____....; Question 143: Identify two true statements about using column sets in an F...; Question 144: Which is the final step in processing a payment batch?...; Question 145: You are working on an implementation for Accounts Payable fo...; Question 146: A manager wants to review the cash balance by company. He ha...; Question 147: Payables lists four seeded payment methods. They are check, ...; Question 148: Your client is in the process of closing its first year-end....; Question 149: Choose three required steps while performing the accounting ...; Question 150: Identify three ways in which subledgers transfer information...; Question 151: The fiscal year of XYZ Inc. is the calendar year. Before clo...; Question 152: You are hired to implement Oracle General Ledger at Active C...; Question 153: Select four tips that can be used to speed up data entry. (C...; Question 154: Identify three statements that properly describe the use of ...; Question 155: ABC Company in India imports baking equipment from XYZ Compa...; Question 156: You are working on an implementation for Accounts Payable. M...; Question 157: What are the five steps for creating MassAllocation journal ...; Question 158: XYZ Company is implementing Oracle General Ledger. They want...; Question 159: Treeline Company is getting ready to complete its month-end ...; Question 160: The management segment qualifier must be attached to which k...; Question 161: Company ABC has decided to use the invoice approval workflow...; Question 162: When structuring the summary accounts hierarchy, what fact m...; Question 163: Client A has three legacy systems that contain this financia...; Question 164: XYZ Limited has hired Jack as the Oracle General Ledger impl...; Question 165: Identify three statements that are true for electronic or wi...; Question 166: Identify three statements that describe Payment Terms. (Choo...; Question 167: Your manager has asked you to create a period close process ...; Question 168: ABC Corp. runs the Create Journals program, after which the ...; Question 169: Jane, the GL accountant, comes to you with a requirement: th...; Question 170: How do you know funds are available in the budgetary control...; Question 171: Identify the three actions that you can perform using the co...; Question 172: Isa Global Inc. is based in the United States with divisions...; Question 173: In the context of adding, deleting, and disabling secondary ...; Question 174: Which two statements correctly describe the translation proc...; Question 175: You are implementing Oracle General Ledger (GL) at a client ...; Question 176: Which two are the mandatory flexfield qualifiers in Oracle G...; Question 177: Select two actions available in Oracle General Ledger. (Choo...; Question 178: All manual journal entries are defaulting to a non-current p...; Question 179: Michael is responsible for the accounting setup. Here is the...; Question 180: You have a new employee in the buying department. She set up...

Question 107/180

LEAVE A REPLY

Download PDF File