Which three are the benefits of the Currency Rates Manager in Oracle General Ledger? (Choose three.)
A. You can maintain daily rates and historical rates more easily.
B. You get improved efficiency with the help of the spreadsheet interface.
C. You can maintain consistency among different currency conversion rates.
D. Additional security ensures that historical rates can be uploaded to closed or future periods only.
E. You can maximize intercompany imbalances during intercompany eliminations of foreign currency transactions that are due to exchange rate differences.
Which three statements are true about the revaluation process? (Choose three.)
A. You must post the revaluation journal entries.
B. The revaluation process must be executed after the translation process has completed.
C. This process revalues the foreign currency portion of the account balances by using the revaluation rate defined in the period rates table.
D. 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.
When summary account templates are associated with the check-level advisory of budgetary control funds, what two actions must you perform? (Choose two.)
A. The formula must be identified.
B. The currency must be identified.
C. The amount type must be identified.
D. A debit or credit balance type must be assigned.
Identify the three reports that can be processed using the State Controller window. (Choose three.)
A. Consolidation Audit
B. Consolidations Journal
C. Consolidation Financial
D. Consolidation Exceptions
E. Consolidation Balance Inquiry
John, the rates manager at ABC Company in the USA, is in charge of maintaining currency rates for the entire company.
John had defined the rates for GBP to USD and GBP to Indian Rupee (INR) only. Sam, the company accountant, is worried that he would not be able to execute transactions involving USD and INR currencies.
What does John say to help Sam?
A. Currency Rates Manager automatically converts all transactions entered in INR to USD.
B. Currency Rates Manager automatically converts all transactions entered in INR to GBP first and then to USD.
C. Currency Rates Manager automatically performs the calculation between USD and INR on the basis of cross-rate rules.
D. Sam must manually define the USD to INR rates first, to be able to enter transactions involving USD and INR currency.
E. Sam must manually define the INR to USD rates first, to be able to enter transactions involving USD and INR currency.
You are implementing Oracle General Ledger (GL) at a client site. The client is based in the US, but they
have a presence in many countries and transactions in multiple currencies.
The implementation team decides that the GL multi-currency setup will be a part of the implementation.
John, a junior consultant helping you in the implementation effort, tells you that he is testing the system
and entering journals in USD, Yen, and Euros.
He says that he is able to enter journals in USD and Euros, but not in Japanese Yen.
What possible explanation can you provide to John for this?
A. Yen has not been enabled.
B. Rate types have not been defined for Yen.
C. Daily rates have not been entered for Yen.
D. Workflow must be customized for journals to be entered in Yen.
ABC Company in India imports baking equipment from XYZ Company in the USA. There is an outstanding invoice of $1,000,000 to be paid in two months. The USD-to-INR rate when the transaction was done was
47.5.
Now the USD-to-INR rate has changed from 47.5 to 40.5. Jack, who is a treasury analyst at ABC
Company, reviews the transactions and comes to a conclusion.
Select two correct conclusions arrived upon by Jack. (Choose two.)
A. XYZ Company is not impacted at all by this rate change.
B. XYZ Company has a positive impact by this rate change.
C. ABC Company is not impacted at all by this rate change.
D. ABC Company has a positive impact by this rate change.
The GL accountant tells you that he is running the tests to check the budget functionality. He says that the GL period was closed, but he was able to post the budget journal in a closed period.
You check the setup and confirm that the GL period in which he was able to post the budget journal was closed. What explanation do you give?
A. The budget year is open.
B. The budget status is frozen.
C. The budget status is current.
D. The Require Budget Journal profile option is set at the set of books level.
All manual journal entries are defaulting to a non-current period. Which step was omitted from the accounting cycle?
A. updating the period
B. posting journal entries
C. consolidating financials
D. reversing journal entries
E. translating foreign balances
Jack, the CFO of ABC Company, wants to prepare the annual capital expenditure budget for the current
year where the company plans to grow in the last quarter of the year.
The capital expenditure budget is subdivided in multiple items, and the corporate calendar used at ABC Company has thirteen periods.
Identify the three budget rules that Jack must use to minimize the effort. (Choose three.)
A. Use the divide evenly rule with the 4/4/4 spread.
B. Use the divide evenly rule with the 4/5/4 spread.
C. Use the divide evenly rule with the 5/4/4 spread.
D. Use the divide evenly rule with the 4/4/5 spread.
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