Oracle 1z0-215 Questions And Answers

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1. Which two statements are true about the reporting currency in Oracle General Ledger? (Choose two.)

A. It is an integrated extension of a ledger.

B. It replaces multiple reporting currencies.

C. Reporting currencies are the same as secondary ledgers.

D. Reporting currencies cannot have the same chart of accounts, accounting method, and ledger processing options.

Answer: AB

2. What is a benefit of the secondary tracking segment?

A. Additional security ensures that correct accounts are selected while entering transactions.

B. The Management segment is enabled automatically when the secondary segment is defined.

C. More details are provided to retained earnings, cumulative translation adjustments, and revaluation gains/losses accounts.

Answer: C

3. Isa Global Inc. is based in the United States with divisions in Europe and Asia. All journal imports, recurring journals, mass allocations, and manual journal entries have been posted for their European subsidiary.

What is the next logical step in the period-close process?

A. opening the next period

B. closing the current period

C. revaluing foreign currency balances

D. translating to the functional currency

E. consolidating to the parent set of books

Answer: C

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If you have decided to become Oracle Testsoon 1z0-215 certified professional, Testsoon is here to help you achieve your goal. We know better what you need to pass your Oracle E-Business Suite R12: General Ledger and Payables Fundamentals exams. Our commitment is to provide you quality braindumps, exam science, practice test, questions and answers, study guide, tutorials and other course related material. Get everything you need to pass your Testsoon 1z0-215 answers .

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