You are implementing Oracle General Ledger at a ABC.com site. ABC.com is based in theUS but has a presence in many count
Posted: Sun Jun 11, 2023 4:00 pm
You are implementing Oracle General Ledger at a ABC.com site. ABC.com is based in theUS but has a presence in many countries worldwide, and has transactions in multiple currencies. The implementation team decides that GL multicurrency setup will be part of the implementation. The Controller wants a system which allows the flexibility to enter transactions in any foreign currency, and at the same time automatically performs currency conversion online and in real time. She wants to know whether this requirement could be satisfied. What is the correct response?
A. Account generator needs to be customized for journals to be entered in foreign currency.
B. Oracle GL provides this functionality and there is no problem in satisfying the requirement.
C. Workflow needs to be customized for journals to be entered in foreign currency.
D. Oracle GL does not support this functionality.
A. Account generator needs to be customized for journals to be entered in foreign currency.
B. Oracle GL provides this functionality and there is no problem in satisfying the requirement.
C. Workflow needs to be customized for journals to be entered in foreign currency.
D. Oracle GL does not support this functionality.