You have just been hired to add a new subsidiary to the corporate enterprise structure in the customer's Oracle Fusion Cloud. The subsidiary will capture transaction information from subledgers in the local currency and under International Financial Reporting standards (IFRS) and local GAAP for corporate reporting requirements, which will report via the use of a secondary ledger. The secondary ledger is used only at period end; there is no need to have real -time transaction or Journal details. It is noted that most of the accounting between IFRS and Corporate GAAP is similar. Which conversion level would you recommend to keep a thin secondary ledger?
A subsidiary company is about to configure their General Ledger in a highly regulated country where there is a legal requirement to produce fiscal reports under local GAAP. Subledgers transferring to General Ledger must use the local currency, and there is a requirement to report to the parent company (not local currency) using International Financial Reporting Standards (IFRS). Which two ledger types should be configured to fulfill this reporting requirement?
A company implementing Oracle General Ledger has a business requirement to report under two accounting conventions and is considering setting up a primary and secondary ledger. The two accounting standards are very close. Which data conversion level should you recommend to ensure only manual journals will be entered in the secondary ledger?
Which two statements are true about balances cubes in General Ledger?
In which two ways can your users personalize the Springboards and Work Areas to suit their individual working styles? (Choose two.)
Users with the General Accountant job role have reported that they are unable to access the UK Ledger. They require read/write access to the full ledger. The accounting configuration completed successfully. What should you do to allow access to the ledger?
