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Oracle Exam 1Z0-1054-23 Topic 1 Question 11 Discussion

Actual exam question for Oracle's 1Z0-1054-23 exam
Question #: 11
Topic #: 1
[All 1Z0-1054-23 Questions]

After completing a business requirement mapping session, it has been decided that only single Currency Journals will be entered for this Company.

To achieve this requirement, on which two objects should you enable ''Limit a Journal to a Single Currency''? (Choose two.)

Show Suggested Answer Hide Answer
Suggested Answer: B, C

To achieve the requirement of only single currency journals being entered for this company, you should enable ''Limit a Journal to a Single Currency'' on both ledger options and journal sources. Ledger options are settings that apply to a specific ledger, such as journal processing options, currency options, and average balance processing options. Journal sources are identifiers that indicate where a journal originated, such as manual entry, subledger accounting, or import. You can enable ''Limit a Journal to a Single Currency'' on both ledger options and journal sources using the Specify Ledger Options and Manage Journal Sources tasks in Setup and Maintenance. This will enforce single currency journals for journals entered on the Create Journal page and for journals that are imported. You do not need to enable ''Limit a Journal to a Single Currency'' on journal lookup codes, as these are codes that indicate the status of a journal, such as Entered, Posted, or Reversed. You do not need to enable ''Limit a Journal to a Single Currency'' on journal category, as this is an attribute that classifies journals by purpose or function, such as Purchase Invoices or Allocations. You do not need to enable ''Limit a Journal to a Single Currency'' on profile option, as this is a setting that affects the behavior of an application or feature for a user or responsibility.Reference: Oracle Financials Cloud: General Ledger 2022 Implementation Professional Objectives - Define Ledgers12


by Fanny at May 19, 2024, 01:54 PM

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Jolene
11 months ago
This question is as clear as mud. I'm just going to go with my gut and say B) Ledger options and D) Journal category. What could possibly go wrong?
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Martina
10 months ago
I agree with User2, B) and D) seem like the right choices.
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Kristofer
10 months ago
I'm going with B) Ledger options and D) Journal category.
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Wilda
10 months ago
I think it's A) Journal lookup codes and C) Journal sources.
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Cecilia
11 months ago
D) Journal category, really? That's like trying to fit a square peg in a round hole. I'm going with B) Ledger options and E) Profile option, all the way!
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Nadine
10 months ago
Let's go with B) Ledger options and E) Profile option then, it seems like the best choice.
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Belen
10 months ago
I think B) Ledger options and E) Profile option make more sense for this requirement.
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Alton
10 months ago
I agree, D) Journal category doesn't seem like the right choice.
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Elina
11 months ago
Hmm, I think A) Journal lookup codes and C) Journal sources are the way to go. Sounds like a pretty straightforward setup to me.
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Marge
11 months ago
Let's focus on Journal lookup codes and Journal sources first, and then we can explore other options if needed.
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Susy
11 months ago
I think we should also check if it affects Ledger options or Journal category.
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Chara
11 months ago
I agree, enabling it on Journal lookup codes and Journal sources should do the trick.
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Melvin
11 months ago
B) Ledger options and E) Profile option. That's the way to go! Gotta love those single currency journals, am I right?
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Wava
10 months ago
Definitely! It makes things so much simpler when dealing with different currencies.
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Brent
10 months ago
B) Ledger options and E) Profile option. That's the way to go! Gotta love those single currency journals, am I right?
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Bettina
10 months ago
Yes, enabling those two objects will definitely help in achieving the requirement. Single currency journals make things much simpler.
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Lisandra
11 months ago
Definitely! It makes things so much simpler when you only have to deal with one currency in a journal.
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Domingo
11 months ago
B) Ledger options and E) Profile option. That's the way to go! Gotta love those single currency journals, am I right?
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Denny
11 months ago
B) Ledger options and E) Profile option. That's the way to go! Gotta love those single currency journals, am I right?
upvoted 0 times
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