Oracle Exam 1Z0-516 Topic 10 Question 34 Discussion

Actual exam question for Oracle's 1Z0-516 exam

Question #: 34
Topic #: 10

Which three are the benefits of the Currency Rates Manager in Oracle General Ledger? (Choose three.)

AYou can maintain daily rates and historical rates more easily.

BYou get improved efficiency with the help of the spreadsheet interface.

CYou can maintain consistency among different currency conversion rates.

DAdditional security ensures that historical rates can be uploaded to closed or future periods only.

EYou can maximize intercompany imbalances during intercompany eliminations of foreign currency transactions that are due to exchange rate differences.

Show Suggested Answer

Suggested Answer: B

by Marti at Oct 18, 2024, 02:24 AM

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Basilia

1 months ago

Hmm, let's see... A, C, and D seem like the obvious choices. But E? That's got to be the 'exchange rate difference' between a good feature and a bad one. Gotta love those accounting jokes!

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Bettina

8 days ago

User 2: Yeah, those choices make sense. E does seem a bit tricky with the intercompany imbalances.

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Doretha

20 days ago

User 1: I think A, C, and D are the best options for the benefits of the Currency Rates Manager.

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Myra

1 months ago

I'm with you all on A, C, and D. But I have to say, option E is just begging to be the subject of a bad accounting pun. 'Maximizing intercompany imbalances'? More like 'maximizing my headaches'!

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Carlee

2 months ago

Haha, Lauran is right, option E is a bit weird. Personally, I'm going with A, B, and C. The spreadsheet interface sounds super handy, and who doesn't love improved efficiency?

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Shenika

13 days ago

The spreadsheet interface does sound like it would make things easier.

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Lashawnda

15 days ago

I think maintaining consistency among different currency conversion rates is crucial.

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Erinn

1 months ago

I agree, A, B, and C seem like the most beneficial options.

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I agree, A, C, and D seem like the right choices. But I'm a little confused about option E. Maximizing intercompany imbalances? That doesn't sound like a benefit to me, more like an accounting headache!

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Lashawn

1 months ago

User 3: I agree, A, C, and D are the most important benefits. Option E might be more advanced and not necessary for everyone.

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Judy

1 months ago

User 2: I think option E might be helpful for balancing out foreign currency transactions, even though it sounds complicated.

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Oliva

1 months ago

User 1: A, C, and D are definitely the right choices. Option E does sound confusing.

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Jacklyn

2 months ago

Wow, this question covers a lot of the key benefits of the Currency Rates Manager. I think A, C, and D are the correct answers. The ability to maintain daily and historical rates, ensure consistency, and control access to closed/future periods are really important features.

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