Oracle Exam 1Z0-516 Topic 8 Question 19 Discussion

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

Question #: 19
Topic #: 8

Isa Global Inc. is based in the United States with divisions in Europe and Asi

a. 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?

Aopening the next period

Bclosing the current period

Crevaluing foreign currency balances

Dtranslating to the functional currency

Econsolidating to the parent set of books

Show Suggested Answer

Suggested Answer: D

by Theola at May 07, 2024, 06:50 AM

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Shawn

12 days ago

Opening the next period? What is this, amateur hour? Closing the current one is clearly the way to go here.

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Jamie

14 days ago

I'm leaning towards translating to the functional currency. Gotta get those numbers aligned before consolidating, don't you think?

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Blair

18 days ago

I believe revaluing foreign currency balances should be done before closing the period to ensure accurate financial reporting.

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Meghann

19 days ago

I agree with Stephaine, closing the current period makes sense to finalize the financials.

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Lashawn

20 days ago

Hmm, revaluing foreign currency balances seems like the obvious next step. Can't close the period without doing that first, right?

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Stephaine

20 days ago

I think the next logical step is closing the current period.

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Carolynn

21 days ago

I believe revaluing foreign currency balances should be done before closing the period to ensure accuracy.

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Annmarie

24 days ago

I agree with Alverta, closing the current period makes sense to finalize the financials.

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Alverta

25 days ago

I think the next step should be closing the current period.

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