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

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

There is a business requirement for a subsidiary company to report to the parent company on a monthly basis.

Given that:

The subsidiary is in another country from the parent.

There is no requirement to have daily balances.

The objective is to minimize the data stored in the reporting currency.

Which data conversion level should you recommend?

Show Suggested Answer Hide Answer
Suggested Answer: D

According to Oracle documentation, when there is a business requirement for a subsidiary company to report to the parent company on a monthly basis with different currencies and no requirement to have daily balances, you should recommend Balance level as the data conversion level. A Balance level data conversion level enables you to translate balances from one currency to another at month-end or quarter-end for reporting purposes. A Balance level data conversion level minimizes the data stored in the reporting currency because it does not store daily balances or journal details. Therefore, option D is correct. Option A is incorrect because a Subledger level data conversion level stores daily balances and journal details in the reporting currency. Option B is incorrect because a Journal Level data conversion level stores journal details in the reporting currency. Option C is incorrect because an Adjustment only level data conversion level does not translate balances from one currency to another. Option E is incorrect because a Spreadsheet level data conversion level does not exist.


Contribute your Thoughts:

Murray
6 months ago
I think Adjustment only level could also work, as it focuses on only the necessary adjustments for reporting purposes.
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Josephine
7 months ago
That's a valid point, but Subledger level might be more efficient in terms of data storage and minimizing reporting currency data.
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Candida
7 months ago
But wouldn't Journal Level be a better option? It captures all transactions and simplifies the reporting process.
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Jerrod
7 months ago
I agree with Josephine. Subledger level provides the necessary level of detail for reporting to the parent company.
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Josephine
7 months ago
I think we should recommend the Subledger level for data conversion.
upvoted 0 times
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