Oracle Exam 1Z0-1054-23 Topic 1 Question 12 Discussion

Actual exam question for Oracle's 1Z0-1054-23 exam

Question #: 12
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?

ASubledger level

BJournal Level

CAdjustment only level

DBalances Level

ESpreadsheet level

Show Suggested 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.

by Elena at Jun 02, 2024, 06:42 AM

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Alyssa

5 months ago

E) Spreadsheet level, because who doesn't love a good old-fashioned Excel report? Just kidding, I'm going with D) Balances Level for this one.

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Colette

4 months ago

I think E) Spreadsheet level could work too, especially if the subsidiary company is already using Excel for their reporting.

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Whitley

5 months ago

I agree, D) Balances Level would be the best option to minimize the data stored in the reporting currency.

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Toshia

6 months ago

Hmm, I'm torn between B) Journal Level and C) Adjustment only level. Gotta love these tricky business requirements!

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Felice

5 months ago

I agree, C) Adjustment only level seems like the most efficient choice for this scenario.

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Felice

5 months ago

I think C) Adjustment only level would be the best option to minimize the data stored in the reporting currency.

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Dorothy

6 months ago

B) Journal Level is the best option. Keeping the data at the journal level will give the parent company more flexibility in their reporting.

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Felix

5 months ago

C) Adjustment only level

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Ronny

5 months ago

B) Journal Level

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Paz

5 months ago

A) Subledger level

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Wilburn

6 months ago

D) Balances Level would be my pick. Reporting on balances is probably the most efficient way to meet the requirements without getting too complex.

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Gilma

6 months ago

C) Adjustment only level seems like the way to go here. We want to minimize the data stored, and adjustments should be enough for monthly reporting.

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Ruth

5 months ago

Yes, that makes sense. It would simplify the reporting process for the subsidiary company.

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Dorothy

5 months ago

I agree, Adjustment only level would be the best option to minimize data stored.

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Buck

5 months ago

Yes, that makes sense. It would keep the data stored to a minimum while still providing the necessary information.

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Hui

5 months ago

I agree, Adjustment only level would be the most efficient for monthly reporting.

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Art

6 months ago

Adjustment only level is definitely the most efficient choice for this scenario.

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Tanesha

6 months ago

It makes sense, we only need the necessary adjustments for monthly reporting.

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Lera

6 months ago

I agree, Adjustment only level would be the best option to minimize data stored.

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Tamar

6 months ago

I disagree, I believe the Balances Level would be more appropriate to minimize data stored in the reporting currency.

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Gail

6 months ago

I think we should recommend the Subledger level for data conversion.

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