Oracle Exam 1Z0-1054-23 Topic 1 Question 7 Discussion

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

Question #: 7
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 Mariann at Apr 12, 2024, 07:46 PM

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Cecilia

6 months ago

I understand that viewpoint, but Spreadsheet level could also be considered as it allows for flexibility in reporting.

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Sharika

6 months ago

I personally think Balances Level is the way to go since it gives a snapshot of balances without the need for daily data.

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Rolland

6 months ago

I see where you're coming from, but Adjustment only level might be better as it focuses on only necessary adjustments.

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Lynelle

6 months ago

I disagree, I believe Journal Level would be more appropriate as it provides a summary of transactions without daily balances.

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Bernardine

7 months ago

I think the best option would be Subledger level because it provides detailed information while minimizing data stored.

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Jettie

7 months ago

I believe Adjustment only level would be more appropriate to minimize the stored data.

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Martha

7 months ago

But wouldn't Journal Level be better for reporting to the parent company on a monthly basis?

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Dierdre

7 months ago

I agree with User 1. Subledger level conversion provides more detailed information.

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Albert

7 months ago

I think the best option would be the Subledger level.

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Charlene

8 months ago

Haha, Spreadsheet level, are you kidding me? We might as well just write everything down on a napkin and fax it over. No way that's the right answer here.

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Crista

8 months ago

Hmm, I'm not sure. Balances Level seems a bit overkill if we're trying to minimize data. And Spreadsheet level? Really? That seems a bit too manual and error-prone to me.

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Eladia

8 months ago

Yeah, Adjustment only level makes the most sense to me too. Although, I do wonder if Balances Level might work as well, since we don't need daily balances.

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Lili

7 months ago

I agree, Balances Level could work too since we don't require daily balances.

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Lili

7 months ago

Yes, Adjustment only level would be sufficient for our needs.

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Annamae

8 months ago

I'm leaning towards Adjustment only level. That way we can just store the adjustments needed to convert the local currency to the reporting currency, right? It seems like the most efficient option given the requirements.

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Glen

8 months ago

Okay, let's think this through step-by-step. The subsidiary is in another country, so we need to consider currency conversion. And we want to minimize the data stored, so that rules out some options like Subledger or Journal Level.

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Kathryn

8 months ago

This is a tricky question. I'm not sure if I fully understand the requirements. Can we go through them again to make sure I have it right?

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