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Question: 2

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

  1. opening the next period
  2. closing the current period
  3. revaluing foreign currency balances
  4. translating to the functional currency
  5. consolidating to the parent set of books


Answer: C

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Question: 3

Select two actions that ledger sets permit. (Choose two.)

  1. performing variance inquiries
  2. being used for mass budgets
  3. sending budget balance inquiries
  4. viewing account balances for multiple ledgers in one view
  5. grouping multiple ledgers that share the same chart of accounts and calendar


Answer: D, E

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Question: 4

Select three activities that must be performed to complete the setup of the key accounting flexfield. (Choose three.)

  1. Create aliases.
  2. Define a value set.
  3. Define security rules.
  4. Define an account structure.
  5. Define valid segment values.
  • Create account combinations.

  • Answer: B, D, E

    Question: 2

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

    1. opening the next period
    2. closing the current period
    3. revaluing foreign currency balances
    4. translating to the functional currency
    5. consolidating to the parent set of books


    Answer: C