Oracle Fusion Financials 11g Accounts Receivable Essentials: 1Z0-506

Your company operates in an environment of a highly inflationary economy and fluctuating exchange rates.

Which data conversion level should you use?

A. Balance Level

B. Only Journal Level

C. Only Subledger Level

D. Adjustment Only

E. Subledger Level or Journal Level

In the customer hierarchy of ABC Corporation, ABC Worldwide is the parent company of ABC USA and ABC Japan. ABC West is a subsidiary of ABC USA.

Select three valid statements if the ABC corporation hierarchy is assigned to a Pay Below Paying relationship.

A. ABC Worldwide can pay for ABC USA, ABC Japan, ABC West, and its own transactions.

B. ABC Japan can pay tor ABC West, ABC USA, and its own transactions.

C. ABC USA can pay for ABC West and its own transactions.

D. ABC Japan can pay its own transactions.

E. ABC USA can pay for ABC Worldwide, ABC West, and its own transactions.

An invoice for $100 has revenue deferred due to unmet payment based contingencies and the Invoice Accounting Used for Credit Memos profile option is set to Yes. A credit memo of $50 has been issued against this Invoice.

Explain how revenue accounting will occur.

A. Unearned revenue will be debited for $50.

B. Earned revenue will be credited for $50.

C. Unearned revenue will be credited for $100.

D. Earned revenue will be debited for $50.