You are implementing Oracle General Ledger at a client site. The client is based in the U.S.
but has a presence in many countries worldwide, and has transactions in multiple
currencies. The implementation team decides that GL multi currency setup will be part of the
implementation. The GL accountant tells you that the companys outstanding loans in Europe
in euros, and at every month end there is a need to revalue and report these loans in US
dollars on the current exchange rate. She wants a system that automatically performs this
revaluation using the month-end exchange rates. She wants to know whether this
requirement can be satisfied. What is your response?
A.
Oracle GL provides this functionality and there is no problem in satisfying the
requirement.
B.
Account generator needs to be customized to satisfy this requirement.
C.
Workflow needs to be customized to satisfy this requirement.
D.
Oracle GL does not support this functionality.
Explanation: