You are implementing Oracle General Ledger at a client site. The client is based in the U.S.
but has a global 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. One of the companies in Europe has a requirement to maintain account
balances both in U.S. dollar and in euros, and for this purpose they have to enter each
transaction twice in their present system, once in U.S. dollars and then again in euros. The
Controller wants a system where transactions can be entered only in one currency, and then
be automatically converted into another currency. Additionally they need the flexibility to
enter different exchange rates for different types of accounts. He wants to know whether this
requirement cold be fulfilled. What is your response?
A.
Oracle GL provides this functionality and there is no problem in satisfying the
requirements.
B.
Workflow needs to be customized to satisfy this requirement.
C.
Transactions could be automatically converted into another currency, but different
exchange rate types are not supported.
D.
Oracle GL does not support this functionality.