Computer Operations Inc. has its headquarters in Frankfurt. It uses two ledgers: one for
corporate accounting (primary) and another for statutory reporting (secondary). Both ledgers
have different charts of accounts and accounting calendars but use EUR as the functional
currency. It has a subsidiary in California, which uses its own chart of accounts and the USD
currency. Identify two options by which Computer Operations Inc. can consolidate their
global operations. (Choose two.)
A.
A secondary ledger must be defined for California.
B.
Consolidation can be done by mapping between the California secondary ledger and the
Frankfurt secondary ledger.
C.
A new ledger set must be defined, which will group the Frankfurt primary ledger and the
California secondary ledger.
D.
The chart of accounts and calendar of the Frankfurt secondary ledger must be the same
as that of the California secondary ledger.