Oracle Financials Cloud: General Ledger 2017 Implementation Essentials: 1Z0-960

Your foreign currency transactions need to be revalued every month. For balance sheet accounts, you reverse the revaluation journals in the next period. You are using the period- to-date (PTD) method of revaluation tor your income statement accounts.

When should you reverse revaluation journals, if at all required?

A. Reverse them in the same period as the revaluation run.

B. Both balance sheet and income statement revaluation journals should be reversed in the period.

C. Never, because each period's revaluation adjustment is just for that period.

D. The reversals must be done at the end of each quarter.

Alter submitting the journal for approval, you realize that the department value in the journal incorrect. How do you correct the value?

A. Delete the journal and create a new journal.

B. Update the journal through workflow

C. Click the Withdraw Approval button in the Edit Journals page and edit the journal.

D. Reverse the journaland create a new one.

Journal approval uses Approvals Management Extension (AMX).

Which AMX builder method is most effective in routing the journals to the Accounting Manager when the General Ledger Accountant enters the journal?

A. Supervisory level based on HR Supervisors

B. Job level

C. Position

D. Approval Group