Oracle Analytics Cloud 2020 Implementation Essentials — Question 23

A company based in the United Kingdom has their currency set to GBP. The company collects data from a United States based subsidiary. The subsidiary's functional currency is USD.
Which two items facilitate the reporting of the subsidiary's Common Stock balance at a historical rate in the GBP reporting currency?

Answer options

• A. Rate data for Common Stock must be loaded or entered in the Override Rates form.
• B. Common Stock must have an Exchange Rate Type set to Historical Rate Override.
• C. Common Stock must have a Data Storage property set to Never Share.
• D. USD must be created as a reporting currency.
• E. The subsidiary must have a parent entity with a GBP currency.

Correct answer: A, E

Explanation

The correct answers are A and E because loading historical rate data for Common Stock in the Override Rates form (A) ensures accurate reporting at the historical rate, while having a parent entity in GBP (E) allows for proper currency conversion. Options B, C, and D do not directly contribute to the reporting of the Common Stock balance at a historical rate.