What is a benefit of the secondary tracking segment?
Additional security ensures that correct accounts are selected while entering transactions.
The Management segment is enabled automatically when the secondary segment is defined.
More details are provided to retained earnings, cumulative translation adjustments, and revaluation gains/losses accounts.
Correct answer: C
Question 2
Isa Global Inc. is based in the United States with divisions in Europe and Asia. All journal imports, recurring journals, mass allocations, and manual journal entries have been posted for their European subsidiary. What is the next logical step in the period-close process?
opening the next period
closing the current period
revaluing foreign currency balances
translating to the functional currency
consolidating to the parent set of books
Correct answer: C
Question 3
Select two actions that ledger sets permit. (Choose two.)
performing variance inquiries
being used for mass budgets
sending budget balance inquiries
viewing account balances for multiple ledgers in one view
grouping multiple ledgers that share the same chart of accounts and calendar