Oracle Database: SQL Fundamentals I 1Z0-051

Consider how management might deploy Oracle’s ERP solutions to comply with IAS 21, which is converged with FAS 52, and defines how organizations convert from the different currencies of their operations to their stock market reporting currency. If organizations have a “corporate control” approach to that, they might decide to convert trial balances in Hyperion Financial Management. However, if organizations need to consider lots of local data, they might do it in General Ledger using GL features. An organization that needs to see local detail in home currency might use our Reporting Currency feature to convert GL detail, as opposed to balances, or even all of the transactions in certain foreign operations. Organizations can select to do either current rate translation, required in banking and other industries, or historic rate re-measurement, required in manufacturing and exporting.