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LCM-001 Test Pattern - GAQM LCM-001 Actual Test, LCM-001 Practice Questions - FreeTorrent

LCM-001

Exam Code: LCM-001

Exam Name: Linux Certified Master (LCM)

Version: V22.75

Q & A: 580 Questions and Answers

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NEW QUESTION: 1
A user wants to enter a multiple currency journal in the General Ledger. What must the user do to see the conversion rate type, conversion date, and conversion rate columns?
A. At the Journal Header level, accept the default value in the currency field.
B. At the Journal Header level, select a blank value in the currency field.
C. At the Journal line level, accept the default value in the currency field.
D. At the Journal line level, select a blank value in the currency field.
Answer: C
Explanation:
Note: Maintain different conversion rates between currencies for the same period with the Oracle Fusion General Ledger conversion rate types functionality. Four predefined daily conversion rate types are seeded: Spot, Corporate, User, and Fixed, allowing you to use different rate types for different business needs. During journal entry, the conversion rate is provided automatically by the General Ledger based on the selected conversion rate type and currency, unless the rate type is user. For user rate types, you must enter the conversion rate. Define additional rate types as needed. Set your most frequently used rate type as the default. Conversion rate types cannot be deleted.

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