Which three statements are true about Multi-Currency Billing?
A. Agreements, Events, and Bill Rates have to be in the same current as the Project Functional Currency.
B. Agreements,Events, and Bill Rates can all be different currencies than the ProjectFunctionalCurrency.
C. The Project Currency can be different from theFunctional Currency of the operating unitthat owns the project.
D. The ProjectCurrency has tobe the same as the Functional Currency of the operating unit that owns the project.
E. An agreementcan fund invoices in more than one currency.
Correct Answer: BCE
Explanation/Reference:
Explanation:
C:The multi-currency billing option can be set both at the operating unit level and at the project level. To enter agreements and rate schedules in any currency for a project, you must enable the multi- currency billing functionality for the operating unit. To enter events in any currency for a project, you can enable the functionality at the project level only. This value defaults from the project template You can override the default value for an individual project template or project.
Note:
Oracle Projects gives you the option to bill in a global environment when the multi-currency billing is enabled for an operating unit and for a project. When multi-currency billing is enabled, you can:
*Enter agreements, bill rates, and events in any currency regardless of the project functional currency(B)
*Designate the project functional currency, project currency, or funding currency as the invoice processing currency for a project
*Designate the project functional currency and the invoice transaction currency as the revenue transaction currency
*Define currency conversion attributes for converting revenue and invoicing amounts to the project currency, project functional currency, and funding currency
*Define currency conversion attributes for converting funding amounts to the project functional currency, and the project currency
*Define a default invoice currency for a project customer that is different from the project functional currency and assign conversion attributes for deriving revenue in this currency
References:
|
Download Printable PDF. VALID exam to help you PASS.
|
 |
