Question

You are currently implementing Oracle Cloud for the Singapore entity of your multinational customer. Their head office is located in Japan. Apart from Singapore, their other entities are using a legacy system. Their requirement is to implement Oracle Cloud in such a way that at the end of the financial year, all their financial reporting should be in Japanese Yen. How will you fulfill the above requirement?

Accepted Answer

Define one primary ledger with SGD (Singapore Dollars) as primary currency and use the reporting currency functionality to provide the necessary data in Japanese Yen currency.

Answer

Define one primary ledger with Japanese Yen currency so that all the subledger data gets converted to Japanese Yen automatically.

Answer

This requirement cannot be fulfilled.

Answer

Define two ledgers one in SGD (Singapore Dollars) and one in Japanese Yen and transfer data of all the subledgers in these two primary ledgers.

You are currently implementing Oracle Cloud for the Singapore entity of your multinational customer. Their head office is located in Japan. Apart…

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