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NEW QUESTION: 1
The PRIMARY reason to follow up on prior-year audit reports is to determine if
A. identified control weaknesses have been addressed
B. prior-year recommendations have become irrelevant
C. inherent risks have changed
D. significant changes to the control environment have occurred
Answer: A

NEW QUESTION: 2
You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results. What is Oracle's recommended practice when this occurs?
A. Rerun Translation and then reconsolidate your results
B. Translate only the adjusting journal entry
C. Enter another adjusting journal entry in the target currency to true up the balances
D. Rerun Revaluation and then rerun Translation
Answer: A

NEW QUESTION: 3
Company ABC has a 20 line year-end journal entry in journal 101. Several other entities would like to use these journal entries for their new fiscal year. However, all of the entities already have ajournal 101. How can the administrator use the journal entries in journal 101 for ABC without overwriting the other entities' own journals?
A. Copy journal 101 into a new journal type for other entities, and include year ending rules
B. Manually enter a new journal entry in the other entities' existing journal type.
C. Copy journal 101 into an automatic journal for other entities
D. Manually enter the journal entries into a new journal type on company ABC, and copy the journal type to the other entities
Answer: B

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