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

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. Translate only the adjusting journal entry
B. Rerun Translation and then reconsolidate your results
C. Enter another adjusting journal entry in the target currency to true up the balances
D. Rerun Revaluation and then rerun Translation
Answer: B

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. Manually enter the journal entries into a new journal type on company ABC, and copy the journal type to the other entities
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. Copy journal 101 into a new journal type for other entities, and include year ending rules
Answer: B

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