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NEW QUESTION: 1
Your company wants to change the Cumulative Translation Adjustment (CTA) account to record gains/losses from varying currency rates.
What steps must you perform to achieve this objective without causing data corruption?
A. Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.
B. Open the Ledgers page and update the CTA account and then rerun Translation for all periods required. The system will automatically update the translated balances.
C. Query the Translation journals and delete all of them, then change the CTA account in the Ledger page, and rerun Translation for all periods required.
D. Purge all translated balances, change the CTA account in the Ledger page, and rerun
Translation for all periods required.
Answer: B
Explanation:
Reference:
http://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20375/F350915AN25358.htm


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