Multiple choice technology packaged enterprise solutions

Customer receives payment with a different currency than on the invoice. What setting will the customer need to make on the system to handle cross currency receipts

  1. A. Need to set up a quick code

  2. B. Need to set up a system option

  3. C. Need to set up profile option

  4. D. None of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Profile options in Oracle E-Business Suite control system behavior and user preferences. Cross-currency receipts are enabled through the AR: Enable Multi-Currency Receipts profile option or similar profile settings. Quick codes are for predefined lists, system options are module-wide settings (not typically for currency features), and 'None of the above' would be incorrect because this is definitely a profile option.

AI explanation

The correct answer is that a profile option must be configured, not 'None of the above.' Oracle Receivables requires the profile option 'AR: Enable Cross Currency' to be set to Yes (at Site, Application, or User level) before receipts can be applied against invoices in a different currency. A Cross Currency Rounding Account (defined in System Options) and a Suspense Account are also part of the full setup, but the profile option is the specific gating configuration being asked about.

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