Cloud Kicks (CK) plans to implement Advanced Currency Management for its Salesforce implementation. CK has Roll-up Summary fields on the Account and Opportunity.
What should CK consider when enabling Advanced Currency Management in its Salesforce org?
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A. B. C. D.A
When enabling Advanced Currency Management in a Salesforce org, Cloud Kicks (CK) should consider the following points:
A. Opportunity Roll-up summary fields will update from the opportunity Line item object. This statement is incorrect. Enabling Advanced Currency Management does not directly affect how roll-up summary fields behave. Roll-up summary fields on the Opportunity object will continue to update based on the specified criteria, such as summing up values from related records, regardless of currency conversion.
B. Account Roll-up Summary fields will update from the Opportunity object. This statement is incorrect. Enabling Advanced Currency Management does not impact the behavior of roll-up summary fields on the Account object either. Account roll-up summary fields will still update based on the defined criteria, such as summing up values from related records, regardless of currency conversion.
C. Dated exchange rates are used in Opportunity forecasting or currency fields in other types of reports. This statement is correct. When Advanced Currency Management is enabled, Salesforce uses dated exchange rates for Opportunity forecasting and currency fields in various types of reports. Dated exchange rates take into account the historical conversion rates for different currencies based on the specified dates. This ensures accurate reporting and forecasting when dealing with multiple currencies.
D. Account cross-object formulas always use the dynamic conversion rate for currency conversion. This statement is incorrect. Enabling Advanced Currency Management does not impact the behavior of cross-object formulas in regards to currency conversion. Account cross-object formulas will continue to use the conversion rates based on the specified context of the formula field, which can be either static or dynamic conversion rates, regardless of Advanced Currency Management being enabled.
In summary, when enabling Advanced Currency Management in a Salesforce org, Cloud Kicks should consider that dated exchange rates are used for Opportunity forecasting and currency fields in reports. However, the behavior of roll-up summary fields and account cross-object formulas remains unchanged regardless of Advanced Currency Management being enabled.