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| Section | Weight | Objectives |
|---|---|---|
| Accounting Hub Overview | 10% | - Business benefits and use cases - Subledger Accounting (SLA) overview - Architecture and core concepts |
| Reporting and Inquiry | 15% | - Accounting Hub reports and dashboards - Journal inquiry and drill-down - Reconciliation and diagnostics |
| Source System Integration | 20% | - Register source systems - File-based data import and mapping - Define transaction objects and attributes |
| Accounting Rules Configuration | 30% | - Description and journal line rules - Event model and event classes/types - Supporting references and accounting methods - Account rules and mapping sets |
| Implementation and Security | 10% | - Role-based access control - Implementation lifecycle - Troubleshooting and best practices |
| Transaction Processing | 15% | - Transaction validation and error handling - Transfer to General Ledger - Create Accounting process |
How do you enable diagnostics on subledger transaction sources?
Correct Answer: B 🗳️
Given the business use case:
'New Trucks' runs a fleet of trucks in a rental business In the U.S. The majority of the trucks are owned; however, in some cases, 'New Truck' may procure other trucks by renting them from third parties to their customers. When trucks are leased, the internal source code is 'L'. When trucks are owned, the internal source code is 'O'. This identifies different accounts used for the Journal entry. Customers sign a contract to initiate the truck rental for a specified duration period. The insurance fee is included in the contract and recognized over the rental period. For maintenance of the trucks, the "New Trucks* company has a subsidiary company
'Fix Trucks' that maintains its own profit and loss entity. To track all revenue, discounts, and maintenance expenses, 'New Trucks' needs to be able to view: total maintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income.
How do you set up an account rule that is based on leased and owned trucks?
Correct Answer: A 🗳️
You need to build a complex account rule. Which four value types you use in yourdefinition?
Correct Answer: A,C,D,F 🗳️
Which two can you use to view supporting reference balances?
Correct Answer: B,D 🗳️
You are implementing Fusion Accounting Hub for your external Accounts Receivables system. The external system sends invoices billed and cash receipts in a flat file, along with the customer classification information.
You want the accounting amounts to be tracked by customers too but you do not want to add a Customer segment to your chart of accounts.
What is the solution?
Correct Answer: A 🗳️
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