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NEW QUESTION 37
You have been assigned to troubleshoot a Create Accounting error.
What is the first step you need to take to use the diagnostics framework features?
- A. Run Create Accounting again to generate journal entries for the events that ended in error.
- B. Run the Accounting Events DiagnosticReport.
- C. Submit the Accounting Event Diagnostics process.
- D. Set the "SLA: Diagnostics Enabled" profile option.
Answer: D
NEW QUESTION 38
In the process of analyzing data from a source system you find that there are no reliable amounts that canbe used to build a subledger journal entry.
How can you resolve this challenge?
- A. Use a custom formula in a supporting reference to derive amounts.
- B. Use a custom formula in a description rule to derive amounts.
- C. Use a custom formula in a journal line rule to derive amounts.
- D. Use a custom formula in an account rule to derive amounts.
Answer: C
NEW QUESTION 39
Which four options are used to reconcile subledger journal entries?
- A. Tag supporting references with journal entry lines.
- B. Run the Subledger Accounting Diagnostics report.
- C. Build a custom OTBIreport.
- D. Run the Subledger Accounting Method Setups report.
- E. Set up reconciliation using the reconciliation reference accounting attribute.
- F. Assign a descriptive text and source on journal lines.
Answer: A,C,E,F
NEW QUESTION 40
Given the business use case:
'New Trucks' runs a fleet of trucks in a rental business In the U.S. Themajority 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 pass the calculated value for discount amounts in accounting rules to the corresponding journal line?
- A. Assign it to an accounting attribute.
- B. Assign it to an accounting method.
- C. Assign it to an account rule.
- D. Assign it to a transaction type.
Answer: C
NEW QUESTION 41
To support foreign currency transaction in Accounting Hub, which accounting attributes must be assigned a source?
- A. Conversiontype and conversion date
- B. Conversion type
- C. Conversion type, conversion date and conversion rate
- D. Conversion date and conversion rate
Answer: D
NEW QUESTION 42
Invoices received from a source system need touse a specific account based on 30 different expense types.
However, if the invoice is from a certain supplier type, it needs to go to a default account regardless of the expense type.
What is the solution?
- A. Create a 30 account combination rule with acondition of expense type.
- B. Create an account rule with 31 rule elements using one condition for each expense type and another for supplier type.
- C. Create two journal line rules with a condition of supplier type.
- D. Create an account rule with three rule elements using one for expense type mapping, one for condition of supplier type, and the other one without any condition.
Answer: D
NEW QUESTION 43
A customer has a business requirement to provide additional information about subledger Journals that cannot be found in a predefined report.
How can you meet this requirement?
- A. Build an OTBI analysis that includes a relevant subject area.
- B. Build a Financial Reporting Studio report that includes all dimensions.
- C. Create a Smart View report using the query designer feature.
- D. Use either Account Monitor or Account Inspector to getrequired Information.
Answer: A
NEW QUESTION 44
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 thirdparties 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.
What do you do to enable costs flow from 'New Truck' to 'Fix Truck'?
- A. Enable balancing rules
- B. Enable legal entity rule
- C. Enable chart of accounts rule
- D. Enable intercompany balancing option
Answer: D
NEW QUESTION 45
Most of the accounting entries for transaction from the source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use the TAX_AMOUNT source.
At what level can you override the default accounting attribute assignment?
- A. Journal Line Rule
- B. Journal Entry Rule Set
- C. Journal Entry
- D. Event Class
- E. Event Type
Answer: A
NEW QUESTION 46
While creating a journal entry rule set you are NOT able to use an account rule that was createdrecently.
Which two reasons can explain this?
- A. The account rule is using sources that have not been assigned to the same event class that is associated to the journal entry rule set.
- B. The account rule is defined with a different chart of accounts from the journal entry rule set.
- C. The account rule does not return any valid account value.
- D. The account rule is defined with conditions that are not allowing the assignment.
Answer: A,B
NEW QUESTION 47
What can you override in a completed subledger journal entry?
- A. the supporting Information
- B. the descriptions
- C. the account
- D. the amounts
Answer: C
NEW QUESTION 48
'Insurances for Homes' company provide home insurance service. They have in house built system that processes home insurance payments received from customers. The end result of the process consists of a listing ofindividual journal entries in a spreadsheet. They have requirements for getting all journal entries in a secure and auditable repository. Access will be limited to selective staff members. Additionally, be able to report and view the entries using an advanced reporting and analytical tools for slicing and dicing the Journal entries.
Insurance premium is to be recognized as income across the-coverage period of the insurance policy. How do you link the two journal lines in the recurring journal entries cases, so that these two journal lines are identified by the accounting process to create recurring Journal entries?
- A. Multiperiod class
- B. Recognition Journal class
- C. Recurring Journal class
- D. Accounting class
Answer: A
NEW QUESTION 49
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 inthe 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, 'NewTrucks' needs to be able to view: total maintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income.
How can the automatic recognition of insurance income be implemented in AccountingHub Cloud?
- A. Set up multiperiod accounting journal lines.
- B. Set up a transaction line reversal.
- C. Create an adjustment journal entry.
- D. Set up automatic Journal line reversal.
Answer: A
NEW QUESTION 50
Given the business use case:
'New Trucks' runs a fleetof 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 andrecognized 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 tobe able to view: total maintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income.
What would the typical line information be?
- A. Company
- B. Truck Type
- C. Customer Number
- D. TransactionDate
Answer: B
NEW QUESTION 51
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.
What wil the typical transaction information be at the header level?
- A. LineType
- B. Amount
- C. Currency
- D. Customer Number
Answer: D
NEW QUESTION 52
Given the business use case:
'New Trucks' runs a fleet of trucks in a rentalbusiness 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: totalmaintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income. 'New Trucks' and' Fix Trucks' are located in the same country and share chart-of accounts and accounting conventions.
How manyledgers are required to be set up?
- A. Two primary ledgers
- B. One primary, one secondary ledger
- C. One primary, one repotting currency ledger
- D. One primary ledger
Answer: D
NEW QUESTION 53
Which three are mandatory transaction source information?
- A. Transaction Date
- B. Transaction Line
- C. Ledger Name
- D. Distribution Link
- E. Transaction Number
Answer: A,C,E
NEW QUESTION 54
Which two can you use to view supporting reference balances?
- A. Use the Supporting Reference Balance Inquiry page.
- B. Use Business Intelligence Publisher to build a custom report.
- C. Use Oracle Transactional Business Intelligence to create an analysis using the Subledger Accounting - Supporting Reference Real Time subject area.
- D. Submit the standard Supporting Reference Balances Report.
Answer: A,C
NEW QUESTION 55
How do you enable diagnostics on subledger transaction sources?
- A. enable diagnostic source
- B. enable diagnostic profile
- C. enable diagnostic attribute
- D. enable transaction debug
Answer: B
NEW QUESTION 56
'Insurances for Homes' company provide home insuranceservice. They have in-house built system that processes home insurance payments received from customers. The end result of the process consists of a listing of individual journal entries in a spreadsheet. They have requirements for getting all journal entries in a secure and auditable repository. Access will be limited to selective staff members. Additionally, be able to report and view the entries using an advanced reporting and analytical tools for slicing and dicing the journal entries.
Insurance premiumIs to be recognized as income across the coverage period of the insurance policy. What are the two types of journal lines that need to be set up to generate recurring journal entries for insurance premium in each accounting period?
- A. Deferral and Recognition
- B. Offsets and Recognition
- C. Reversal and Recognition
- D. Multiperiod and Recognition
Answer: A
NEW QUESTION 57
You are explaining to an accountant that account override is an adjustment featureof Subledger Accounting.
Which two traits can help you explain this feature?
- A. The account override feature adjusts the original source transaction.
- B. The account override feature provides an audit trail by preserving the original subledger journal entry.
- C. The account override feature is only intended to correct subledger journals that have been posted.
- D. The account override feature allows users to record a reason for the adjustment.
Answer: B,D
NEW QUESTION 58
What are the tables or views from which the CreateAccounting process takes source data that is used in accounting rules to create journal entries referred to as?
- A. Event entities
- B. Transaction objects
- C. Mapping sets
- D. Source objects
Answer: B
NEW QUESTION 59
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