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| Section | Objectives |
|---|---|
| Transaction Data and Automation | - Understand transaction data and automation with web services |
| Accounting, Reporting, Audit, and Reconciliation | - Analyze accounting, reporting, audit, and reconciliation requirements |
| Accounting Rule Configuration | - Configure and analyze accounting rules |
| Functional Setup and Security | - Configure security roles and access - Use Functional Setup Manager |
| Reporting and Period Close | - Reporting and period close processes |
| Transaction Lifecycle | - Analyze transaction type life cycle |
| Source System and Integration | - Register source systems and integration options - Update registered source systems |
| Diagnostics | - Perform diagnostic and troubleshooting tasks |
| Adjust Journal Entries | - Manage and adjust journal entries |
| Modeling Considerations | - Analyze modeling considerations |
What is the duty role that needs to be assigned for authorizing accounting processing in Accounting Hub Cloud?
Correct Answer: A 🗳️
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?
Correct Answer: C,D 🗳️
How many transaction eventclasses can be set up for a subledger uploaded to Accounting Hub Cloud?
Correct Answer: C 🗳️
You are explaining to an accountant that account override is an adjustment featureof Subledger Accounting.
Which two traits can help you explain this feature?
Correct Answer: A,D 🗳️
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?
Correct Answer: D 🗳️
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