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1. A customer's business requirement demands a more granular view of transferred subledger journal entries in GL.
Which of the available General LedgerJournal Entry Summarization options meets this requirement?
A) Group by GL Date
B) Summarize by GL Period
C) Summarize by GL Date
D) Transfer in Details
2. Which two actions can you accomplish for a registered source system?
A) Import the source system registration spreadsheet template multiple times as long as there are no accounting rules created yet.
B) Modify the subledger application name as long as thereare no pending accounting entries.
C) Revise source Information through the user interface and add more sources.
D) Add new event classes through the user interface.
3. What feature is NOT provided by Fusion Accounting Hub Reporting Cloud Service (FAHRC)?
A) upload transaction data into FAH Reporting Cloud Service
B) provide real-time visibility to financial reports inFAH Reporting Cloud Service
C) transfer Balances to FAH Reporting Cloud Service
D) synchronize setup data from Oracle R12 E-Business Suite to FAH Reporting Cloud Service
4. '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) Reversal and Recognition
B) Multiperiod and Recognition
C) Deferral and Recognition
D) Offsets and Recognition
5. What can you override in a completed subledger journal entry?
A) the account
B) the supporting Information
C) the descriptions
D) the amounts
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A,C | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: A |
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