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NEW QUESTION 50
What are all the tabs that are available to be completed in the Register Source System spreadsheet?

  • A. Source System and Transaction Information
  • B. Source System and Line Information
  • C. Source System
  • D. Source System, Transaction Information, and Line Information

Answer: D

 

NEW QUESTION 51
Given the business use case:
'Insurances for Homes' company provides home insurance services. They have an in-house built system that processes 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, the company need to be able to report and view the entries using advanced reporting and analytical tools for segmenting, viewing and understanding data in the journal entries.
The line information may contain more than one line for the same header.
When uploading transactions, which is a way to differentiate each Journalline?

  • A. You do not need to do anything additional.
  • B. Assign a custom formula.
  • C. Assign a line classification or line type attribute.
  • D. Assign an accounting attribute.

Answer: A

 

NEW QUESTION 52
'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. Offsets and Recognition
  • B. Deferral and Recognition
  • C. Reversal and Recognition
  • D. Multiperiod and Recognition

Answer: D

 

NEW QUESTION 53
Which four options are used to reconcile subledger journal entries?

  • A. Tag supporting references with journal entry lines.
  • B. Set up reconciliation using the reconciliation reference accounting attribute.
  • C. Run the Subledger Accounting Diagnostics report.
  • D. Run the Subledger Accounting Method Setups report.
  • E. Build a custom OTBI report.
  • F. Assign a descriptive text and source on journal lines.

Answer: A,B,E,F

 

NEW QUESTION 54
Given the subledger journal entry:
1Z0-1060-22-428b1f608a2bcdcea5064e1072e19889.jpg
Note that the first segment is the primary balancing segment.
Which statement is True regarding this subledger journal entry?

  • A. It is not balanced by entered currency.
  • B. It appears correct.
  • C. It is not balanced by balancing segment.
  • D. It is not balanced by entered amounts.

Answer: C

 

NEW QUESTION 55
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