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NEW QUESTION 42
Which component of the Accounting Method is used to store additional source information about transactions and is also useful for reconciliation of accounting to source systems, as well as reporting?

• A. Description Rules
• B. Supporting References
• C. Journal Line Rules
• D. Conditions

Answer: B

NEW QUESTION 43
'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 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 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. Accounting class
• C. Recurring Journal class
• D. Recognition Journal class

Answer: A

NEW QUESTION 44
Which transaction source is used to link transaction header and line information?

• A. Transaction Number
• B. Transaction Type
• C. Transaction Date
• D. Transaction Key

Answer: A

NEW QUESTION 45
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?

• A. Capture customer information as the source and develop a custom report using Online Transactional Business Intelligence (OTBI).
• B. Use the Third Party Control Account feature.
• C. Use the Open Account Balances Listing report that has balances by customer.
• D. Use Supporting References to capture customer classification information.

Answer: D

NEW QUESTION 46
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. Set the "SLA: Diagnostics Enabled" profile option.
• B. Run the Accounting Events Diagnostic Report.
• C. Submit the Accounting Event Diagnostics process.
• D. Run Create Accounting again to generate journal entries for the events that ended in error.

Answer: A

NEW QUESTION 47
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