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 Journal line?
A. Assign a custom formula.
B. Assign an accounting attribute.
C. You do not need to do anything additional.
D. Assign a line classification or line type attribute.
A financial analyst at your workplace would like to frequently view Journal entries report with all line details attributes with user's specific set of criteria and pivot table.
What is the solution to implement this requirement quickly?
A. Build a new data warehouse solution.
B. Build a custom Oracle Transactional Business Intelligence report on subledger accounting subject areas.
C. Request support team to download subledger Journal entry data.
D. Run predefined reports and filter the report with the available report parameters.
What feature is NOT provided by Fusion Accounting Hub Reporting Cloud Service (FAHRC)?
A. transfer Balances to FAH Reporting Cloud Service
B. synchronize setup data from Oracle R12 E-Business Suite to FAH Reporting Cloud Service
C. upload transaction data into FAH Reporting Cloud Service
D. provide real-time visibility to financial reports in FAH Reporting Cloud Service
Given the business requirement in the 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 are the key transaction types mentioned in the use case?
A. Pay Insurance and Control Truck Services
B. Initiate Truck Rentals Contract and Pay Truck Maintenance
C. Purchase Trucks and Deploy Trucks
D. Purchase Trucks and Pay Out Trucks
A customer's business requirement demands a more granular view of transferred subledger journal entries in GL.
Which of the available General Ledger Journal Entry Summarization options meets this requirement?
A. Summarize by GL Date
B. Summarize by GL Period
C. Group by GL Date
D. Transfer in Details
How many transaction event classes can be set up for a subledger uploaded to Accounting Hub Cloud?
A. Two
B. One
C. Three
D. Unlimited
How do you enable diagnostics on subledger transaction sources?
A. enable diagnostic profile
B. enable diagnostic attribute
C. enable diagnostic source
D. enable transaction debug
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.
How do you pass the calculated value for discount amounts in accounting rules to the corresponding journal line?
A. Assign it to an accounting method.
B. Assign it to an account rule.
C. Assign it to a transaction type.
D. Assign it to an accounting attribute.
Which is used to track a specific transaction attribute on subledger journal entries?
A. value set rules
B. lookup value rules
C. supporting references
D. account rules
What is the duty role that needs to be assigned for authorizing accounting processing in Accounting Hub Cloud?
A. Accounting Hub Create Accounting Duty Role
B. Accounting Hub Import Duty Role
C. Accounting Hub Integration Duty Role
D. Accounting Hub Create and Post Journal Entry Duty Role
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