What can you override in a completed subledger journal entry?
A
What is the terminology that is used to refer to the number of transactions processed by Create Accounting in one commit
cycle?
D
What kind of sequence can be assigned to subledger journal entries at the time that the journal entries are created in final
mode?
B
'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?
D
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 calculate discounts for use in the accounting rule?
C
Which two can you use to view supporting reference balances?
C D
What are all the tabs that are available to be completed in the Register Source System spreadsheet?
C
You need to build a complex account rule. Which four value types can you use in your definition?
A B C F
A customer has four external systems: Consumer Loan, Auto Loan, Home Loan and Insurance. Functional users are allowed
to process and view transactions and accounting for all these systems.
Which two implementations allow similar accounting rules to be shared?
A B
Which transaction source is used to link transaction header and line information?
C