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NEW QUESTION 42
Which statement is true about accounting transformation?
- A. It is the process of converting transaction or activities from any source systems into journal entries.
- B. It is used to build approval rules for transaction recorded in third party source system.
- C. It is the process of converting transaction or activities into journal entries that are recorded only Oracle -owned source system.
- D. It allows recording of transaction directly in the registration third-party source system.
Answer: A
NEW QUESTION 43
How do you enable diagnostics on subledger transaction sources?
- A. enable diagnostic source
- B. enable diagnostic attribute
- C. enable diagnostic profile
- D. enable transaction debug
Answer: C
NEW QUESTION 44
To support foreign currency transaction in Accounting Hub, which accounting attributes must be assigned a source?
- A. Conversion type
- B. Conversion type and conversion date
- C. Conversion date and conversion rate
- D. Conversion type, conversion date and conversion rate
Answer: C
NEW QUESTION 45
What is NOT included in the minimum required accounting attribute assignments?
- A. Second Distribution Identifier
- B. Distribution Type
- C. First Distribution Identifier
- D. Accounting Date
Answer: A
NEW QUESTION 46
Given the business use case:
‘New Trucks’ runs a fleet of trucks in a rental business In the U.S. Themajority 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 account rule.
- B. Assign it to an accounting method.
- C. Assign it to an accounting attribute.
- D. Assign it to a transaction type.
Answer: C
NEW QUESTION 47
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