You have created a description rule. When you try to select this description rule to be displayed as a header description rule in a journal entry rule set, you are not able to find this rule in the list of values.
What is the possible reason for NOT finding the rule?
A. The rule is built using a value set source.
B. The source does not return any value; therefore the rule is not displayed.
C. The rule is built using a line level source.
D. The rule is built using a custom source.
What attribute of a subledger journal entry is NOT transferred to GL?
A. Accounting class
B. Accounting lines
C. Accounted amounts
D. Supporting references
What are the tables or views from which the Create Accounting process takes source data that is used in accounting rules to create journal entries referred to as?
A. Transaction objects
B. Event entities
C. Source objects
D. Mapping sets
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
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
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.
'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. Recognition Journal class
B. Recurring Journal class
C. Accounting class
D. Multiperiod class
The new billing source system has been registered into Accounting Hub Cloud. The subledger is in active state. At a later date, the business decides to bring in another legacy system (for example, a payment system) for accounting in Accounting Hub.
What two options do you have?
A. Add this as a new transaction type into existing registered subledger from the user interface.
B. Register it as a new source system.
C. Add this as a new transaction typo into existing subledger registration spreadsheet template.
D. Change the transaction data file.
You are explaining to an accountant that account override is an adjustment feature of Subledger Accounting.
Which two traits can help you explain this feature?
A. The account override feature provides an audit trail by preserving the original subledger journal entry.
B. The account override feature adjusts the original source transaction.
C. The account override feature is only intended to correct subledger journals that have been posted.
D. The account override feature allows users to record a reason for the adjustment.
Given the subledger journal entry:
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 balancing segment.
B. It is not balanced by entered currency.
C. It is not balanced by entered amounts.
D. It appears correct.
