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| Section | Weight | Objectives |
|---|---|---|
| Reporting, Auditing and Diagnostics | 10% | |
| Register and Update Source Systems | 15% | |
| Analyze Transaction Type Life Cycle | 15% | |
| Upload Transaction Data and Adjust Journal Entries | 10% | |
| Analyze Accounting, Reporting, Audit and Reconciliation Requirements | 20% | |
| Modeling Considerations | 10% | |
| Configure Accounting Rules | 20% |
Where do you define the currency conversion type to be used in converting accountedamount for reporting currency ledger?
Correct Answer: B 🗳️
While creating a journal entry rule set you are NOT able to use an account rule that was createdrecently.
Which two reasons can explain this?
Correct Answer: C,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 thirdparties 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 do you do to enable costs flow from 'New Truck' to 'Fix Truck'?
Correct Answer: D 🗳️
There is a business requirement to display supporting information with some text and source value at the journal line level that will vary depending on theentered amounts for the line.
What is the solution to implement this requirement?
Correct Answer: A 🗳️
What feature is NOT provided by Fusion Accounting Hub Reporting Cloud Service (FAHRC)?
Correct Answer: B 🗳️
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