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1. Given the journal:
What is the terminology that is used to identify the "Account Number', 'Original Balance' ,and 'Origination Date' fields?
A) Source System Identifier
B) User Transaction Identifier
C) Attribute Identifier
D) System Identifier
2. You are explaining to an accountant that account override is an adjustment featureof 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.
3. What are all the tabs that areavailable to be completed in the Register Source System spreadsheet?
A) Source System and Transaction Information
B) Source System, Transaction Information, and Line Information
C) Source System and Line Information
D) Source System
4. 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 sourcecode 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) Purchase Trucks and Pay Out Trucks
B) Initiate Truck Rentals Contract and Pay Truck Maintenance
C) Pay Insurance and Control Truck Services
D) Purchase Trucks and Deploy Trucks
5. Where do you define the currency conversion type to be used in converting accountedamount for reporting currency ledger?
A) Specify Ledger Options
B) Manage Subledger Accounting Options
C) Manage Accounting Attribute Assignments
D) Manage Reporting Currencies
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A,D | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: D |
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