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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Analyze Accounting, Reporting, Audit and Reconciliation Requirements | 20% | |
| Topic 2: Modeling Considerations | 10% | |
| Topic 3: Reporting, Auditing and Diagnostics | 10% | |
| Topic 4: Register and Update Source Systems | 15% | |
| Topic 5: Configure Accounting Rules | 20% | |
| Topic 6: Analyze Transaction Type Life Cycle | 15% | |
| Topic 7: Upload Transaction Data and Adjust Journal Entries | 10% |
Which two options allow validating input values on mapping sets?
Correct Answer: C,D π³οΈ
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?
Correct Answer: A π³οΈ
A customer has a business requirement to provide additional information about subledger Journals that cannot be found in a predefined report.
How can you meet this requirement?
Correct Answer: D π³οΈ
Invoices received from a source system need touse a specific account based on 30 different expense types.
However, if the invoice is from a certain supplier type, it needs to go to a default account regardless of the expense type.
What is the solution?
Correct Answer: A π³οΈ
Which is an alternate way to implement a mappingset rule?
Correct Answer: C π³οΈ
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