Which two actions can you accomplish for a registered source system?

• A. Modify the subledger application name as long as there are no pending accounting entries.
• B. Add new event classes through the user interface.
• C. Import the source system registration spreadsheet template multiple times as long as there are no accounting rules created yet.
• D. Revise source Information through the user interface and add more sources.

'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. What are the two types of journal lines that need to be set up to generate recurring journal entries for insurance premium in each accounting period?

• A. Reversal and Recognition
• B. Offsets and Recognition
• C. Multiperiod and Recognition
• D. Deferral and Recognition

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 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.
What would the typical line information be?

• A. Truck Type
• B. Transaction Date
• C. Company
• D. Customer Number

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 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.
What do you do to enable costs flow from 'New Truck' to 'Fix Truck'?

• A. Enable balancing rules
• B. Enable legal entity rule
• C. Enable intercompany balancing option
• D. Enable chart of accounts rule

Which four options are used to reconcile subledger journal entries?

• A. Build a custom OTBI report.
• B. Run the Subledger Accounting Method Setups report.
• C. Tag supporting references with journal entry lines.
• D. Run the Subledger Accounting Diagnostics report.
• E. Assign a descriptive text and source on journal lines.
• F. Set up reconciliation using the reconciliation reference accounting attribute.