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| Section | Weight | Objectives |
|---|---|---|
| Accounting Rules Configuration | 30% | - Supporting references and accounting methods - Account rules and mapping sets - Event model and event classes/types - Description and journal line rules |
| Accounting Hub Overview | 10% | - Architecture and core concepts - Business benefits and use cases - Subledger Accounting (SLA) overview |
| Source System Integration | 20% | - Register source systems - File-based data import and mapping - Define transaction objects and attributes |
| Transaction Processing | 15% | - Create Accounting process - Transaction validation and error handling - Transfer to General Ledger |
| Reporting and Inquiry | 15% | - Accounting Hub reports and dashboards - Reconciliation and diagnostics - Journal inquiry and drill-down |
| Implementation and Security | 10% | - Troubleshooting and best practices - Role-based access control - Implementation lifecycle |
You have been assigned to troubleshoot a Create Accounting error.
What is the first step you need to take to use the diagnostics framework features?
What is NOT included in the minimum required accounting attribute assignments?
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?
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 wil the typical transaction information be at the header level?
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?
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