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NEW QUESTION 45
Which four components are created by the source system registration upload process in a single step?

A. Journal SourceB. Journal CategoryC. Account RulesD. Description RulesE. Event ModelF. Transaction Objects

Answer: A,B,E,F

 

NEW QUESTION 46
You have created a description rule. When you try to select this description rule to be displayed as a header description rule in a journal entry rule set, you are not able to find this rule in the list of values.
What is the possible reason for NOT finding the rule?

A. The rule is built using a line level source.B. The source does not return any value; therefore the rule is not displayed.C. The rule is built using a custom source.D. The rule is built using a value set source.

Answer: A

 

NEW QUESTION 47
Which four of the following are the mandatory parameters to search for a subledger journal on the Review Subledger Journals Page?

A. LedgerB. Journal SourceC. StatusD. Event TypeE. Transaction NumberF. Date

Answer: A,B,C,F

 

NEW QUESTION 48
'Insurances for Homes' company provide home insuranceservice. 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 premiumIs 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. Offsets and RecognitionB. Multiperiod and RecognitionC. Reversal and RecognitionD. Deferral and Recognition

Answer: B

 

NEW QUESTION 49
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