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NEW QUESTION 31
Which two statements are true about the Accounting Hub Cloud?

A. It has a robust Accounting Engine which allows you to configure accounting rulesB. It does not allow publishing output files to PeopleSoft General LedgersC. It brings together disparate accounting systems into a centrally-accessible source of truthD. Integration of information into the Accounting Hub Cloud is restricted to a maximum of three source systems

Answer: A,C

 

NEW QUESTION 32
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. 'New Trucks' and' Fix Trucks' are located in the same country and share chart-of accounts and accounting conventions.
How many ledgers are required to be set up?

A. One primary, one secondary ledgerB. Two primary ledgersC. One primary ledgerD. One primary, one repotting currency ledger

Answer: C

 

NEW QUESTION 33
Which tool enables developers to produce real-time information by creating analyses and reports by suing graphs, charts, and tables?

A. BI Composer.B. BI Answers.C. BI Publisher.D. Financial Reporting Studio.

Answer: B

 

NEW QUESTION 34
You are explaining to an accountant that account override is an adjustment feature of 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 allows users to record a reason for the adjustment.D. The account override feature is only intended to correct subledger journals that have been posted.

Answer: A,C

 

NEW QUESTION 35
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