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NEW QUESTION 51
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 sourcecode 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 calculate discounts for use in the accounting rule?
- A. Use analytical calculations
- B. Use flexfield
- C. Use mapping set rules
- D. Usecustom formulas
Answer: D
NEW QUESTION 52
Invoices received from a source system need to use 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?
- A. Create an account rule with three rule elements using one for expense type mapping, one for condition of supplier type, and the other one without any condition.
- B. Create an account rule with 31 rule elements using one condition for each expense type and another for supplier type.
- C. Create two journal line rules with a condition of supplier type.
- D. Create a 30 account combination rule with a condition of expense type.
Answer: A
NEW QUESTION 53
A customer has four external systems: Consumer Loan, Auto Loan, Home Loan and Insurance. Functional users are allowed to process and view transactions and accounting for all these systems.
Which two implementations allow similar accounting rules to be shared?
- A. One subledger for each source system.
- B. One subledger for Consumer Loan and Auto Loan, and one subledger for Home Loan and Insurance.
- C. One subledger for the 3 Loan systems and one subledger for Insurance.
- D. One subledger for all 4 source systems.
Answer: C,D
NEW QUESTION 54
……
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