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1. Your company is part of the financial services industry and manages various types of transactions, such as Notional Amount on Trade Positions, Premium Amount, Premium Settlement, and Premium Sweep, in their source system. While analyzing the source transaction system, you are asked to propose an event model based on the activities performed by the company.
Based on your analysis, what should the Notional Amount on Trade Positions, Premium Amount, Premium Settlement, and Premium Sweep transactions be defined as while registering the source system?
A) Event types
B) Source systems
C) Journal sources
D) Event classes
2. Your client is involved in the sale of health, vehicle, and home insurance services. Currently, they process their transactions in a source system. You have been appointed as a consultant to implement Accounting Hub Cloud and standardize their accounting process. You decide to register their source system as a single application in Accounting Hub Cloud. Your customer wants to know the changes that are allowed after registering a source system.
Which THREE actions can be performed after registering a source system?
A) Modify the subledger application name as long as there are no pending accounting entries
B) Revise source names and add more sources through the user interface
C) Assign a named segment from the chart of accounts to the sources that correspond to the accounting flexfield identifiers
D) Assign and update value set and lookup type assignments to sources
E) Add new event classes through the user interface
3. You design an income statement report with the help of Financial Reporting Web Studio. You add row numbers 3, 4, and 5 to reflect the balances for three different expense accounts and row number 6 to reflect the sum of row numbers 3, 4, and 5.
Which formula should be used on row number 6 to calculate the sum?
A) ([3;5])
B) ({3:5})
C) ([3:5])
D) ([3,5])
4. Your client is part of the financial services industry and manages various types of transactions, such as Notional Amount on Trade Positions, Premium Amount, Premium Settlement, and Premium Sweep, in their source system. They want to retrieve the value of the Natural Account segment directly from the source system and are seeking your advice on this requirement.
Which TWO should you factor into your advice on how to register the source system using the spreadsheet template to meet your client requirement?
A) Chart of Accounts Value column should be updated with a value of "Yes"
B) Natural Account should be defined as a "Long Text" type source
C) Natural Account should be defined as a "Number" type source
D) Natural Account should be defined as a "Text" type source
5. Which two conditions must be met for automatic data provisioning to work?
A) At least one role is automatically provisioned to the user using role provisioning rules.
B) The data provisioning rule has at least one job, one position, and one inventory organization assigned to it.
C) At least one of the user's assignments matches all data-mapping conditions in a data provisioning rule.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B,D,E | Question # 3 Answer: C | Question # 4 Answer: A,D | Question # 5 Answer: A,C |
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