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| Section | Objectives |
|---|---|
| Topic 1: Source System and Integration | - Register source systems and integration options - Update registered source systems |
| Topic 2: Transaction Data and Automation | - Understand transaction data and automation with web services |
| Topic 3: Accounting, Reporting, Audit, and Reconciliation | - Analyze accounting, reporting, audit, and reconciliation requirements |
| Topic 4: Diagnostics | - Perform diagnostic and troubleshooting tasks |
| Topic 5: Adjust Journal Entries | - Manage and adjust journal entries |
| Topic 6: Accounting Rule Configuration | - Configure and analyze accounting rules |
| Topic 7: Functional Setup and Security | - Configure security roles and access - Use Functional Setup Manager |
| Topic 8: Transaction Lifecycle | - Analyze transaction type life cycle |
| Topic 9: Reporting and Period Close | - Reporting and period close processes |
| Topic 10: Modeling Considerations | - Analyze modeling considerations |
1. What are all the tabs that areavailable to be completed in the Register Source System spreadsheet?
A) Source System
B) Source System and Transaction Information
C) Source System and Line Information
D) Source System, Transaction Information, and Line Information
2. What are all the tabs that areavailable to be completed in the Register Source System spreadsheet?
A) Source System
B) Source System and Transaction Information
C) Source System and Line Information
D) Source System, Transaction Information, and Line Information
3. After registering a new source system into Accounting Hub and going live for a short period, your customer identified the need to add additional transaction sources. What should you do?
A) Add new transaction sources in the current source system registration spreadsheet and re-upload the spreadsheet file.
B) Add new transaction sources from the user interface.
C) Register another source system that includes these new transaction sources.
D) Tell them thiscannot be implemented.
4. What feature is NOT provided by Fusion Accounting Hub Reporting Cloud Service (FAHRC)?
A) upload transaction data into FAH Reporting Cloud Service
B) transfer Balances to FAH Reporting Cloud Service
C) provide real-time visibility to financial reports inFAH Reporting Cloud Service
D) synchronize setup data from Oracle R12 E-Business Suite to FAH Reporting Cloud Service
5. '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 Recognition
B) Multiperiod and Recognition
C) Deferral and Recognition
D) Reversal and Recognition
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: C |
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