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NEW QUESTION 51

Based on a unique combination of which two components is a new standard Balance cube automatically created for a primary or secondary ledger?

  • A. Chart of account and convention.
  • B. Chart of account and currency.
  • C. Calendar and currency.
  • D. Chart of account and calendar.

Answer: D

NEW QUESTION 52

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 mapping set rules
  • C. Use flexfield
  • D. Usecustom formulas

Answer: D

NEW QUESTION 53

What is the key attribute that is used to query journal entries of a registered source system?

  • A. Accounting Date
  • B. Ledger Name
  • C. Journal Source
  • D. Transaction Date

Answer: C

NEW QUESTION 54

......

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