You are implementing Fusion Accounting Hub for your external Accounts Receivables system. The external system sends invoices billed and cash receipts in a flat file, along with the customer classification information.
You want the accounting amounts to be tracked by customers too but you do not want to add a Customer segment to your chart of accounts.
What is the solution?

• A. Use the Third Party Control Account feature.
• B. Use Supporting References to capture customer classification information.
• C. Capture customer information as the source and develop a custom report using Online Transactional Business Intelligence (OTBI).
• D. Use the Open Account Balances Listing report that has balances by customer.

Which two actions can you accomplish for a registered source system?

• A. Revise source Information through the user interface and add more sources.
• B. Add new event classes through the user interface.
• C. Modify the subledger application name as long as there are no pending accounting entries.
• D. Import the source system registration spreadsheet template multiple times as long as there are no accounting rules created yet.

'Insurances for Homes' company provide home insurance service. 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 premium is to be recognized as income across the-coverage period of the insurance policy. How do you link the two journal lines in the recurring journal entries cases, so that these two journal lines are identified by the accounting process to create recurring Journal entries?

• A. Recurring Journal class
• B. Accounting class
• C. Multiperiod class
• D. Recognition Journal class

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.
How can the automatic recognition of insurance income be implemented in Accounting Hub Cloud?

• A. Set up multiperiod accounting journal lines.
• B. Set up a transaction line reversal.
• C. Set up automatic Journal line reversal.
• D. Create an adjustment journal entry.

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 31 rule elements using one condition for each expense type and another for supplier type.
• B. 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.
• 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.