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NEW QUESTION 41
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 do you calculate discounts for use in the accounting rule?
NEW QUESTION 42
A customer has a business requirement to provide additional information about subledger Journals that cannot be found in a predefined report.
How can you meet this requirement?
NEW QUESTION 43
Which statement is true about accounting transformation?
NEW QUESTION 44
......
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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 do you calculate discounts for use in the accounting rule?
- A. Use flexfield
- B. Use mapping set rules
- C. Use custom formulas
- D. Use analytical calculations
NEW QUESTION 42
A customer has a business requirement to provide additional information about subledger Journals that cannot be found in a predefined report.
How can you meet this requirement?
- A. Create a Smart View report using the query designer feature.
- B. Build an OTBI analysis that includes a relevant subject area.
- C. Use either Account Monitor or Account Inspector to get required Information.
- D. Build a Financial Reporting Studio report that includes all dimensions.
NEW QUESTION 43
Which statement is true about accounting transformation?
- A. It is the process of converting transaction or activities from any source systems into journal entries.
- B. It is the process of converting transaction or activities into journal entries that are recorded only Oracle -owned source system.
- C. It allows recording of transaction directly in the registration third-party source system.
- D. It is used to build approval rules for transaction recorded in third party source system.
NEW QUESTION 44
......
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