FAH – Sundry – Certification MCQs

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

A customer has four external systems: Consumer Loan, Auto Loan, Home Loan and Insurance. Functional users are allowed to process and view transactions and accounting for all these systems. Which two implementations allow similar accounting rules to be shared?

Where do you define the currency conversion type to be used in converting accounted amount for reporting currency ledger?

While creating a journal entry rule set you are NOT able to use an account rule that was created recently.
Which two reasons can explain this?

What are the tables or views from which the Create Accounting process takes source data that is used in accounting rules to create journal entries referred to as?

A customer’s business requirement demands a more granular view of transferred subledger journal entries in GL.
Which of the available General Ledger Journal Entry Summarization options meets this requirement?

What kind of sequence can be assigned to subledger journal entries at the time that the journal entries are created in final mode?

What is NOT included in the minimum required accounting attribute assignments?

What is the terminology that is used to refer to the number of transactions processed by Create Accounting in one commit cycle?

What automation option is NOT available when uploading transaction data to Accounting Hub Cloud?

What is a user job role data context assignment?

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 pass the calculated value for discount amounts in accounting rules to the corresponding journal line?

What is the terminology that is used to identify the “Account Number’, ‘Original Balance’, and ‘Origination Date’ fields?

What feature is NOT provided by Fusion Accounting Hub Reporting Cloud Service (FAHRC)?

What attribute of a subledger journal entry is NOT transferred to GL?

How many transaction event classes can be set up for a subledger uploaded to Accounting Hub Cloud?