Your client has operations in the US and the UK, and they currently use a third -party billing system to process their transactions, such as Complete an Invoice, Record a Payment, Record Late Charges, and Recognize Revenue. As part of the Accounting Hub implementation, you have been asked to register the billing source system. While registering the source system using the spreadsheet template, which TWO could be flagged as errors by the validation check process?
Exam D umps 7/61 Your customer wants to monitor the balances of their key General Ledger (GL) accounts on a regular basis and asks your advice on the best reporting option. Which reporting tool would you suggest?
Your client decides to: Configure a primary ledger for local statutory reporting requirements and a secondary ledger to manage alternative accounting requirements. Use Financial Reporting Studio to manage the financial reports that leverage the cube connections. They are seeking your advice to understand the cubes that the system creates to store the balances for these two ledgers. Based on which unique combination of ledger components are the cube connections generated?
Your client, a banking organization, has operations in the USA, the UK, France, Japan, and Singapore. As an implementation consultant, you ask the project team to maintain a global chart of accounts. However, the management team in the UK does not agree to allow the generation of dynamic code combinations for the chart of accounts values. What solution would you propose to address this scenario?
Your client is part of the financial services industry and manages various types of transactions, such as Notional Amount on Trade Positions, Premium Amount, Premium Settlement, and Premium Sweep, in their source system. They want to retrieve the value of the Natural Account segment directly from the source system and are seeking your advice on this requirement. Which TWO should you factor into your advice on how to register the source system using the spreadsheet template to meet your client requirement?
You are designing an income statement report with the help of Financial Reporting Studio. You add row numbers 3, 4, and 5 to reflect the balances for three different expense accounts and row number 6 to reflect the sum of row numbers 3, 4, and 5. Which formula should be used on row number 6 to calculate the sum?
