Your client, a banking organization, is currently using different transaction systems to take care of various types of loans, including vehicle loans, personal loans, education loans, and housing loans.
You recently uploaded the source system data that includes Loan Origination, Loan Interest Accrual, Loan Scheduled Payment, Loan Interest Adjusted, Loan Late Payment, and Loan Charge Off as event types.
Now the customer has asked you to add another transaction type called Loan Interest Accrual Reversal.
What should be your response to the customer?

• A. Loan Interest Accrual Reversal can be added as a new event type by using the update spreadsheet template.
• B. The source system should be registered again by including the Loan Interest Accrual Reversal event type.
• C. A new transaction type cannot be added after the source system is registered.
• D. Loan Interest Accrual Reversal can be added as a new event type from the user interface.

SIMULATION
Challenge 2: Manage Account Rule
TASK
Create Account Rule with 3 priorities
Name of Account Rule: Revenue Account
Subledger Application: AHC Billing
Process Category: AHC Billing
Event Class: AHC Billing
Event Type: Customer Billing, Customer Pay In, Customer Refund, Customer Settlement

You are implementing Accounting Hub Cloud for one of your clients. Your client has agreed to have six segments for the chart of accounts: Company, Line of Business, Account, Department, Product, and Intercompany.
For one of the journal line rules, your client requests you to assign a common account rule for Company, Line of Business, Account, and Intercompany. However, for Department and Product, they want to use segment-specific rules.
How will you achieve this while setting up the journal entry rule set?

• A. Assign Common Account Rule in the Account Combination rule field and assign Department and Product segment rules in the segment rules section
• B. Assign Common Account Rule to all the segments and create overriding rules for the Department and Product segment while assigning the accounting method to the ledger
• C. Assign Common Account Rule to all the segments and create overriding rules for the Department and Product segment while creating the accounting method
• D. Assign Common Account Rule to all the segments and create overriding rules for the Department and Product segment while creating the supporting references

The Insurance for Homes company provides home insurance services in the USA, the UK, France, and Italy. It is headquartered in the USA.
The entities in the UK, France, and Italy are subsidiaries of the USA entity.
The company decides to configure four primary ledgers, one each for the USA, the UK, France, and Italy. It also plans to configure three secondary ledgers under the UK, France, and Italy primary ledgers.
Which TWO statements are true about setting up secondary ledgers?

• A. A chart of accounts mapping is always required between the chart of accounts of the primary ledger and the secondary ledger
• B. Conversion levels available for a secondary ledger are Balance, Journal, Adjustment only, and Subledger
• C. Conversion levels available for a secondary ledger are Balance, Journal, and Subledger only
• D. A chart of accounts mapping is only required if a secondary ledger has a different chart of accounts than its primary ledger