Free 1Z0-1060-26 Mock Exam – Practice Online Confidently

You are implementing Accounting Hub for one of your client organizations in the US. The organization has two legal entities, loans and insurance. Both the legal entities have agreed to share the same chart of accounts and convention. However, the loans legal entity will use the January to December calendar, while the insurance legal entity will use the July to June calendar. How many primary ledgers will you create to achieve this requirement?

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? 

Your client has a requirement to report directly from the transactional tables and return the results in realtime, in turn eliminating the need for a data warehouse. Which tool would you suggest to your client for this purpose?

Apart from a mapping set-based account rule, which is the other way to retrieve segment values for journal entries?

Your customer has four external systems to manage their home loan, auto loan, consumer loan, and personal loan businesses. They have decided to implement Accounting Hub to import the transactional data for generating journal entries from these source systems. While evaluating different possibilities, they ask you to provide your suggestion on sharing accounting rules for these external systems. Which implementation setup allows the sharing of accounting rules for all four external systems?