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Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

1. Which three duty roles are required to perform Accounting Hub setup tasks?

A) Application Implementation Consultant
B) Accounting Hub Administration
C) Accounting Hub Maintenance
D) Accounting Hub Integration
E) Subledger Accounting Manager

2. Which four options are used to reconcile subledger journal entries?

A) Tag supporting references with journal entry lines.
B) Run the Subledger Accounting Method Setups report.
C) Set up reconciliation using the reconciliation reference accounting attribute.
D) Assign a descriptive text and source on journal lines.
E) Run the Subledger Accounting Diagnostics report.
F) Build a custom OTBI report.

3. 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?

A) Assign it to an accounting method.
B) Assign it to an account rule.
C) Assign it to an accounting attribute.
D) Assign it to a transaction type.

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

A) Revise source Information through the user interface and add more sources.
B) Add new event classes through the user interface.
C) Modify the subledger application name as long as there are no pending accounting entries.
D) Import the source system registration spreadsheet template multiple times as long as there are no accounting rules created yet.

5. What is the recommended approach for a use case in which some parts of the transaction data must be processed before uploading them to Accounting Hub Cloud?

A) Use Oracle ERP Integration tool.
B) Use a web service tool.
C) Use Oracle OTBI tool.
D) Use PaaS tools, for example, ICS - to perform ETL tasks.

Solutions: