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Oracle Accounting Hub Cloud 2025Implementation Professional Sample Questions:

1. Your client deals in Banking, Insurance, and Stock Trading. They have separate transaction systems to process their transactions. You have been appointed as a consultant to implement Accounting Hub Cloud to streamline and standardize the accounting process for each of the source systems.
The client wants to generate the following accounting entries:
* Banking-related transactions on a daily basis
* Stock trading transactions on alternate days
* Insurance transactions on a weekly basis
Considering the nature of business, frequency of generating accounting entries, and the load on the system, how many source systems would you suggest?

A) Two
B) Four
C) One
D) Three

2. Which four actions can you take by using Security Console?

A) Create Roles
B) Manage User Name Generation Rules and Password Policies
C) Manage Automatic Data Provisioning
D) Manage Password of Other Users
E) Compare Roles
F) Manage Data Access for Users

3. You are assigned to troubleshoot a Create Accounting error.
Which is the first step that you need to perform to use the Diagnostics Framework feature?

A) Set the 'SLA: Enable Diagnostic' profile option.
B) Submit the Accounting Event Diagnostic process.
C) Run the Accounting Event Diagnostic report.
D) Run Create Accounting again to generate journal entries for the events that ended in error.

4. The company 'Insurance for Homes' provides home insurance services. It has an in-house system that processes home insurance payments received from customers. The end result of the process consists of a list of individual journal entries in a spreadsheet. The company wants to get all journal entries in a secure and auditable repository. Access will be limited to a select few staff members. Additionally, these staff members will need to be able to report and view the entries using an advanced reporting and analytical tool for slicing and dicing the journal entries.
Insurance premium is to be recognized as income across the coverage period of the insurance policy.
Which types of journal lines need to be set up to generate recurring journal entries for insurance premium in each accounting period?

A) Multiperiod and Recognition
B) Reversal and Recognition
C) Deferral and Recognition

5. 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?

A) Two
B) Four
C) One
D) Three

Solutions: