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Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

1. 'Insurances for Homes' company provide home insurance service. They have in-house built system that processes home insurance payments received from customers. The end result of the process consists of a listing of individual journal entries in a spreadsheet. They have requirements for getting all journal entries in a secure and auditable repository. Access will be limited to selective staff members. Additionally, be able to report and view the entries using an advanced reporting and analytical tools for slicing and dicing the Journal entries.
Which is a correct example for a formula to prorate amounts evenly across each period? Note that the NumberofGLPeriod is a predefined function that returns the number of non adjustment accounting periods between two dates.

A) "Amount" * NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") / NumberofGLPeriod ("Effective Date", 'Expiry Date")
B) "Amount" * ("Last Day ol Current Accounting Period" - "Effective Date" + 1) / (("Expiry Date"
"Effective Date") + 1)
C) "Amount" *( NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") + 1)/ (NumberofGLPeriod ("Effective Date", "Expiiy Date") + 1)
D) "Amount" - ("Last Day of Current Accounting Period" - "Effective Date" ) / ("Expiry Date" -"Effective Date")

2. 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.

3. A new source system has been registered into Accounting Hub Cloud. Users are actively using this new subledqer. Subsequently, the business signed up a contract with a new supplier. A new mapping value that maps suppliers with the accounts needs to be added. You make updates on the mappings in the existing mapping set rule by adding more mapping valued.
After saving the update, what is the next required action?

A) Activate the journal entry rule set.
B) There is no required action. The mapping addition is complete.
C) Activate the accounting method.
D) Download a new transaction data template.

4. To support foreign currency transaction in Accounting Hub, which accounting attributes must be assigned a source?

A) Conversion type, conversion date and conversion rate
B) Conversion type and conversion date
C) Conversion date and conversion rate
D) Conversion type

5. 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.

Solutions: