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Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:
1. 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.
What do you do to enable costs flow from 'New Truck' to 'Fix Truck'?
A) Enable intercompany balancing option
B) Enable legal entity rule
C) Enable chart of accounts rule
D) Enable balancing rules
2. Which two options allow validating input values on mapping sets?
A) Chart of accounts segment
B) Value sets
C) Segment values
D) Lookup types
3. What kind of sequence can be assigned to subledger journal entries at the time that the journal entries are created in final mode?
A) Journal Entry Sequence
B) Reporting Sequence
C) Accounting Sequence
D) Document Sequence
4. Given the journal:
What is the terminology that is used to identify the "Account Number', 'Original Balance' , and 'Origination Date' fields?
A) Source System Identifier
B) Attribute Identifier
C) System Identifier
D) User Transaction Identifier
5. What is the duty role that needs to be assigned for authorizing accounting processing in Accounting Hub Cloud?
A) Accounting Hub Create Accounting Duty Role
B) Accounting Hub Integration Duty Role
C) Accounting Hub Create and Post Journal Entry Duty Role
D) Accounting Hub Import Duty Role
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B,D | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: B |
