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Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. Given the business use case:
'New Trucks' runs a fleetof 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 andrecognized 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 tobe able to view: total maintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income.
What would the typical line information be?

A) Company
B) Truck Type
C) Customer Number
D) TransactionDate

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

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

3. Given the business use case:
'Insurances for Homes' company provides home insurance services. They have an in-house built system that processes 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, the company need to be able to report and view the entries using advanced reporting and analytical tools for segmenting, viewing and understanding data in the journal entries.
The line information may contain more than one line for the same header.
When uploading transactions, which is a way to differentiate each Journalline?

A) Assign a line classification or line type attribute.
B) You do not need to do anything additional.
C) Assign an accounting attribute.
D) Assign a custom formula.

4. Where do you define the currency conversion type to be used in converting accountedamount for reporting currency ledger?

A) Manage Subledger Accounting Options
B) Manage Reporting Currencies
C) Specify Ledger Options
D) Manage Accounting Attribute Assignments

5. You need to build a complex account rule. Which four value typescanyou use in yourdefinition?

A) Value Set
B) Existing Account Rule
C) Account Combination
D) Mapping Set
E) Constant
F) Source

Solutions: