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

2. 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 wil the typical transaction information be at the header level?

A) Line Type
B) Currency
C) Amount
D) Customer Number

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

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

4. What attribute of a subledger journal entry is NOT transferred to GL?

A) Accounted amounts
B) Supporting references
C) Accounting lines
D) Accounting class

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

Solutions: