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Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. Which two actions can you accomplish for a registered source system?

A) Revise source Information through the user interface and add more sources.
B) Import the source system registration spreadsheet template multiple times as long as there are no accounting rules created yet.
C) Add new event classes through the user interface.
D) Modify the subledger application name as long as thereare no pending accounting entries.

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 andloss 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.
How do you set up an account rule that is based on leased and owned trucks?

A) Set up a mapping set rule.
B) Set up a lookup value.
C) Set up a value set rule.
D) Set up an account source in the source system file and derive the value.

3. There is a business requirement to display supporting information with some text and source value at the journal line level that will vary depending on theentered amounts for the line.
What is the solution to implement this requirement?

A) define line description rule with condition
B) define journal line rules with conditions
C) define user transaction lineidentifier
D) define journal entry rule set with condition

4. A customer has four external systems: Consumer Loan, Auto Loan, Home Loan and Insurance. Functional users are allowed to process and view transactions and accounting for all these systems.
Which two implementations allow similar accountingrules to be shared?

A) One subledger for the 3 Loan systems and one subledger for Insurance.
B) One subledger for Consumer Loan and Auto Loan, and one subledger for HomeLoan and Insurance.
C) One subledger for all 4 source systems.
D) One subledger for each source system.

5. Given the business use case:
'New Trucks' runs a fleet of trucks in a rental business In the U.S. Themajority 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.
How do you pass the calculated value for discount amounts in accounting rules to the corresponding journal line?

A) Assign it to a transaction type.
B) Assign it to an accounting attribute.
C) Assign it to an accounting method.
D) Assign it to an account rule.

Solutions: