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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 wil the typical transaction information be at the header level?

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

2. While creating a journal entry rule set you are NOT able to use an account rule that was created recently.
Which two reasons can explain this?

A) The account rule is using sources that have not been assigned to the same event class that is associated to the journal entry rule set.
B) The account rule is defined with a different chart of accounts from the journal entry rule set.
C) The account rule does not return any valid account value.
D) The account rule is defined with conditions that are not allowing the assignment.

3. What is the key attribute that is used to query journal entries of a registered source system?

A) Journal Source
B) Accounting Date
C) Transaction Date
D) Ledger Name

4. What are the tables or views from which the Create Accounting process takes source data that is used in accounting rules to create journal entries referred to as?

A) Mapping sets
B) Transaction objects
C) Event entities
D) Source objects

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

Solutions: