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Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. A customer has a business requirement to provide additional information about subledger Journals that cannot be found in a predefined report.
How can you meet this requirement?

A) Create a Smart View report using the query designer feature.
B) Build an OTBI analysis that includes a relevant subject area.
C) Build a Financial Reporting Studio report that includes all dimensions.
D) Use either Account Monitor or Account Inspector to getrequired Information.

2. You are explaining to an accountant that account override is an adjustment featureof Subledger Accounting.
Which two traits can help you explain this feature?

A) The account override feature allows users to record a reason for the adjustment.
B) The account override feature provides an audit trail by preserving the original subledger journal entry.
C) The account override feature adjusts the original source transaction.
D) The account override feature is only intended to correct subledger journals that have been posted.

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

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

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

5. What automation option is NOT available when uploading transaction data to Accounting Hub Cloud?

A) Oracle Virtual Web Center Services
B) Oracle Web Center Content Client Command line tool
C) Oracle UCM Web Services
D) ERP Integration Service

Solutions: