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Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. 'Insurances for Homes' company provide home insurance service. They have in house built system that processes home insurance payments received from customers. The end result of the process consists of a listing ofindividual 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, be able to report and view the entries using an advanced reporting and analytical tools for slicing and dicing the Journal entries.
Insurance premium is to be recognized as income across the-coverage period of the insurance policy. How do you link the two journal lines in the recurring journal entries cases, so that these two journal lines are identified by the accounting process to create recurring Journal entries?

A) Recurring Journal class
B) Recognition Journal class
C) Accounting class
D) Multiperiod class

2. What is the duty role that needs to be assigned for authorizing accounting processing in Accounting Hub Cloud?

A) Accounting Hub Import Duty Role
B) Accounting Hub Create and Post Journal Entry Duty Role
C) Accounting HubIntegration Duty Role
D) Accounting Hub Create Accounting Duty Role

3. The new billing source system has been registered into Accounting Hub Cloud. The subledger is in active state. At a later date, the business decides to bring in another legacy system (for example, a payment system) for accounting in Accounting Hub.
What two options do you have?

A) Add this as a new transaction type into existing registered subledger from the user interface.
B) Register it as a new source system.
C) Add this as a new transaction typo into existing subledger registration spreadsheet template.
D) Change the transaction data file.

4. Which is used to track a specific transaction attribute on subledger journal entries?

A) account rules
B) value set rules
C) lookup value rules
D) supporting references

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

Solutions: