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Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

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

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) Currency
B) Customer Number
C) LineType
D) Amount

3. After registering a new source system into Accounting Hub and going live for a short period, your customer identified the need to add additional transaction sources. What should you do?

A) Tell them thiscannot be implemented.
B) Register another source system that includes these new transaction sources.
C) Add new transaction sources from the user interface.
D) Add new transaction sources in the current source system registration spreadsheet and re-upload the spreadsheet file.

4. What is NOT included in the minimum required accountingattribute assignments?

A) First Distribution Identifier
B) Accounting Date
C) Second Distribution Identifier
D) Distribution Type

5. A customer's business requirement demands a more granular view of transferred subledger journal entries in GL.
Which of the available General LedgerJournal Entry Summarization options meets this requirement?

A) Transfer in Details
B) Group by GL Date
C) Summarize by GL Date
D) Summarize by GL Period

Solutions: