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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.
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.

2. In the process of analyzing data from a source system you find that there are no reliable amounts that can be used to build a subledger journal entry.
How can you resolve this challenge?

A) Use a custom formula in an account rule to derive amounts.
B) Use a custom formula in a supporting reference to derive amounts.
C) Use a custom formula in a journal line rule to derive amounts.
D) Use a custom formula in a description rule to derive amounts.

3. What attribute of a subledger journal entry is NOT transferred to GL?

A) Accounted amounts
B) Accounting class
C) Accounting lines
D) Supporting references

4. Given the journal:

What is the terminology that is used to identify the "Account Number', 'Original Balance' , and 'Origination Date' fields?

A) Attribute Identifier
B) Source System Identifier
C) User Transaction Identifier
D) System Identifier

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

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

Solutions: