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Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. Where do you define the currency conversion type to be used in converting accountedamount for reporting currency ledger?

A) Manage Reporting Currencies
B) Manage Subledger Accounting Options
C) Manage Accounting Attribute Assignments
D) Specify Ledger Options

2. What is theterminology that is used to refer to the number of transactions processed by Create Accounting in one commit cycle?

A) Virtual Machine Processing Size
B) Processing Unit Size
C) Accounting Unit Commit Size
D) Buffer Unit Size

3. Which two options allow validating input values on mapping sets?

A) Value sets
B) Segment values
C) Lookup types
D) Chart of accounts segment

4. Given the business use case:
'New Trucks' runs a fleet of trucks in a rentalbusiness 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: totalmaintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income. 'New Trucks' and' Fix Trucks' are located in the same country and share chart-of accounts and accounting conventions.
How manyledgers are required to be set up?

A) One primary, one repotting currency ledger
B) One primary, one secondary ledger
C) Two primary ledgers
D) One primary ledger

5. A financial analyst at your workplace would like to frequently view Journal entries report with all line details attributes with user's specific set of criteria and pivot table.
What is the solution to implement this requirement quickly?

A) Build a custom Oracle Transactional Business Intelligence report on subledger accounting subject areas.
B) Run predefined reports and filter the report with the available report parameters.
C) Request support team to download subledger Journal entry data.
D) Build a new data warehouse solution.

Solutions: