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

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

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

3. After supporting references balances setup component is tagged to subledger journal entries, what type of reports need to be created so that the information is available to users?

A) an Oracle Transactional Business Intelligence analysis
B) a predefined Oracle Business Intelligence Publisher report
C) a Smart View Report
D) an Oracle Financial Reporting Studio report

4. You have been assigned to troubleshoot a Create Accounting error.
What is the first step you need to take to use the diagnostics framework features?

A) Run the Accounting Events Diagnostic Report.
B) Submit the Accounting Event Diagnostics process.
C) Set the "SLA: Diagnostics Enabled" profile option.
D) Run Create Accounting again to generate journal entries for the events that ended in error.

5. You have created a description rule. When you try to select this description rule to be displayed as a header description rule in a journal entry rule set, you are not able to find this rule in the list of values.
What is the possible reason for NOT finding the rule?

A) The rule is built using a custom source.
B) The rule is built using a value set source.
C) The rule is built using a line level source.
D) The source does not return any value; therefore the rule is not displayed.

Solutions: