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Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

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

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

2. How many transaction event classes can be set up for a subledger uploaded to Accounting Hub Cloud?

A) Two
B) Three
C) One
D) Unlimited

3. 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 calculate discounts for use in the accounting rule?

A) Use custom formulas
B) Use analytical calculations
C) Use mapping set rules
D) Use flexfield

4. Which is an alternate way to implement a mapping set rule?

A) Define a flexfield rule with conditions.
B) Define a lookup type rule with conditions.
C) Define a chart of account rule with conditions.
D) Define an account rule with conditions.

5. What are the tables or views from which the Create Accounting process takes source data that is used in accounting rules to create journal entries referred to as?

A) Source objects
B) Mapping sets
C) Event entities
D) Transaction objects

Solutions: