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Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. 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 Import Duty Role
C) Accounting Hub Create and Post Journal Entry Duty Role
D) Accounting HubIntegration Duty Role

2. Which three duty roles are required to perform Accounting Hub setup tasks?

A) Accounting Hub Maintenance
B) Accounting Hub Administration
C) Accounting Hub Integration
D) Application Implementation Consultant
E) Subledger Accounting Manager

3. 'Insurances for Homes' company provide home insurance service. They have in-house built system that processes home insurance payments received from customers. The end result of the process consists of a listing of individual journal entries in a spreadsheet. They have requirements for getting all journal entries in a secure and auditable repository. Access will be limited to selective staff members. Additionally, be able to report and view the entries using an advanced reporting and analytical tools forslicing and dicing the Journal entries.
Which is a correct example for a formula to prorate amounts evenly across each period? Note that the NumberofGLPeriod is a predefined function that returns the number of non adjustment accounting periods between twodates.

A) "Amount" - ("Last Day of Current Accounting Period" - "Effective Date" ) / ("Expiry Date" -"Effective Date")
B) "Amount" * ("Last Day ol Current Accounting Period" - "Effective Date" + 1) / (("Expiry Date"
"Effective Date") + 1)
C) "Amount" * NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") / NumberofGLPeriod ("Effective Date", 'Expiry Date")
D) "Amount" *( NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") + 1)/ (NumberofGLPeriod ("Effective Date", "Expiiy Date") + 1)

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

5. 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 journal entry rule set with condition
D) define user transaction lineidentifier

Solutions: