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Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. In the process of analyzing data from a source system you find that there are no reliable amounts that canbe 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 description rule to derive amounts.
D) Use a custom formula in a journal line rule to derive amounts.

2. What can you override in a completed subledger journal entry?

A) the supporting Information
B) the descriptions
C) the amounts
D) the account

3. What kind of sequence can be assigned to subledger journal entries at the time thatthe journal entries are created in final mode?

A) Document Sequence
B) Journal Entry Sequence
C) Accounting Sequence
D) Reporting Sequence

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

5. Which transaction source is used to link transaction header and line information?

A) Transaction Date
B) Transaction Key
C) Transaction Number
D) Transaction Type

Solutions: