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Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

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

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

2. After registering a new source system into Accounting Hub and going live for a short period, your customer identified the need to add additional transaction sources. What should you do?

A) Add new transaction sources in the current source system registration spreadsheet and re-upload the spreadsheet file.
B) Add new transaction sources from the user interface.
C) Tell them this cannot be implemented.
D) Register another source system that includes these new transaction sources.

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

4. What automation option is NOT available when uploading transaction data to Accounting Hub Cloud?

A) Oracle Web Center Content Client Command line tool
B) Oracle UCM Web Services
C) ERP Integration Service
D) Oracle Virtual Web Center Services

5. 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. 'New Trucks' and' Fix Trucks' are located in the same country and share chart-of accounts and accounting conventions.
How many ledgers are required to be set up?

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

Solutions: