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Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

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

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

2. A customer has four external systems: Consumer Loan, Auto Loan, Home Loan and Insurance. Functional users are allowed to process and view transactions and accounting for all these systems.
Which two implementations allow similar accountingrules to be shared?

A) One subledger for all 4 source systems.
B) One subledger for each source system.
C) One subledger for the 3 Loan systems and one subledger for Insurance.
D) One subledger for Consumer Loan and Auto Loan, and one subledger for HomeLoan and Insurance.

3. 'Insurances for Homes' company provide home insuranceservice. 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 for slicing and dicing the journal entries.
Insurance premiumIs to be recognized as income across the coverage period of the insurance policy. What are the two types of journal lines that need to be set up to generate recurring journal entries for insurance premium in each accounting period?

A) Offsets and Recognition
B) Multiperiod and Recognition
C) Reversal and Recognition
D) Deferral and Recognition

4. How do you enable diagnostics on subledger transaction sources?

A) enable diagnostic attribute
B) enable diagnostic source
C) enable diagnostic profile
D) enable transaction debug

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: