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Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. 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

2. What is the required date format used to import accounting transactions to Accounting Hub Cloud?

A) DD-MON-YYYY
B) YYYY-MM-DD
C) The user can customize the date format
D) MM-DD-YYYY

3. 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 a supporting reference to derive amounts.
B) Use a custom formula in a journal line rule to derive amounts.
C) Use a custom formula in a description rule to derive amounts.
D) Use a custom formula in an account rule to derive amounts.

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 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.
What wil the typical transaction information be at the header level?

A) Customer Number
B) LineType
C) Amount
D) Currency

5. Which is used to track a specific transaction attribute on subledger journal entries?

A) supporting references
B) lookup value rules
C) account rules
D) value set rules

Solutions: