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Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

1. 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 do you do to enable costs flow from 'New Truck' to 'Fix Truck'?

A) Enable intercompany balancing option
B) Enable legal entity rule
C) Enable balancing rules
D) Enable chart of accounts rule

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

3. What is NOT included in the minimum required accounting attribute assignments?

A) Accounting Date
B) Second Distribution Identifier
C) First Distribution Identifier
D) Distribution Type

4. A customer has a business requirement to provide additional information about subledger Journals that cannot be found in a predefined report.
How can you meet this requirement?

A) Build an OTBI analysis that includes a relevant subject area.
B) Build a Financial Reporting Studio report that includes all dimensions.
C) Use either Account Monitor or Account Inspector to get required Information.
D) Create a Smart View report using the query designer feature.

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

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

Solutions: