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Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

1. What are the tables or views from which the Create Accounting process takes source data that is used in accounting rules to create journal entries referred to as?

A) Mapping sets
B) Source objects
C) Event entities
D) Transaction objects

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

3. 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 secondary ledger
C) One primary, one repotting currency ledger
D) One primary ledger

4. A customer's business requirement demands a more granular view of transferred subledger journal entries in GL.
Which of the available General Ledger Journal Entry Summarization options meets this requirement?

A) Summarize by GL Period
B) Group by GL Date
C) Transfer in Details
D) Summarize by GL Date

5. What are all the tabs that are available to be completed in the Register Source System spreadsheet?

A) Source System and Line Information
B) Source System, Transaction Information, and Line Information
C) Source System
D) Source System and Transaction Information

Solutions: