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Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. A new source system has been registered into Accounting Hub Cloud. Users are actively using this new subledqer. Subsequently, the business signed up a contract with a new supplier. A new mapping value thatmaps suppliers with the accounts needs to be added. You make updates on the mappings in the existing mapping set rule by adding more mapping valued.
After saving the update, what is the next required action?

A) Activate the accounting method.
B) Activate the journal entry rule set.
C) Download a new transaction data template.
D) There is no required action. The mapping addition is complete.

2. What can you override in a completed subledger journal entry?

A) the supporting Information
B) the amounts
C) the descriptions
D) the account

3. You have created a description rule. When you try to select this description rule to be displayed as a header description rule in a journal entry rule set, you are not able to find this rule in the list of values.
What is the possible reason for NOT finding the rule?

A) The rule is built using a custom source.
B) The source does not return any value; therefore the rule is not displayed.
C) The rule is built using a line level source.
D) The rule is built using a value set source.

4. Most of the accounting entries for transaction from the source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use the TAX_AMOUNT source.
At what level can you override the default accounting attribute assignment?

A) Journal Entry
B) Event Type
C) Journal Entry Rule Set
D) Event Class
E) Journal Line Rule

5. Which two options allow validating input values on mapping sets?

A) Segment values
B) Chart of accounts segment
C) Value sets
D) Lookup types

Solutions: