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Oracle Accounting Hub Cloud 2025Implementation Professional Sample Questions:

1. Your customer has four external systems to manage their home loan, auto loan, consumer loan, and personal loan businesses. They decide to implement Accounting Hub to import their transactional data for generating journal entries from these source systems. While evaluating different possibilities, they ask for your suggestion about the sharing of accounting rules for these external systems.
Which implementation setup allows the sharing of accounting rules for all four external systems?

A) Two subledgers; one for home loan and auto loan and another for consumer loan and personal loan.
B) Three subledgers; one for home loan and auto loan, second for consumer loan, and third for personal loan
C) One subledger for all four source systems
D) Four subledgers; one for each source system

2. Your customer needs to generate journal entries for the insurance premium collected from the sale of policies.
The different components of the premium collected by the company include Basic Premium and Tax.
While uploading the transaction details containing both Basic Premium and Tax amounts, which transaction source would you use to link the transaction header and line information?

A) Document Sequence Number
B) Transaction Number
C) Document Key
D) Transaction Type

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 Trucks" 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. "New Trucks" and "Fix Trucks" are located in the same country and share a chart of accounts and accounting conventions.
How many ledgers are required to be set up?

A) One primary ledger
B) One primary, one reporting currency ledger
C) One primary, one secondary ledger
D) Two primary ledgers

4. Your client has decided to implement Accounting Hub along with other Oracle-owned subledgers. They want to know about the predefined accounting methods that Oracle provides.
Which three are the predefined accounting methods?

A) Standard Accrual with Encumbrances
B) Standard Accrual
C) Standard Accrual for USA
D) Standard Accrual for Japan
E) Standard Accrual for China

5. The Insurance for Homes company provides home insurance services in the USA, the UK, France, and Italy.
It is headquartered in the USA. The entities in the UK, France, and Italy are subsidiaries of the USA entity.
The company decides to configure four primary ledgers, one each for the USA, the UK, France, and Italy. It also plans to configure three secondary ledgers under the UK, France, and Italy primary ledgers.
Which TWO statements are true about setting up secondary ledgers?

A) A chart of accounts mapping is only required if a secondary ledger has a different chart of accounts than its primary ledger
B) Conversion levels available for a secondary ledger are Balance, Journal, and Subledger only
C) Conversion levels available for a secondary ledger are Balance, Journal, Adjustment only, andSubledger
D) A chart of accounts mapping is always required between the chart of accounts of the primary ledger and the secondary ledger

Solutions: