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Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:
1. To support foreign currency transaction in Accounting Hub, which accounting attributes must be assigned a source?
A) Conversion type, conversion date and conversion rate
B) Conversion type
C) Conversion date and conversion rate
D) Conversion type and conversion date
2. 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) Transaction objects
B) Event entities
C) Mapping sets
D) Source objects
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.
How do you pass the calculated value for discount amounts in accounting rules to the corresponding journal line?
A) Assign it to an accounting method.
B) Assign it to an account rule.
C) Assign it to an accounting attribute.
D) Assign it to a transaction type.
4. You are implementing Fusion Accounting Hub for your external Accounts Receivables system. The external system sends invoices billed and cash receipts in a flat file, along with the customer classification information.
You want the accounting amounts to be tracked by customers too but you do not want to add a Customer segment to your chart of accounts.
What is the solution?
A) Use Supporting References to capture customer classification information.
B) Capture customer information as the source and develop a custom report using Online Transactional Business Intelligence (OTBI).
C) Use the Open Account Balances Listing report that has balances by customer.
D) Use the Third Party Control Account feature.
5. Which two actions can you accomplish for a registered source system?
A) Modify the subledger application name as long as there are no pending accounting entries.
B) Import the source system registration spreadsheet template multiple times as long as there are no accounting rules created yet.
C) Revise source Information through the user interface and add more sources.
D) Add new event classes through the user interface.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: B,C |







