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Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

1. How many transaction event classes can be set up for a subledger uploaded to Accounting Hub Cloud?

A) Three
B) One
C) Two
D) Unlimited

2. Which is used to track a specific transaction attribute on subledger journal entries?

A) value set rules
B) supporting references
C) lookup value rules
D) account rules

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 can the automatic recognition of insurance income be implemented in Accounting Hub Cloud?

A) Set up automatic Journal line reversal.
B) Create an adjustment journal entry.
C) Set up a transaction line reversal.
D) Set up multiperiod accounting journal lines.

4. The new billing source system has been registered into Accounting Hub Cloud. The subledger is in active state. At a later date, the business decides to bring in another legacy system (for example, a payment system) for accounting in Accounting Hub.
What two options do you have?

A) Register it as a new source system.
B) Add this as a new transaction typo into existing subledger registration spreadsheet template.
C) Change the transaction data file.
D) Add this as a new transaction type into existing registered subledger from the user interface.

5. What feature is NOT provided by Fusion Accounting Hub Reporting Cloud Service (FAHRC)?

A) synchronize setup data from Oracle R12 E-Business Suite to FAH Reporting Cloud Service
B) upload transaction data into FAH Reporting Cloud Service
C) provide real-time visibility to financial reports in FAH Reporting Cloud Service
D) transfer Balances to FAH Reporting Cloud Service

Solutions: