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Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

1. 'Insurances for Homes' company provide home insurance service. They have in house built system that processes home insurance payments received from customers. The end result of the process consists of a listing of individual journal entries in a spreadsheet. They have requirements for getting all journal entries in a secure and auditable repository. Access will be limited to selective staff members. Additionally, be able to report and view the entries using an advanced reporting and analytical tools for slicing and dicing the Journal entries.
Insurance premium is to be recognized as income across the-coverage period of the insurance policy. How do you link the two journal lines in the recurring journal entries cases, so that these two journal lines are identified by the accounting process to create recurring Journal entries?

A) Recognition Journal class
B) Accounting class
C) Recurring Journal class
D) Multiperiod class

2. Which four options are used to reconcile subledger journal entries?

A) Run the Subledger Accounting Diagnostics report.
B) Build a custom OTBI report.
C) Assign a descriptive text and source on journal lines.
D) Tag supporting references with journal entry lines.
E) Run the Subledger Accounting Method Setups report.
F) Set up reconciliation using the reconciliation reference accounting attribute.

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

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

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

5. How do you enable diagnostics on subledger transaction sources?

A) enable diagnostic attribute
B) enable diagnostic profile
C) enable diagnostic source
D) enable transaction debug

Solutions: