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Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. Which two can you use to view supporting reference balances?

A) Use Oracle Transactional Business Intelligence to create an analysis using the Subledger Accounting - Supporting Reference Real Time subject area.
B) Submit the standard Supporting Reference Balances Report.
C) Use the Supporting Reference Balance Inquiry page.
D) Use Business Intelligence Publisher to build a custom report.

2. What is NOT included in the minimum required accountingattribute assignments?

A) First Distribution Identifier
B) Second Distribution Identifier
C) Distribution Type
D) Accounting Date

3. Given the business use case:
'New Trucks' runs a fleet of trucks in a rental business In the U.S. Themajority 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 attribute.
B) Assign it to an accounting method.
C) Assign it to a transaction type.
D) Assign it to an account rule.

4. What kind of sequence can be assigned to subledger journal entries at the time thatthe journal entries are created in final mode?

A) Document Sequence
B) Reporting Sequence
C) Accounting Sequence
D) Journal Entry Sequence

5. Which three duty roles are required to perform Accounting Hub setup tasks?

A) Accounting Hub Administration
B) Accounting Hub Maintenance
C) Application Implementation Consultant
D) Accounting Hub Integration
E) Subledger Accounting Manager

Solutions: