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Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

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

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

2. Given the business use case:
'New Trucks' runs a fleet of trucks in a rentalbusiness 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: totalmaintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income. 'New Trucks' and' Fix Trucks' are located in the same country and share chart-of accounts and accounting conventions.
How manyledgers are required to be set up?

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

3. What is a user job role data context assignment?

A) Security data role context assignment to auser job role
B) Duty role context assignment to a user
C) Security privileges assignment to a user job role
D) Security data access context assignment to a user job role

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

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

5. Which transaction source is used to link transaction header and line information?

A) Transaction Number
B) Transaction Date
C) Transaction Type
D) Transaction Key

Solutions: