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Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

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

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

2. 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 thirdparties 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.
What do you do to enable costs flow from 'New Truck' to 'Fix Truck'?

A) Enable balancing rules
B) Enable intercompany balancing option
C) Enable chart of accounts rule
D) Enable legal entity rule

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

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

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

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

5. Which two actions can you accomplish for a registered source system?

A) Revise source Information through the user interface and add more sources.
B) Add new event classes through the user interface.
C) Modify the subledger application name as long as thereare no pending accounting entries.
D) Import the source system registration spreadsheet template multiple times as long as there are no accounting rules created yet.

Solutions: