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Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

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

2. What automation option is NOT available when uploading transaction data to Accounting Hub Cloud?

A) Oracle UCM Web Services
B) Oracle Web Center Content Client Command line tool
C) ERP Integration Service
D) Oracle Virtual Web Center Services

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.
What wil the typical transaction information be at the header level?

A) Currency
B) Line Type
C) Amount
D) Customer Number

4. You need to build a complex account rule. Which four value types you use in yourdefinition?

A) Value Set
B) Existing Account Rule
C) Mapping Set
D) Source
E) Account Combination
F) Constant

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

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

Solutions: