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Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

1. A new source system has been registered into Accounting Hub Cloud. Users are actively using this new subledqer. Subsequently, the business signed up a contract with a new supplier. A new mapping value that maps suppliers with the accounts needs to be added. You make updates on the mappings in the existing mapping set rule by adding more mapping valued.
After saving the update, what is the next required action?

A) Activate the accounting method.
B) There is no required action. The mapping addition is complete.
C) Download a new transaction data template.
D) Activate the journal entry rule set.

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 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. 'New Trucks' and' Fix Trucks' are located in the same country and share chart-of accounts and accounting conventions.
How many ledgers are required to be set up?

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

3. What is NOT included in the minimum required accounting attribute assignments?

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

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

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

5. To support foreign currency transaction in Accounting Hub, which accounting attributes must be assigned a source?

A) Conversion type
B) Conversion type, conversion date and conversion rate
C) Conversion type and conversion date
D) Conversion date and conversion rate

Solutions: