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Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. Given the business use case:
'Insurances for Homes' company provides home insurance services. They have an in-house built system that processes insurance payments received from customers. The end result of the process consists of a listing of individual journal entries in a spreadsheet. They have requirements for getting all Journal entries in a secure and auditable repository. Access will be limited to selective staff members. Additionally, the company need to be able to report and view the entries using advanced reporting and analytical tools for segmenting, viewing and understanding data in the journal entries.
The line information may contain more than one line for the same header.
When uploading transactions, which is a way to differentiate each Journalline?

A) Assign an accounting attribute.
B) Assign a line classification or line type attribute.
C) Assign a custom formula.
D) You do not need to do anything additional.

2. A customer has a business requirement to provide additional information about subledger Journals that cannot be found in a predefined report.
How can you meet this requirement?

A) Build an OTBI analysis that includes a relevant subject area.
B) Use either Account Monitor or Account Inspector to getrequired Information.
C) Build a Financial Reporting Studio report that includes all dimensions.
D) Create a Smart View report using the query designer feature.

3. 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 Business Intelligence Publisher to build a custom report.
D) Use the Supporting Reference Balance Inquiry page.

4. While creating a journal entry rule set you are NOT able to use an account rule that was createdrecently.
Which two reasons can explain this?

A) The account rule is defined with a different chart of accounts from the journal entry rule set.
B) The account rule does not return any valid account value.
C) The account rule is using sources that have not been assigned to the same event class that is associated to the journal entry rule set.
D) The account rule is defined with conditions that are not allowing the assignment.

5. 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 thatmaps 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.

Solutions: