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Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

1. A customer's business requirement demands a more granular view of transferred subledger journal entries in GL.
Which of the available General Ledger Journal Entry Summarization options meets this requirement?

A) Summarize by GL Date
B) Summarize by GL Period
C) Transfer in Details
D) Group by GL Date

2. Given the journal:

What is the terminology that is used to identify the "Account Number', 'Original Balance' , and 'Origination Date' fields?

A) User Transaction Identifier
B) Source System Identifier
C) System Identifier
D) Attribute Identifier

3. What is the terminology that is used to refer to the number of transactions processed by Create Accounting in one commit cycle?

A) Virtual Machine Processing Size
B) Buffer Unit Size
C) Accounting Unit Commit Size
D) Processing Unit Size

4. 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.
How can the automatic recognition of insurance income be implemented in Accounting Hub Cloud?

A) Set up multiperiod accounting journal lines.
B) Set up a transaction line reversal.
C) Set up automatic Journal line reversal.
D) Create an adjustment journal entry.

5. What is the key attribute that is used to query journal entries of a registered source system?

A) Ledger Name
B) Journal Source
C) Transaction Date
D) Accounting Date

Solutions: