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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Accounting and Reporting | 20% | - Financial reporting structures
|
| Topic 2: Subledger Accounting Configuration | 30% | - Accounting methods and rules setup
|
| Topic 3: Implementation Best Practices and Maintenance | 10% | - Maintenance and troubleshooting
|
| Topic 4: Source System Integration and Data Management | 25% | - Data upload and validation
|
| Topic 5: Accounting Hub Overview and Architecture | 15% | - Common Fusion Cloud Application capabilities
|
Question 1
Your client, a banking organization, is currently using different transaction systems for different types of loans including vehicle loans, personal loans, education loans, and housing loans. You recently uploaded the source system data that includes Loan Origination, Loan Interest Accrual, Loan Scheduled Payment, Loan Interest Adjusted, Loan Late Payment, and Loan Charge off as event types.
The customer now asks you to add another transaction type called Loan Interest Accrual Reversal.
What should be your response to the customer?
A. A new transaction type cannot be added after the source system is registered
B. Loan Interest Accrual Reversal can be added as a new event type from the user interface
C. Loan Interest Accrual Reversal can be added as a new event type by using the update spreadsheet template
D. The source system should be registered again by including the Loan Interest Accrual Reversal event type
Question 2
You recently created an analysis to review the periodic revenue amounts using Smart View. Your customer wants to use the drill-through option to get more details about the balances appearing in the analysis.
Which TWO drill-through options would meet the requirement?
A. Drill to Account Group
B. Drill to Account Inspector
C. Drill to Financial Reporting Center
D. Drill to Detail Balances
Question 3
Your client has decided to implement Accounting Hub along with other Oracle-owned subledgers. They want to know about the predefined accounting methods that Oracle provides.
Which three are the predefined accounting methods?
A. Standard Accrual for China
B. Standard Accrual for USA
C. Standard Accrual
D. Standard Accrual for Japan
E. Standard Accrual with Encumbrances
Question 4
Your customer needs to generate journal entries for the insurance premium collected from the sale of policies.
The different components of the premium collected by the company include Basic Premium and Tax.
While uploading the transaction details containing both Basic Premium and Tax amounts, which transaction source would you use to link the transaction header and line information?
A. Document Key
B. Document Sequence Number
C. Transaction Type
D. Transaction Number
Question 5
You are trying to explain to an accountant that account override is an adjustment feature of Subledger Accounting.
Which TWO traits can help you further explain this feature?
A. It is intended to correct only the subledger journals that have been posted
B. It allows users to record a reason for the adjustment
C. It provides an audit trail by preserving the original subledger journal entry
D. It adjusts the original source transaction
Solutions:
| Question 1 Answer: B | Question 2 Answer: B,D | Question 3 Answer: C,D,E | Question 4 Answer: D | Question 5 Answer: B,C |
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