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Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

1. Which three duty roles are required to perform Accounting Hub setup tasks?

A) Accounting Hub Integration
B) Accounting Hub Administration
C) Subledger Accounting Manager
D) Accounting Hub Maintenance
E) Application Implementation Consultant

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.
How do you set up an account rule that is based on leased and owned trucks?

A) Set up a lookup value.
B) Set up a mapping set rule.
C) Set up a value set rule.
D) Set up an account source in the source system file and derive the value.

3. Which two can you use to view supporting reference balances?

A) Submit the standard Supporting Reference Balances Report.
B) Use the Supporting Reference Balance Inquiry page.
C) Use Oracle Transactional Business Intelligence to create an analysis using the Subledger Accounting - Supporting Reference Real Time subject area.
D) Use Business Intelligence Publisher to build a custom report.

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

5. How do you enable diagnostics on subledger transaction sources?

A) enable diagnostic source
B) enable diagnostic attribute
C) enable transaction debug
D) enable diagnostic profile

Solutions: