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Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. Which is an alternate way to implement a mappingset rule?

A) Define a chart of account rule with conditions.
B) Define an account rule with conditions.
C) Define a flexfield rule with conditions.
D) Define a lookup type rule with conditions.

2. 'Insurances for Homes' company provide home insurance service. They have in house built system that processes home insurance payments received from customers. The end result of the process consists of a listing ofindividual 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, be able to report and view the entries using an advanced reporting and analytical tools for slicing and dicing the Journal entries.
Insurance premium is to be recognized as income across the-coverage period of the insurance policy. How do you link the two journal lines in the recurring journal entries cases, so that these two journal lines are identified by the accounting process to create recurring Journal entries?

A) Multiperiod class
B) Accounting class
C) Recognition Journal class
D) Recurring Journal class

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

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

4. Which is used to track a specific transaction attribute on subledger journal entries?

A) account rules
B) lookup value rules
C) value set rules
D) supporting references

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

Solutions:

Question # 1 Answer: B

Question # 2 Answer: A

Question # 3 Answer: A,B,C

Question # 4 Answer: D

Question # 5 Answer: A