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Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. What kind of sequence can be assigned to subledger journal entries at the time thatthe journal entries are created in final mode?

A) Journal Entry Sequence
B) Reporting Sequence
C) Document Sequence
D) Accounting Sequence

2. What is a user job role data context assignment?

A) Security data access context assignment to a user job role
B) Security data role context assignment to auser job role
C) Security privileges assignment to a user job role
D) Duty role context assignment to a user

3. 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.

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

5. '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 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, be able to report and view the entries using an advanced reporting and analytical tools forslicing and dicing the Journal entries.
Which is a correct example for a formula to prorate amounts evenly across each period? Note that the NumberofGLPeriod is a predefined function that returns the number of non adjustment accounting periods between twodates.

A) "Amount" * ("Last Day ol Current Accounting Period" - "Effective Date" + 1) / (("Expiry Date"
"Effective Date") + 1)
B) "Amount" * NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") / NumberofGLPeriod ("Effective Date", 'Expiry Date")
C) "Amount" - ("Last Day of Current Accounting Period" - "Effective Date" ) / ("Expiry Date" -"Effective Date")
D) "Amount" *( NumberofGLPeriod ("Effective Date", "Last Day of Current Accounting Period") + 1)/ (NumberofGLPeriod ("Effective Date", "Expiiy Date") + 1)

Solutions: